Monthly Archives: October 2024
Oil Prices Surge on Heightened Geopolitical Tension
Written on October 14, 2024 at 6:29 am, by
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to globalContinue Reading
Wall Street Bullish on Tech Rally
Written on October 14, 2024 at 6:28 am, by
Market Summary The Chinese equity market faced strong selling pressure in the last session due to disappointing economic data, while Wall Street reached another all-time high, driven by a fresh tech rally led by companies like Apple Inc, Amazon, and Netflix. However, traders should closely monitor today’s CPI reading, as a higher-than-expected result could placeContinue Reading
Gold Prices Plunge on Fed’s Hawkish Prospect
Written on October 14, 2024 at 6:22 am, by
Market Summary Chinese equities, including the China A50 and Hang Seng Index (HSI), extended their losses following the resumption of trading after the National Day holiday. Poor holiday economic data, combined with growing skepticism around stimulus measures, sparked a sell-off in the market, with the HSI plunging nearly 10% since its last session. Meanwhile, U.S.Continue Reading
