“ “When interest rates are zero or close to zero, then gold is an attractive medium because you don’t have to worry about not getting interest on your gold and you see that the price of gold will increase as uncertainty increases in the markets.” . “ – Mark Mobius …
Read More »European stocks plummet as Wall Street tech sell-off and US-China tensions scare investors
German semiconductor maker Infineon was one of the most downed on Friday when European tech stocks plummeted. Matthias Balk / Agence France-Presse / Getty Images European stocks fell sharply on Friday as tech stocks fell and investors were no longer able to avoid mounting tensions between the United States and …
Read More »Stocks under pressure after jobless claims rise, all eyes on Washington’s stimulus efforts
US stocks fell on Thursday after the data showed no real improvement in weekly unemployment data with coronavirus cases increasing further in many states, though Senate and White House Republicans announced progress toward a deal on another financial aid package for businesses and households affected by the pandemic. However, investors …
Read More »“We want a stable dollar,” says US Treasury Secretary Mnuchin: “It is the world’s reserve currency and we are going to protect that.”
Treasury Secretary Steven Mnuchin says the Trump administration’s goal is a stable US dollar, while, separately, he notes that some foam is seeping into the stock market that has risen from its coronavirus lows to end of march. “ “Clearly there are some individual stocks, I’m not going to mention …
Read More »Dow leans more when investors watch tensions between China and the US, while investors watch Tesla earnings, Microsoft
US stocks rose slightly at the start of trading on Wednesday as investors braced for the corporate results of major corporations, including Tesla and Microsoft after the close, and watched the increase in Sino-US tests. . Market participants are also concerned about the state of congressional negotiations on another financial …
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