How things will continue with the real estate giant is still unclear. Evergrande remains silent about the payment of the foreign bonds. The last due payment of $47.5 million to foreign creditors has not been made, according to information. Thus, Evergrande has missed the second first for a bond payment. The silence on the unpaid …
Global gold is down 0.7% at $1,722.50 per ounce, the lowest level since Aug. 10’s $1,720.49 per ounce. Gold futures declined 0.8% to $1,722.9 per ounce on Wednesday (Sept. 29). The gold price is currently struggling with the strong U.S. dollar, which has reached its high for the year at 94.112 basis points. In addition, …
Gold falls due to the strong dollar and crash worries Read More »
After the U.S. stock market fell the most since May 2021, bond yields have soared on inflation concerns. Japan’s Nikkei 225 plunges 2.55% as the Liberal Democratic Party of Japan may be elected the country’s ruling party. The Shenzhen index fell 1.16% as investors awaited manufacturing data and China’s manufacturing PMI. The data is scheduled …
Oil prices continue to rise and possibly much higher by the end of the year. According to statements, the oil price could rise to $90 per barrel by the end of the year. Tonight in Asia (GMT+7), oil prices are moving more in the sideways direction. Brent crude oil is up 0.71% at $78.00 per …
Precious Metal: Gold futures fell 0.83%, or $14.5, to $1,737.50 per ounce. Silver futures fell 1%, or 22.7 cents, to $22.467 per ounce. Platinum contracts fell 1.63% or $15.9 to close at $961.9 per ounce. Palladium fell 4.8%, or $93.50, to close at $1,854.20 per ounce. Precious metals contracts were negatively impacted by rising 10-year …
Federal Reserve Chairman Jerome Powell will have to tell Congress that inflation will remain higher than expected for longer. This will probably make true what some investors have been saying for some time, that inflation is here to stay. How long longer means Powell continues to push on the labor market figures and post COVID …
Fed admits that inflation will remain high for longer than expected Read More »
Oil prices are stabilizing for the time being after rising for five consecutive days on fears that higher prices would reduce fuel demand. However, market sentiment remains good in view of the tight global supply. Brent crude futures rose 1.13% to $79.84 a barrel at 1:25 PM ET. WTI crude futures rose 1.11% to $76.56 …
Sunday’s election will decide the future direction of Germany. The left-wing SPD is slightly ahead of the conservative CDU. It will be exciting to see in which coalitions the new government will work, but a merger with the Communist Left should be avoided. The thought of Europe’s largest economy falling back into the dark communist …
The last week of September could keep investors on their toes. Already on Monday, the Senate will hold a vote on suspending the debt ceiling until 2022. Can President Joe Biden’s administration raise the debt ceiling to borrow even more money? If the U.S. government’s overly critical plan fails, they would have to find other …
What investors should keep an eye on in the last week of the month Read More »
The Evergrande debt crisis continues to unsettle Asian investors as the future of the heavily indebted real estate developer remains uncertain. Concerns grew when China’s second-largest real estate developer failed to pay interest payments due from overseas bondholders.Evergrande now has 30 days to make the due payments before the bond has defaulted. Investors in Asia …