Check out the top and bottom movers on the JSE today. Read more.
Tags : cpi
Ford Motor's market value surpassed $100 billion for the first time as the automaker's stock hit a new 52-week high Thursday.
With all the above fundamental information being in Gold's favour, it compliments the technical structure of this pair extensively. Read more.
Economic releases have been on the quiet side this week, subduing most volatility and market movements - especially towards Gold. Read more.
Debt-ridden property developer China Evergrande is set to raise about $273 million from the sale of its remaining stake in film production and streaming company HengTen Networks. This is according to a statement released before the stock market opened on Thursday. Evergrande, the largest issuer of U.S. dollar debt among Chinese property developers, was on the verge of officially defaulting this year. The company has made eleventh-hour payments and resumed building apartments owed to buyers. But that's only a fraction of what the company owes. Read more.
The financial markets are shaping up to a return of higher interest rates. With the US CPI year on year (YoY) print coming in at 6.2%, the highest inflation print in the last 3 decades, 31 years to be exact. Read more.
According to financial reports released Wednesday, CEO Elon Musk is selling a block of Tesla shares under a plan he set in motion on Sept. 14 of this year. Read more.
The dollar was pushing higher early today as markets anticipated the release of CPI (Consumer Price Index) figures for October. Read more.
GBP/USD was holding steady near six-week highs in early Thursday trading. At the time of writing (09:20 am) it was trading at levels around 1.3800. Read more.
As the US economy recovers with the unemployment rate on the decline and consumer spending on the rise a lot of e-commerce and retail vendors have started offering discounts in the leadup to Black Friday sooner than expected to try and stretch out holiday spending. Read more.