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Gold price holds positive ground near $4,010 after retreating from a fresh record high of $4,059 in the previous session during the early Asian session on Thursday.
The S&P 500 advanced about 60 basis points on the day, but the index has essentially moved sideways since Friday. If it manages to gap higher tomorrow, that would be different, but for now, we’ve just been oscillating around the 6,750 gamma level.
Political pressure on the budget showdown will mount. The number of people receiving a subsidy jumped from 10 million to over 22 million as a result of Biden’s 2021 American Rescue Plan Act (ARPA).
The shutdown could cost the U.S. economy $15 billion per week. If it drags on for several more weeks, the economic disruption could become far more widespread.
The only thing falling is the yen, a casualty of Japan’s new “controlled reflation”, which looks a lot like old-fashioned currency engineering with better PR.
The Debt-to-GDP ratio of the world's largest economies is rising at a frightening pace as reckless deficit spending has become the order of the day.
Nichias has paid variable semi-annual dividends since December 10, 1997. A current forward looking annual dividend is not available.
The most recent NICFF dividend was paid December 2, 2024.
Current probabilities for the end of the government shutdown contracts on Oct. 17 and Oct. 24 are 37% and 59%, pointing to forecast traders expecting a reopening date around Oct. 21.
The Fed Chair emphasized a meeting-by-meeting approach, guided by incoming data, and noted that markets are pricing in a path of cuts, but the Fed is focused on the data rather than market expectations.
The US Dollar Index (DXY) clocked its third consecutive day of gains, challenging its key 99.00 barrier amid an acceptable rebound in U.S. Treasury yields.
SPY has continued to shed assets this year, making it the worst-performing in Wall Street. It has lost over $32 billion in assets, while the VOO has added over $86 billion. IVV has added over $28 billion in assets.
The Nasdaq Composite and Dow Jones Industrial Average are up triple digits as AI stocks bounce back, with Nvidia shares leading the charge after CEO Jensen Huang noted rising demand.
Gold has broken above $4,000 for the first time, driven by Fed rate-cut expectations, U.S. shutdown risks, and global uncertainty. Safe-haven demand and strong technicals support further upside.
The October decision on Polish rates was a close call. Market consensus was evenly split between those betting on unchanged rates and those expecting a 25bp cut.
The year to date has been notable for a broad rally that’s lifted all the major asset classes, but it’s not hard to find a wide array of losers when you look below the surface.
On Wednesday, gold breached the $4,000 per ounce mark for the first time, setting a new all-time high as investors rushed into safe-haven assets amid heightened global uncertainty and dovish expectations for the US Federal Reserve.
The shutdown of parts of the U.S. government is causing some minor inconveniences to people who use economic data generated by several of the agencies that have been shuttered because the U.S. Congress hasn't authorized funding for them.
The yen has been under intense pressure in recent days, first on the back of the Japanese election result and then exacerbated by broad-based dollar demand as risk-off flows dominated global markets.
Spot gold extended its rally to top $4,000/oz for the first time this morning, as concerns over the US economy and a government shutdown boost demand for safe havens.
Global stock markets took a pause from the relentless advance of record highs as investors became increasingly cautious about inflated valuations and the surge of capital flowing into artificial intelligence.
The US natural gas prices jumped more than 2.5% on Tuesday to $3.45/MMBtu, nearing the 11-week high of $3.476 reached on October 1st, amid a drop in daily production.
