March 3, 2025
China February manufacturing hits 3-month high
China’s manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchase volumes led to a solid rise in production, an official factory survey showed. The official purchasing managers’ index rose to 50.2 in February.
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March 3, 2025
Gold set to record worst week in three months on robust dollar
Gold prices fell over 1% to end the week as the dollar held close to two-week highs after U.S. inflation data came in line with expectations, suggesting the Federal Reserve may adopt a cautious stance on additional rate cuts. The Gold dropped 0.6% against the Dollar in the last session. The MACD is giving a […]
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February 27, 2025
GM to increase dividend 25%, buy back another $6 billion of shares
General Motors said it would increase its quarterly dividend by 25% and undertake a new $6-billion share buyback program. Shares of the automaker rose about 6%. The quarterly dividend increase from 12 cents to 15 cents a share will take effect with the company’s next planned dividend in April 2025.
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February 27, 2025
Gold prices slip, investors eye upcoming US PCE data
Gold prices eased after a recent record rally, while investors looked towards inflation data due later this week and the latest developments on U.S. President Donald Trump’s tariff plans. The Gold-Dollar pair corrected downwards in the last session, falling 0.1%. According to the Stochastic-RSI, we are in an oversold market.Support: 2853.9 | Resistance: 2971.7
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February 27, 2025
European stocks hit record
A draft U.S.-Ukraine deal on critical minerals and robust corporate earnings helped European shares close at a record high. Global shares also gained and benchmark Treasury yields notched their sixth straight day of declines.
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February 26, 2025
Dollar falls after soft consumer confidence as economic concerns drag
The dollar retreated, extending declines after a soft reading on U.S. consumer confidence and a drop in U.S. yields weighed, while optimism for more spending in Germany helped lift the euro.
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