Gold rose to a two-week high on speculation that the Fed would postpone the cut

Gold prices rose to their highest level in more than two weeks on speculation that the Fed might delay tapering of asset purchases. The dollar index fell for the first time in more than a week, boosting gold's attractiveness as an alternative asset. Robert Kaplan, president of the Dallas Fed, said he was willing to adjust his view that the Fed should cut the size sooner rather than later if the Delta variant continues to spread and damage economic progress. The massive monetary stimulus implemented by central banks around the world in the wake of the outbreak was the pillar of gold prices rising to record highs last year. Since the beginning of this year, with the progress of vaccination, the stronger-than-expected recovery in some economies and the possibility of raising interest rates, the price of gold

新浪財經Aug 23, 2021 22:43

Sales of second-hand homes in the United States rose in July and the shortage of houses for sale eased.

Sales of second-hand homes rose for the second month in a row in July, rising 2 per cent to an annualised rate of 5.99 million units, and the shortage of unsold homes showed signs of easing. Us second-hand housing sales rose for the second month in a row in July, indicating stronger housing demand and signs of easing in the shortage of unsold houses. Sales of second-hand homes rose 2% in July from the previous month, or an annual rate of 5.99 million, compared with economists' median estimate of 5.83 million, according to data released by the national association of real estate brokers (NAR) on Monday. The data show that lower borrowing costs and demand for residential space continue to stimulate willingness to buy homes.

新浪財經Aug 23, 2021 22:36

Short GameStop lost $6 billion hedge fund was withdrawn! Melvin's performance of the moon eye still failed to make up for the loss at the beginning of the year.

Original title: short GameStop lost $6 billion hedge fund was withdrawn! Melvin's moon-eye performance still doesn't make up for the source of losses at the start of the year: FX168 plans to withdraw $500m of its $2 billion investment in Melvin on Monday after Melvin Capital was hit hard by shorting GameStop and other soaring retail holdings. On January 25th this year, Citadel and Point72 Asset Management jointly invested in Melvin.

FX168Aug 23, 2021 22:21

Us service and manufacturing growth slowed to an eight-month low in August

The composite purchasing managers' index for services and manufacturers fell to 55.4 in August from 59.9 a month earlier. The report showed that restricted capacity was turning into persistent inflationary pressure. Us business activity continued to slow in August, amid a shortage of raw materials and labour. against the backdrop of rising COVID-19 infection, business activity expanded at its slowest pace in eight months. The composite purchasing managers' index (PMI) for services and manufacturing fell to 55.4 in August from 59.9 a month earlier, according to data released by IHS Markit on Monday. A reading above 50 indicates an expansion of economic activity, which has been touched since May

新浪財經Aug 23, 2021 22:19

Goldman Sachs Group, Bank of America: the worst period, the lost decade of emerging markets is over.

Rising commodity prices and earnings growth expectations have triggered bullish bets on emerging market stocks. Emerging market stocks have underperformed for more than a decade, putting them close to a 20-year low relative to developed-world stocks. Goldman Sachs Group Group (Goldman Sachs Group Inc.), Bank of America Corporation (Bank of America Corp.) and Razard Asset Management (Lazard Asset Management) predict that once the vaccine is launched, investors will use low valuations to help the global economy recover from the epidemic, which will

新浪財經Aug 23, 2021 05:03

Putian traffic police report NIO autonomous driving incident: an investigation has been carried out and responsibility will be determined according to law

The Putian traffic police reported the NIO autonomous driving incident: Mr. Lin died on the spot after rear-ending the truck. An investigation has been carried out, and responsibility will be determined in accordance with the law.

新浪財經Aug 18, 2021 13:46