Recent News
Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats
by GalaxyNews | June 5, 2023 | Uncategorized | 0 Comments
Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls...
Germany Leads Big Bond Rally As Inflation Finally Heads Down
by GalaxyNews | June 2, 2023 | Uncategorized | 0 Comments
Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate hikes are nearing an end. Borrowing costs, or bond yields, in the benchmark euro area issuer are down...
Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward
by GalaxyNews | June 1, 2023 | Uncategorized | 0 Comments
Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China’s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill...
Gold Edges Lower, Copper Slides On Disappointing Chinese Data
by GalaxyNews | May 31, 2023 | Uncategorized | 0 Comments
Gold prices crept lower on Wednesday as markets awaited more cues on the raising of the U.S. debt ceiling, while copper prices slid after data offered more signals of a slowing economic rebound in China. Copper futures sank 0.7% to $3.6338 a pound, and were set to...
Asian Stocks Dip, Chinese Shares Hit 5-Mth Low As U.S. Ties Worsen
by GalaxyNews | May 30, 2023 | Uncategorized | 0 Comments
Most Asian stocks retreated on Tuesday as optimism over a deal to raise the U.S. debt ceiling was offset by fears of worsening ties between Beijing and Washington, amid renewed sparring between the two over trade and political sanctions. Chinese stocks were the worst...
Asian Stocks Rise, Nikkei At 33-Year High On Debt Ceiling Optimism
by GalaxyNews | May 29, 2023 | Uncategorized | 0 Comments
Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The Nikkei 225 was the best performer in Asian...
Economic Development In Asia Still Faces Many Challenges, China Minister Says
by GalaxyNews | May 27, 2023 | Uncategorized | 0 Comments
Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China’s commerce minister Wang Went said. Wang made the comments at the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, where he met with several leaders...
Japan outshines Asian Stocks On Tech Strength, Chinese Markets Lag
by GalaxyNews | May 26, 2023 | Uncategorized | 0 Comments
Japanese stocks moved back towards a 33-year high on Friday, outpacing their Asian peers amid increased optimism over chipmaking stocks, while Chinese markets lagged as investors fretted over slowing economic growth and worsening U.S. ties. Broader Asian stocks also...
Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares
by GalaxyNews | May 25, 2023 | Uncategorized | 0 Comments
Most Asian stocks fell on Thursday as fears of a U.S. debt default persisted amid little progress toward raising the debt ceiling, although chipmaking stocks outperformed tracking a robust outlook from Nvidia. Japan’s Nikkei 225 index rose 0.6%, supported chiefly by...
South Korea Asks US to Review China Rule For Chip Subsidies
by GalaxyNews | May 24, 2023 | Stock market | 0 Comments
South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to...