Thursday witnessed silver prices inching up to close at $23.82 in a session marked by low trading volumes but maintaining weekly highs. Market participants are closely monitoring the precious metal as it approaches key resistance levels, with the immediate focus on the $24 mark and a further eye on June’s…

Investing.com– Most Asian currencies rose slightly on Wednesday as weak U.S. labor data spurred continued bets on early interest rate cuts by the Federal Reserve, helping investors look past persistent concerns over China’s economy. showed U.S. job openings declined in October, pushing up hopes for a prolonged cooling in the…

Source: sidneydealmeida/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform – following a deal that will let them trade USD Coin (USDC). Per Brazil’s Livecoins, the bank has apparently “responded to calls from the Brazilian Bitcoin community.” As such, the bank…

U.S. stocks will probably keep climbing next year, with S&P 500 companies in a stronger position to adapt to higher interest rates than smaller ones, according to BofA Global Research.   BofA is forecasting that the S&P 500 will end 2024 at 5,000, which is up about 10% from the index’s…

© Reuters. Summit Materials (NYSE:), Inc. (NYSE:SUM), a mid-cap construction firm, has seen its stock price increase by over 10% in recent months. Currently trading with a price-to-earnings (PE) ratio of 13.19x, Summit’s valuation aligns with the industry average, suggesting that its shares are fairly priced compared to its competitors.…

The global beef market is experiencing a notable divergence, with North American cattle markets displaying resilience while southern hemisphere countries face significant price drops, according to the latest Rabobank Beef Quarterly Report. The report highlights a stable price environment in the United States and a 3% increase in Canada between…

TOKYO – The currency pair showcased resilience in Asian session on Wednesday, stabilizing above its three-month lows in the mid-147 range. This steadiness comes as US Treasury yields experience slight increases and the Bank of Japan’s (BoJ) Deputy Governor Ryozo Himino maintains a dovish stance, emphasizing the continuation of easy…

Source: I/Adobe The Russian Central Bank is playing down talk of a 2024 rollout for its digital ruble – insisting that the coin will not be ready for nationwide use before 2025. Per Tass, the bank’s press service said that while it was ready to go ahead with an “expansion”…

S&P 500 earnings can turn higher in 2024 even with lingering macroeconomic concerns that have some economists anticipating a recession next year, according to equity analysts in Citigroup’s research business. Citi Research projects that the S&P 500’s earnings per share may increase to around $245 next year, up about 11%…

© Reuters. Talanx Group’s expansion in the Latin American market has taken a significant leap with the completion of its Liberty Seguros Brazil acquisition through its subsidiary, HDI International. The transaction not only propels HDI to a top position in the property and casualty (P&C) insurance sector but also promises…