EUR/USD 1.12117
0.497%
Gold 4156.50
1.257%
Oil 94.625
0.620%
USD/JPY 157.683
-0.402%
GBP/USD 1.32520
0.450%
GBP/JPY 208.966
0.055%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
October 15th - As chip stocks have lost $1 trillion in market capitalization, ETF investors are pouring billions of dollars into the market amid the decline, with one fund offering 3x daily exposure to the semiconductor sector poised to record inflows this week. Compiled data shows that the $72 billion VanEck Semiconductor ETF has attracted over $430 million in inflows over the past three trading days, potentially marking its largest weekly inflow since early September. Some investors are even more aggressive; despite the Direxion Daily Semiconductor Bullish 3x ETF, which has seen a nearly 21% drop this week, it still saw approximately $3.8 billion in inflows. For this $19 billion fund, this inflow is enough to set a new record for its largest weekly performance. However, the market backdrop is not optimistic. The Philadelphia Semiconductor Index has fallen 12% over the past six trading days, wiping out approximately $1 trillion in market capitalization, due to continued investor concerns about artificial intelligence spending and increased global competition. Concerns about overvaluation and rising interest rates have further exacerbated the sectors volatility. Todd Sohn, chief ETF strategist at Baird Strategas, stated, "The semiconductor stock pullback has accelerated again, but this hasnt really dampened investor demand for leveraged buying on dips."Market sources indicate that the World Economic Forum may appoint Christine Lagarde (current president of the European Central Bank) as its new chair as early as November.Russias central banks gold and foreign exchange reserves totaled $723.5 billion for the week ending October 9, compared with $733.2 billion in the previous week.October 15th - British consumers are showing increasing financial pressure as fuel, energy, and mortgage costs soar, with the potential tax increase in this months budget likely to further burden households. Growing signs indicate that British households are facing increasing financial strain, with many forced to increase borrowing to make ends meet. Others are opting to increase savings. As summer political optimism and World Cup fervor fade, the Middle East conflict and its growing impact on household budgets are raising further concerns. Despite the unexpected resilience of the British economy, as evidenced by strong GDP figures released on Thursday, consumer confidence is stalling, and retailers are extending promotional activities. Consumers are reducing dining out and large-ticket purchases, instead focusing their spending on smaller, more pleasurable purchases such as cosmetics and upscale supermarket meals.Japanese Finance Minister Satsuki Katayama: Informed the G20 that market trends need to be closely monitored.

International gold prices hit a one-month high, US inflation is high, FED has not yet eliminated internal strife

Oct 26, 2021 11:03

On Thursday (October 14), the international gold price hit a new high of US$1,797.59 per ounce since September 15. The US consumer price index rose further in September. The Fed’s decision-makers still have differences in judging the threat of high inflation. The US dollar index and US bond yields The rate continues to fall.

At GMT+8 16:42, spot gold rose 0.14% to 1,795.51 US dollars per ounce; the main COMEX gold contract rose 0.10% to 1,796.5 US dollars per ounce; the U.S. dollar index fell 0.20% to 93.834.


The US consumer price index rose by 5.4% year-on-year in September, and may strengthen further amid soaring energy prices. This may force the Fed to act as quickly as possible to normalize monetary policy.

The minutes of the Fed’s September meeting show that the Fed may begin to reduce stimulus measures in mid-November. Although more and more policymakers worry that high inflation may last longer than expected, they still have differences on how quickly they need to raise interest rates to deal with high inflation.

U.S. President Biden urged the private sector on Wednesday to help alleviate congestion in the supply chain that could disrupt the holiday season in the United States, and said that the White House plans to inspect the blocked system nationwide.

White House officials said that Americans may face price increases due to supply chain issues, and there may be vacancies in store shelves this Christmas shopping season. White House spokesperson Psaki told reporters that Biden cannot guarantee that there will be no shortages during the holiday shopping season.

Goldman Sachs Chief Operating Officer John Waldron said in an online dialogue held by the International Finance Association (IIF) on Wednesday that he believes that inflation is the number one risk that may damage the global economy and stock markets. The short-term risks to economic recovery are still from the possible long-term risks to emerging markets."

Jeffrey Halley, senior market analyst for OANDA Asia Pacific, said: "I expect the U.S. dollar and long-term interest rates will resume their climb sooner or later, while the gold rally will begin to fade as soon as possible. The 100-day and 200-day moving averages are between $1795.00 and $1800.00. I believe that this area will become a huge obstacle to further increases in (gold prices)."

According to people familiar with the matter, in the face of rising energy costs worldwide, the White House has been discussing with US oil and gas producers in recent days how to help reduce rising fuel costs.

But industry insiders said that any call from the White House to increase production may fall on deaf ears. The industry is also dissatisfied with some of President Biden’s earlier actions, including a suspension of drilling on federal land.

Suggestion