by finance_admin | December 2, 2024 | Markets
Shares of GQG Partners, a significant investor in the Adani Group, plunged 15.74% on Monday following a downgrade by Swiss banking giant UBS. The downgrade shifted GQG’s rating from “buy” to “neutral” and slashed the stock’s target price from AU$3.30 to AU$2.30....
by finance_admin | December 1, 2024 | Markets
This week, the average rate on a 30-year mortgage surged to its highest level in over five months, exerting upward pressure on borrowing expenses for prospective homebuyers during what is typically the housing market’s busiest period. According to mortgage buyer...
by finance_admin | December 1, 2024 | Markets, News, Stocks & Bonds
London Stock Exchange Reclaims Top Spot in Europe as Political Instability Hits Paris The London Stock Exchange (LSE) has reclaimed its position as Europe’s largest stock market by valuation, overtaking Paris due to recent political turmoil in France. According to...
by finance_admin | December 1, 2024 | Commodities, Markets, News
Spot gold rises 0.6% to $2,341.15 per ounce amidst softer U.S. economic data and rate cut expectations Gold prices reached a two-week high on Thursday as weaker U.S. economic data fueled expectations of interest rate cuts by the Federal Reserve this year. As of 0512...
by finance_admin | November 28, 2024 | Markets, Stocks & Bonds
Asia-Pacific markets traded predominantly higher on Thursday as investors digested South Korea’s unexpected interest rate cut alongside a subdued Wall Street session overnight. The Bank of Korea shocked markets by reducing its benchmark interest rate by 25 basis...
by finance_admin | November 28, 2024 | Commodities, Energy
Oil prices inched higher on Thursday amid reduced trading activity due to the US Thanksgiving holiday, as market participants turned their attention to a postponed OPEC+ meeting now set for December 5. Brent crude, the global benchmark, hovered near $73 per barrel in...
