China’s stock markets have been on a tear since Beijing rolled out a flurry of stimulus measures last week and over the weekend to jolt the beaten-down market and revive a slowing economy. The blue-chip CSI 300 index closed up 8.48% to its highest level in more than a year.
The Australian dollar (AUD) reached new 2024 peaks, bolstered by China’s recovery and strong economic policy from the Reserve Bank of Australia.
Gold eased, taking a breather after a historic rally driven by U.S. monetary easing and heightened Middle East tensions, which put it on course for its best quarter since 2020.
The Gold-Dollar pair dove 1.0% in the last session. The MACD is giving a positive signal.
Support: 2657.8033 | Resistance: 2668.0233
About 24% of crude oil production and 18% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said. Oil and natural gas production losses fell for the second consecutive day after reaching a peak of 511,000 barrels on Wednesday.
Treasury yields and the dollar fell while the Dow registered a record closing high as a subdued U.S. inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve’s November policy meeting. A global stock index also reached a record high, helped by China’s stimulus boost, and European shares posted an all-time high close.
The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders expect, after a government report showed U.S. inflation has cooled to a pace nearer to the central bank’s 2% goal.
Google’s stock rose 0.7% in the last session. The RSI is giving a positive signal.
Google’s stock rose 0.7% in the last session.
The RSI is giving a positive signal.
Support: 161.23 | Resistance: 164.83
