Top Gap Ups and Downs on Monday: AAPL, OKE, SWKS and More
ing groep raises its gold price forecast: the average price is expected to be $2700 in 2025.
ING Groep said that the rise in gold has just begun, and the interest rate cut by the Federal Reserve has brought new impetus to the gold price. It is expected that the average gold price in 2025 will be $2,700.
After the first election debate, Trump's trade has cooled further.
Traders are further closing positions related to bets on Donald Trump winning the election. Market observers believe that Tuesday night's debate increased the chances of Kamala Harris winning. The stock price of Trump Media & Technology Group Corp. plummeted 12% in pre-market trading in the USA, and the bitcoin favored by the former president also fell slightly. The Bloomberg usd index fell by 0.2%. Given that Trump plans to punish countries that avoid using the dollar, the possibility of Trump winning is to some extent helpful for the dollar to strengthen. Meanwhile, a European green energy...
The employment report does not resolve the dispute over the extent of the rate cut by the Federal Reserve. Attention is now turning to inflation data and the election debate.
Us Treasury bonds fell in early trading on Monday, with traders focusing on the upcoming US inflation data later this week to find further clues about the extent of the Fed's rate cut this year. The yield on the two-year Treasury bond, which is most sensitive to changes in policy prospects, rose by 6 basis points to 3.71%, while the yield on the 10-year Treasury bond rose by as much as 5 basis points to 3.76%. The market's expectation of a 50 basis point rate cut by the Fed at the upcoming September meeting has dropped from as high as 50% last week to around 20%. Although last Friday's US labor market data showed a cooling economy, policymakers' subsequent speeches did not provide clear support for a significant rate cut.
Top Gap Ups and Downs on Friday: AVGO, BHP, SONY and More
ING Groep Nears Completion of Major Buyback
Berenberg Bank Maintains ING Groep(ING.US) With Buy Rating, Announces Target Price $22.5
Berenberg Bank Sticks to Their Buy Rating for ING GROEP (0RIC)
Daily short sale tracking: Walgreens Boots Alliance's short volume increased by 6 million, with a short sale ratio of 18%
European Equities Traded in the US as American Depositary Receipts Higher in Tuesday Trading
Germany's economy shrank in the second quarter, dragged down by declining investment and consumer spending.
Impacted by the decline in investment and consumer spending, the German economy came under pressure in the second quarter, quashing hopes of breaking free from years of stagnation. Data released by the German statistics office on Tuesday showed a 0.1% quarter-on-quarter contraction in GDP, with a 2.2% decline in capital investment and a 0.2% drop in private consumption. Meanwhile, government spending increased by 1%. Despite a robust start to the year, Germany’s struggle to maintain growth momentum is evident. Recent indicators suggest a deterioration in business confidence, particularly in the crucial manufacturing sector. The Ifo business expectations index continued its third consecutive monthly decline in August, prompting a warning from its president Clemens Fuest about Germany's economic outlook.
Top Gap Ups and Downs on Friday: BABA, PDD, INTU and More
ING Groep Advances in Multibillion Share Buyback
ING GROEP Advances Share Buyback Program
European Banks' Net Interest Income Momentum May Have Stalled -- Market Talk
Gold prices approach record highs, pay attention to US inflation data.
Gold rose slightly to near record highs, as investors await key inflation data that could prompt the Federal Reserve to cut interest rates next month. The price of gold briefly touched a high of $2478.61 per ounce, less than $5 away from the record high set last month. Traders are focused on the Consumer Price Index, which will be released later on Wednesday, for more clues on the Fed's interest rate path. The Producer Price Index released by the US on Tuesday was lower than expected by economists, indicating that inflation pressure is easing and therefore enhancing expectations of a rate cut. Atlanta Fed President Raphael Bostic said he would like to see "more one" before supporting a rate cut.
Deutsche Bank Remains a Buy on ING GROEP (0RIC)
ING Groep Advances in Multi-Billion Share Buyback
ING GROEP (0RIC) Receives a Hold From DZ BANK AG
ING Group: Gold's rise may not be over, with a Q4 peak of $2,450 in sight.
Ewa Manthey, a commodity strategist at ING Group, said that in the environment of continued geopolitical uncertainty and expectations of a rate cut in the United States, gold is expected to regain its footing.