July 4, 2024
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Currencies

Dollar Steady Ahead of Key Global Inflation Data

On Monday, the U.S. dollar held its ground, though it is poised for its first monthly loss this year. Investors are closely watching inflation data from the U.S., Europe, and Japan to gauge future interest rate decisions globally. Market Dynamics and Currency Performance Recent months have seen foreign exchange trading dominated by the search for

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Commodities

Unlocking Argentina’s Copper Wealth: Economic Reforms Key for Milei

Argentina harbors vast ambitions for its untapped copper reserves in the Andean north, aiming to become a top 10 global producer. This potential has drawn the interest of major investors like Glencore, Lundin Mining, and First Quantum Minerals. However, realizing this potential hinges on significant economic reforms. Newly elected libertarian President Javier Milei faces the

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News Technology

Amazon’s Cloud Unit Halts Orders of Nvidia’s Flagship Chip, FT Reports

Amazon Web Services (AWS), the leading global cloud services provider, has reportedly paused its orders for Nvidia’s latest top-tier AI processor, the Blackwell. Nvidia, a dominant force in the chip sector, announced in March that the Blackwell chip would be its new flagship AI processor, expected to ship later this year. According to the Financial

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Accident Health News Travel

Tragic Turbulence: Fatal Incident on Singapore Airlines Flight

A catastrophic event unfolded on a Singapore Airlines flight from London when severe turbulence led to the death of one passenger and critical injuries to seven others. The flight was forced to make an emergency landing in Bangkok. Singapore Airlines expressed its deepest condolences and apologies for the traumatic experience endured by passengers and crew.

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Commodities News

Shell Investors Back Company’s Climate Strategy Amid Protests

In a significant shareholder meeting, Royal Dutch Shell’s leadership faced a contentious vote where the majority of shareholders endorsed the company’s current climate strategy, despite vocal opposition from climate activists. The vote followed adjustments to Shell’s carbon reduction targets for 2030, which CEO Wael Sawan revised downward earlier this year, citing robust demand for natural

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Crypto Cryptocurrency News

Surge in Ether Prices Fuels Optimism for Upcoming Ether ETF Decisions

Ether, the cryptocurrency that powers the Ethereum blockchain network, is witnessing its most substantial two-day surge in almost two years, fueled by investor optimism ahead of crucial U.S. regulatory decisions on spot exchange-traded funds (ETFs) linked to the digital currency. As speculation mounts over the approval of these ETFs, Ether’s value soared to $3,775—its highest

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China News World

China’s Strategy to Stabilize Property Sector Unveiled by Vice Premier

In a recent statement, China’s Vice Premier He Lifeng announced comprehensive measures to manage the risks associated with the country’s property sector, local government debt, and small financial institutions. This initiative is part of a broader effort to bolster confidence in China’s financial system, currently grappling with a property downturn and escalating local government liabilities.

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Commodities News

Predictive Analysis Suggests Imminent Bottoming Out of Oil Prices, Say Experts

Analysts from McClellan Financial Publications forecast an impending stabilization in oil prices in the near future. Their predictive model, which intriguingly aligns the movements of gold prices—projected forward by nearly 20 months—with subsequent shifts in crude oil markets, anticipates a notable trend reversal. Despite the inherent uncertainties in any predictive model, historical data underscores a

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Currencies News

Calm in the Dollar as Week Ends; Sterling Advances on Robust Growth Data

This Friday marked a stabilization in the U.S. dollar after it retreated in the prior session due to disappointing jobs figures. Conversely, the British pound ascended following the announcement of unexpectedly strong economic growth data. As of early morning, the Dollar Index, which assesses the value of the dollar against six major currencies, modestly increased

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Economy News

Stock Futures Rise, Anticipated Consumer Sentiment Data Today – Market Dynamics Explored

1. U.S. Stock Futures Ascend Amidst Market Optimism On a promising Friday, U.S. stock futures indicated a robust start, continuing the upward trajectory from the previous session. Market participants are poised to delve into U.S. consumer sentiment data today, alongside prepping for pivotal inflation figures next week. Concurrently, a dip occurred in the Hong Kong

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