Vincent Leong 96367
reacted to
$Gold Futures(DEC4) (GCmain.US)$ it'll hit $2,600 bucks today... I'm sitting on all these ingots of gold I play dominoes with them on my kitchen table when I'm bored.. it's funny because you pick it up 1 oz and it's $2,600. the problem with gold though is it's really not liquid it's not like you can go into a restaurant and buy anything with it you have to convert it to cash and then there's a spread typically of about 3-5% depending upon where you would go to sell gold to convert to cash
4
Vincent Leong 96367
liked
Among the three major U.S. stock indices, the $Dow Jones Industrial Average (.DJI.US)$ often gets overshadowed by the $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ . However, since July, the Dow has not only outpaced these two indices but also reached an all-time high on August 30.
This shift suggests that funds might be moving out of tech stocks and into traditional industries.
Considering this trend could continue, it may be a good tim...
This shift suggests that funds might be moving out of tech stocks and into traditional industries.
Considering this trend could continue, it may be a good tim...
+3
315
149
Vincent Leong 96367
liked
Last week, the U.S. ADP report and non-farm payroll data for August were released, indicating a slowdown in the labor market.
– Private employment: 99k (Actual), 145k (Expected);
– Non farm payrolls: 142k (Actual), 165k (Expected);
– Unemployment rate: 4.2% (2024/8) , 3.7% (2023/8).
Investor concerns about a potential recession in the U.S. have intensified, leading to a collective decline in the three major U.S. stock...
– Private employment: 99k (Actual), 145k (Expected);
– Non farm payrolls: 142k (Actual), 165k (Expected);
– Unemployment rate: 4.2% (2024/8) , 3.7% (2023/8).
Investor concerns about a potential recession in the U.S. have intensified, leading to a collective decline in the three major U.S. stock...
+3
354
183
Vincent Leong 96367
liked
$NVIDIA (NVDA.US)$
For tonight data , sure not problem to deliver beautiful data , with oil price drastic drop and some service even like transportation or food . All this drop becoz of unbalance between supply and needs
Recession meaning of people income getting less and getting hard .
For tonight data , sure not problem to deliver beautiful data , with oil price drastic drop and some service even like transportation or food . All this drop becoz of unbalance between supply and needs
Recession meaning of people income getting less and getting hard .
4
Vincent Leong 96367
voted
Vincent Leong 96367
liked and voted
(Kuala Lumpur News, 3rd) The overall performance of the banking industry in the second quarter of 2024 is good. Analysts expect that the net interest margin will stabilize in the future, and the prospects for profit growth are still bright, maintaining a "positive" rating.
In the latest report of Maybank Investment Banking Research, it is observed that in the first half of this year, the core net profit of the banking industry in our country increased by 9% year-on-year, mainly due to the continuous growth of operating profit by 7% and stable credit costs.
Therefore, analysts maintain a growth forecast of 7.6% for full-year operating profit in 2024.
This is mainly based on the forecast of domestic loan growth of 5.5%, an average net interest margin of 2.07%, a non-interest income ratio of 25.1%, and a cost-to-income ratio (CIR) of 44.7%.
Considering the support of lower crediting costs, that is 22 basis points, lower than the 23 basis points in 2023, we have raised our core net profit growth expectation from 6.8% to 7.8%, while the average return on equity (ROE) of the banking industry is expected to be 10.4%.
Question: Can maintain low inflation this year.
Analysts pointed out that the overall inflation rate last year was 2.5%. The bank's economists have already lowered their inflation forecast for 2024 from the previous 3% to 2%, and they expect inflation for 2025 to be in the range of 2.5% to 3%, due to the expected implementation of targeted fuel subsidies next year.
Although the current deposit interest rate has a positive return, given the prospect of rising inflation next year, it means that the central bank is unlikely to cut interest rates in the short term...
In the latest report of Maybank Investment Banking Research, it is observed that in the first half of this year, the core net profit of the banking industry in our country increased by 9% year-on-year, mainly due to the continuous growth of operating profit by 7% and stable credit costs.
Therefore, analysts maintain a growth forecast of 7.6% for full-year operating profit in 2024.
This is mainly based on the forecast of domestic loan growth of 5.5%, an average net interest margin of 2.07%, a non-interest income ratio of 25.1%, and a cost-to-income ratio (CIR) of 44.7%.
Considering the support of lower crediting costs, that is 22 basis points, lower than the 23 basis points in 2023, we have raised our core net profit growth expectation from 6.8% to 7.8%, while the average return on equity (ROE) of the banking industry is expected to be 10.4%.
Question: Can maintain low inflation this year.
Analysts pointed out that the overall inflation rate last year was 2.5%. The bank's economists have already lowered their inflation forecast for 2024 from the previous 3% to 2%, and they expect inflation for 2025 to be in the range of 2.5% to 3%, due to the expected implementation of targeted fuel subsidies next year.
Although the current deposit interest rate has a positive return, given the prospect of rising inflation next year, it means that the central bank is unlikely to cut interest rates in the short term...
Translated
16
1