The China-Driven Metals ‘Super Cycle’ Is Over, Jefferies Says In a recent note, Jeffries, a global investment banking firm, has stated that the days when China fueled demand for metals like copper, aluminum, and iron ore are over. Analysts led by Christopher Rafemina believe that long-term demand will now be dominated by the United States … Read more
Mixed Close for Major US Stock Indexes as Technology Stocks Rebound On Thursday, the three major U.S. stock indexes closed with mixed results. The Dow Jones Industrial Average fell 0.01%, the Nasdaq Composite rose 0.95%, and the S&P 500 gained 0.37%. Large technology stocks saw a rebound, with Tesla erasing an early decline of over … Read more
Global gold prices have continued to decline, reaching their lowest level in nearly three months, following statements made by the US Federal Reserve President before Congress regarding a potential increase in interest rates early this year. During Thursday’s trading, gold prices fell by 0.2% in spot transactions, reaching $1929.21 an ounce, while the dollar index … Read more
Global oil prices experienced a decline in trading on Thursday due to increasing concerns among investors about the demand for crude from China, the second largest economy in the world. This decline was triggered by the confirmation from Jerome Powell, the Chairman of the US Federal Reserve, regarding the possibility of raising interest rates again … Read more
The US stock market continued to fall on the 20th. The US Federal Reserve Board (FRB) chairman Powell’s testimony to Congress on the 21st was a nervous development. S&P 500 Index 4388.71-20.88-0.47% Dow Jones Industrial Average 34053.87-245.25-0.72% Nasdaq Composite Index 13667.29-22.28-0.16% The S&P 500 index fell for the first time in four weeks, leaving its … Read more
U.S. Housing Starts Experience Largest Surge Since 2016, Boosting Economic Growth In a positive sign for the U.S. economy, housing starts in the country recorded their biggest jump since 2016 in May. This surge in construction permits also suggests that the housing sector is on track to contribute to economic growth. According to the latest … Read more
China’s imports of Russian oil have reached an all-time high, according to data from the General Administration of Customs in China. In May 2023, China imported a total of 9.71 million metric tons of oil from Russia, representing a 15.3% increase compared to the previous year. This translates to an average of 2.29 million barrels … Read more
Title: Florida’s Housing Market Sees Cooling Trend After Pandemic Boom Introduction: Florida’s housing market, which experienced a frenzy during the coronavirus pandemic, is now showing signs of cooling off. The state’s single-family home prices have remained flat year-over-year for the first time since 2011, following a significant rise of nearly 50% over the past three … Read more
Japanese Prime Minister Fumio Kishida recently delivered a speech at his alma mater, Waseda University, where he discussed Sino-Japanese relations. Kishida emphasized the importance of non-governmental exchanges in improving these relations, stating that diplomacy extends beyond government-to-government interactions. He expressed his hope for active exchanges among the younger generation to foster stronger ties between Japan … Read more
UAE Banks Grant 11 Billion Dirhams in New Personal Financing in Q1 2023 Abu Dhabi – In the first quarter of this year, UAE banks provided 11 billion dirhams in new personal financing to individuals. The total balance of individual borrowing reached over 487 billion dirhams by the end of March, accounting for more than … Read more