by Axios.com | Jan 31, 2024 | alerts, Markets/Economy
Bitcoin bulls want to know: If you can easily buy a commodity on the stock market, in ETF form, does that drive demand for the commodity itself? The answer, judging by the past three years in the world of gold ETFs, is a clear no. Why it matters: The run-up in the...
by Bloomberg.com | Jan 31, 2024 | alerts, Markets/Economy
Outlook worsens as factory activity shrinks for fourth month Investor sentiment is still extremely bearish: Union Bancaire A selloff in Chinese stocks deepened, with a key index falling to a five-year low and wiping out all the gains that it made last week on optimism...
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 Reuters.com | Jan 30, 2024 | alerts, Markets/Economy
Jan 30 (Reuters) – Mondelez International (MDLZ.O) posted a rise in fourth-quarter sales on Tuesday, but price hikes took a toll on volumes as it squeezed demand for the Cadbury parent’s chocolates and salty crackers, sending its shares down more than 2%...
