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Market News

Location American Market News for 9 December 2024
Hong Kong's Hang Seng Index fell 0.8% to 19711.80 in early trade.
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The Japanese yen strengthened against most G-10 and Asian currencies in the morning trading amid prospects of a narrower rate gap between the U.S. and Japan.
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Gold Outlook Damped by U.S. Dollar Optimism

Wall Street Journal - 9 Dec 2024 02:30
An improving U.S.-dollar outlook has put the Commonwealth Bank of Australia's gold-price call of $3,000/troy ounce in 4Q 2025 in doubt.
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Government bond supply in the eurozone will remain at very high levels in 2025, but analysts expect ample demand from investors seeking decent yields and safe-haven assets.
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Barington is working with Thor Equities and wants the retail company to slash spending.
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Why Tariffs Could Really Pinch Retailers This Time

Wall Street Journal - 9 Dec 2024 12:30
While some retailers will pass costs on to consumers, others will take it on the chin.
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Matthew Tuttle was a bit player. Now he runs a red hot fund--but there are signs the T-Rex 2X Long MSTR Daily Target ETF isn't ready for prime time.
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Stocks Like Trump. Bonds Like Bessent Better.

Wall Street Journal - 9 Dec 2024 12:30
The election and its aftermath have driven large swings in Treasury yields.
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Is your credit card data safe online? Here are 5 ways to protect it Credit card security is essential with digital transactions. Always verify website security, avoid public Wi-Fi, and use two-factor authentication. Do not share card details through insecure methods. Remain alert to phis...
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Holiday Season Travel: 3 smart ways to minimise your vacation costs December vacations are pricey, but with proper planning, they can be affordable. Choose your destination wisely, book stays and flights in advance, and embrace local culture for a rewarding travel experience.
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Why banks flag business expenses paid on personal credit cards Maximising rewards on credit cards can be enticing, but it comes with conditions, especially for business owners. Banks track spending patterns to discourage the use of personal cards for business expenses.
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Personal loan for self-employed: What are the eligibility criteria, interest rates, and documents needed? Personal loans for self-employed persons require proof of income stability and a good credit score. Minimum income varies by lender, with loans ranging from ₹50,000 to ₹80 lakh. Interest rates range from 10.85% to 24...
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Personal Loan: How inflation influences your interest rates? Explore here Personal loan: The interest rates are affected by inflation and the repo rate set by the RBI. As inflation rises, borrowing costs increase, while a decrease in repo rates can lead to lower interest rates for consumers. U...
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Europe's Gas Price Falls on Steady Supply

Wall Street Journal - 9 Dec 2024 11:39
European natural-gas prices fell in early trade amid expectations of steady gas supply through the end of the year, but colder forecasts in January suggests stronger heating demand, which is expected to accelerate storag...
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Credit Cards: Fixed vs Variable APR - Pros, cons, and key insights Credit cards: It provide convenience, but APR is crucial for understanding borrowing costs. Fixed APR offers stability, while variable APR can lead to lower initial rates but varies with market changes. Recognizing these...
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Charge Card vs. Credit Card: Which one is right for you? Find out Credit cards: It allow borrowing up to a limit and offer flexibility with repayments, while charge cards require full payment each cycle, without interest. Understanding their differences helps in selecting the right opt...
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What are the tax implications of selling property without a PAN? If you do not have a PAN, the buyer is obligated to deduct tax at the higher of the prescribed rates - 20% as per Section 206AA of the Income Tax Act, 1961.
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Managing multiple credit cards? Here are 10 essential tips you need Credit cards: Maximize credit card benefits by understanding rewards while avoiding overspending. Strategically plan finances, budget monthly, and keep track of credit limits to manage multiple cards effectively.
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Can a personal loan fuel your entrepreneurial journey? Here's the truth Personal loans: They are unsecured borrowings that can help entrepreneurs fund their businesses. While they offer quick access to cash, borrowers must evaluate interest rates, repayment terms, and potential risks, as wel...
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My 'new' resolutions for 2025: Smarter investing ahead Financial success depends not just on what the markets do, but on the discipline and decisions an investor brings to the table.
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ESG investing remains fraught with challenges

livemint.com - 9 Dec 2024 07:19
ESG investing remains fraught with challenges Even as the assets under management in sustainable investing has touched new highs, the pace of growth has moderated. And in the US, the concept has become deeply politicised.
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Oil Rises; Outlook Remains Bearish

Wall Street Journal - 9 Dec 2024 03:36
Oil roses in early Asian trade, however, the near-term outlook remains bearish, said Hani Abuagla, XTB MENA's senior market analyst in an email.
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