December 19, 2024
Stocks decline after Fed cuts rates as expected
U.S. stocks fell, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signaled a slower pace of cuts next year. The Fed cut rates by 25 basis points to the 4.25%-4.50% range. The U.S. Federal Reserve cut interest rates and signaled […]
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December 18, 2024
Gold retreats as traders see slower Fed rate cuts in 2025
Gold slipped under pressure from a strengthening U.S. dollar and climbing Treasury yields as investors focused on the Federal Reserve’s final policy meeting of the year with growing expectations of a gradual pace of rate cuts in 2025. The Gold dipped a slight 0.2% against the Dollar in the last session. The RSI is giving […]
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December 18, 2024
Dollar strengthens after strong retail sales data
The U.S. dollar strengthened against major currencies following better-than-expected retail sales data that showed underlying economic momentum and as markets braced for interest rate moves from the Federal Reserve and other central banks.
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December 18, 2024
2024 the ‘year of the bond’ as record inflows top $600 billion
Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields
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December 17, 2024
Nasdaq tops NYSE in listings for 6th straight year
Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025. Companies raised approximately $22 billion across 160 initial public offerings at Nasdaq in the first 11 months of this […]
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December 17, 2024
Crypto products record 10th consecutive week of inflows at $3.2B
Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows. Digital asset investment products saw another $3.2 billion of inflows in the trading week of December 9–13, crypto investment firm CoinShares reported
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