Australia’s Inflation Rate Falls to 2.4% in Q4 2024
Australia’s inflation rate dropped to 2.4% in Q4 2024, down from 2.8% in Q3, marking the lowest level since Q1 2021. This decline was slightly better than market expectations of 2.5%. The primary driver behind this slowdown was a significant...
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US Durable Goods Orders Decline in December 2024
In December 2024, the US Durable Goods decline in new orders for manufactured durable goods, with total orders falling 2.2% month-over-month, reaching $276.1 billion. This decrease marked a significant departure from market expectations, which had forecast a modest increase of...
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Nvidia’s $593 Billion Loss: A Record-Breaking Market Drop
On Monday, Nvidia made history for all the wrong reasons. The tech giant’s stock plummeted by a staggering 16.9%, resulting in a $593 billion loss in market value—marking the largest one-day drop in U.S. stock market history. This sudden decline...
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Business Confidence Trends in Australia: December 2024
In December 2024, Business Confidence Trends in Australia index saw a slight improvement, ticking up to -2 from -3 in November. While this marks the second consecutive month of negative sentiment, the marginal improvement suggests a cautiously optimistic outlook among...
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Gold and Precious Metals Prices Decline as the US Dollar Gains Strength
Gold prices fell in early Asian trading on Monday, reversing the significant gains seen last week, as the US dollar strengthened in response to escalating trade tensions between former President Donald Trump and Colombia. Investors are also awaiting the Federal...
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