Brazilian President Luiz Inacio Lula da Silva said that after a meeting with his Argentinian counterpart Alberto Fernandez, the two countries have renewed talks on creating a common currency. They agreed that using the US dollar was harmful to trade. The assessment is that if the dollar stays the only currency, there will be problems …
On Wednesday, copper prices tumbled as China’s economy weakened amid rising Covid infections and a decline in industrial production. The copper futures for March delivery fell by 0.18% to $4.22 per pound in the Asian afternoon session. Industrial production contracted by 1.30%, surpassing the analysts’ expectation of 0.80%. The latest report worsened from the 2.20% …
Copper Prices Fell Amid China’s Weak Economic Data Read More »
Samsung Electronics plans to raise chip production capacity at its biggest semiconductor plant in 2023 despite forecasts of an economic slowdown. This decision contradicts the scaling back of investment from its competitors due to declining demand and chip surplus. Analysts believe that Samsung’s persistence with its investment plans would help it take market share in …
Samsung Plans to Increase Chip Production Capacity in 2023 Read More »
Gold prices bounced back the $1,800 level on Tuesday, having fallen below key levels earlier in the day as concerns over higher interest rates and a possible global recession next year prompted investors to seek the US dollar and Treasury yields, with the broader metal market also weakening. Spot gold gained 1% to $1,807.24 per …
Gold Bounces Back $1,800 after Falling on Rate Hike Concerns Read More »
Salesforce stocks dropped on Monday trading amid the announcement of CEO Stewart Butterfield’s departure. On December 05, the cloud-based firm’s shares dived by 7.35% to $133.93 apiece. However, it is expected to soar by 0.05% to $134.00 per share in Tuesday’s session. The software firm continued to trade at its lowest since the early days …
Alibaba founder Jack Ma was reportedly in Tokyo for almost six months during China’s tech firms and powerful businessmen crackdown. Two years ago, Jack Ma criticized the country’s policy toward tech companies before disappearing from the public eye. At that time, he accused China’s state banks of having a pawnshop mentality and stifling innovation. Naturally, …
The commodities market and commodity derivative contracts have been developing regularly for 25 years. They allow investors to diversify their assets. Also, these contracts are today available to retail investors thanks to many brokerage platforms. For the rest of the commodity derivatives contracts, their execution takes place on the stock exchanges. The demographic growth and …
The commodity market makes part of global financial markets. Generally speaking, the financial market is where buying and selling various assets takes place. To get to grips with the commodity market, let’s start with the commodity meaning definition. The commodity market represents the market where buying and selling raw products, i.e.commodities, occurs. Today, there are …
What are Commodity Markets and How Do They Operate? Read More »
Have The Best Of Trade Market News Delivered Directly To Your
Mailbox. Subscribe To Receive The Latest Market News.
Disclaimer:
TradeMarketNews.com provides information and news solely for reference purposes. The accuracy, relevance, and completeness of any information and news may vary and cannot always be guaranteed. Readers are responsible for their use of such data (as stated in the ToS) and its appropriateness for the user.
Email: [email protected]
Connect with: trademarketnews
