by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Central-bank purchases, OTC buying key to rising consumption Fed’s expected pivot is seen spurring additional accumulation Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates,...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
S&P/ASX 200 Index exceeds closing high set in August 2021 Bonds jump with stocks, currency falls after CPI data Australia’s equity benchmark surged alongside bonds, closing at an all-time high after inflation data bolstered bets for monetary policy easing....
by Bloomberg.com | Jan 30, 2024 | alerts, Markets/Economy
Move affects 2,100 rural banks with $6.7 trillion assets Banks buffeted by bad loans, shrinking margin, slow growth China is embarking on its biggest consolidation in the banking industry by merging hundreds of rural lenders into regional behemoths amid growing signs...
by Bloomberg.com | Jan 30, 2024 | alerts, Markets/Economy
Economy expanded 0.1% quarter-on-quarter, versus est. of 0.3% Domestic growth is slowing under high borrowing costs Mexico’s economy slowed more than forecast in the fourth quarter on waning exports and household consumption, fueling bets the nation’s central bank...
by Bloomberg.com | Jan 30, 2024 | alerts, Markets/Economy
Share of top 10 stocks are nearing historical 2000 peak Strategists warn of a pullback led by top US equities The dominance of the 10 biggest stocks in US equity markets is increasingly drawing similarities with the dot-com bubble, raising the risk of a selloff,...
