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DAILY MARKET ANALYSIS

Stay on top of your trading with analyses of the latest market news.

3 May 2024
Asian stocks and Yen show resilience

Key points Asian equity markets saw an uplift, driven by Apple’s announcement of a $110 billion share buyback plan that bolstered the technology sector.  Japanese yen experienced a recovery, distancing itself from recent 34-year lows. Asia-Pacific stock indices surge despite …

3 May 2024
Gold prices steady despite uncertain US economic indicators

Gold prices are on track for a second consecutive weekly decline but remained stable on Friday morning at $2,301.49 per ounce as of 0215 GMT. The modest weekly loss of over 1% reflects a broader pullback from the record high …

3 May 2024
Oil stabilises, set for weekly fall on US economy concerns

Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal …

2 May 2024
MARKETS TODAY: Fed Maintains US Interest Rates

ICYMI – Market Summary for 2 May 2024 Despite market speculations, Federal Reserve Chair Jerome Powell has reiterated the central bank’s position, maintaining interest rates at 5.25%-5.50%, levels not seen in 23 years. This comes despite ongoing challenges in achieving …

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