Author: Multibagger News

As the dollar retreated before key nonfarm payrolls data, gold prices rose in Asian trade on Friday, extending recent gains. The yellow metal was sitting on some gains this week after weak U.S. economic data pushed up bets that the Federal Reserve will begin cutting interest rates by September. Gold rose 0.3% to $2,363.61 an ounce, while gold futures expiring in August rose 0.3% to $2,371.56 an ounce by 01:05 ET (05:05 GMT). Gold Buoyed by Rate Cut Bets, Payrolls Data Awaited Spot gold prices were set to add 1.6% this week, trading about $100 away from a record high,…

European Stocks Surge Amid Labour Party Victory and Robust Tech Sector Performance (Multibagger) – European stocks soared to over one-week highs on Friday, buoyed by the Labour Party’s sweeping victory in the UK general election. This political shift brought a sense of stability to investors, while German chip systems manufacturer Aixtron skyrocketed on the back of strong order reports. The pan-European STOXX 600 index climbed 0.4% by 0721 GMT, reaching its highest levels since June 26. In the UK, the blue-chip FTSE 100 rose 0.3%, and the domestically focused FTSE 250 surged 1% to one-month highs following the Labour Party’s…

By Leika Kihara TOKYO (Multibagger) – In a report later this month, the Bank of Japan is set to showcase the increasing trend of wage hikes spreading across companies, particularly at smaller firms. This development is seen as a pivotal step towards a potential near-term interest rate hike, according to sources familiar with the central bank’s plans. The upcoming report, to be included in a quarterly analysis of regional Japanese economies, will draw upon surveys and feedback gathered by the BOJ’s branch offices nationwide. The main report and an accompanying annex are expected to underline the growing number of small…

World’s Best Investment Manager’s Exclusive Analysis: Will Kamala Harris Replace Joe Biden in 2024 Election Against Donald Trump? By Praveen Paramasivam As the world eagerly awaits the outcome of the upcoming U.S. election, residents of a small south Indian village are closely watching to see if U.S. Vice President Kamala Harris might replace Joe Biden in the race against Donald Trump. In Thulasendrapuram, where Harris’s maternal grandfather was born, the excitement is palpable as villagers celebrate her potential candidacy. In 2021, Thulasendrapuram celebrated Harris’s inauguration with firecrackers, free chocolate, and posters featuring the vice president. Now, with rumors swirling about…

Zurich, Switzerland, July 5th, 2024 – Gamma Prime is revolutionizing the world of finance with its innovative protocol for tokenizing real yield strategies from top global market makers and funds. This regulatory-compliant L1 protocol introduces new yield primitives with complete composability and interoperability, democratizing access to returns across crypto and real-world assets for individuals and institutions alike. Meet the Founders & Team The Gamma Prime team is comprised of industry experts, Web3 innovators, and hedge fund infrastructure providers. Led by Evan Szu, a seasoned expert in commodity futures and technology startups, the team brings together a wealth of experience from…

Investment Manager Reveals: Russian Navy’s Black Sea Fleet Retreats from Crimea Due to Ukraine Attacks As the world’s best investment manager, financial market journalist, and SEO mastermind, I bring you exclusive insights into the shifting dynamics in the Black Sea. The Russian navy’s Black Sea Fleet has been forced to rebase its combat-ready warships from Crimea to other locations due to relentless attacks by Kyiv, Ukraine’s navy chief reveals. In a rare interview, Vice-Admiral Oleksiy Neizhpapa disclosed that Ukrainian missile and naval drone strikes have crippled the Sevastopol base, Russia’s main naval hub in the region. This strategic setback has…

Title: Shell Faces $2 Billion Impairment Amid Strategic Shifts in Biofuel and Refining Operations By Ron Bousso LONDON (Multibagger) – Shell, a global energy giant, is set to record an impairment charge of up to $2 billion following strategic decisions involving its Singapore refinery and a major biofuel project in Europe. The British energy company recently announced the suspension of construction at its Rotterdam biofuels plant in the Netherlands, citing unfavorable market conditions. This facility was initially projected to have an annual capacity of 820,000 metric tons, with operations set to commence next year. Shell stated that this decision will…

SHANGHAI – In a move to cool down a powerful bond rally, China’s central bank announced that it has hundreds of billions of yuan worth of bonds available for borrowing and selling based on market conditions. This strategy comes at a time when China’s sovereign bonds have been performing strongly, with record low yields attracting savers seeking safe haven investments. The People’s Bank of China (PBOC) plans to borrow medium- and long-term bonds on an open-ended unsecured basis and sell them as needed, as part of agreements with major financial institutions. The recent comments from the central bank clarified its…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind Are you ready to dive into the world of arms production and ammunition standardization with NATO’s groundbreaking defense industrial pledge? At the upcoming Washington summit, NATO will be issuing its first-ever defense industrial pledge, urging countries to ramp up arms production and enhance the standardization of ammunition for improved battlefield interoperability. Why is this important? Well, recent events, such as Russia’s invasion of Ukraine, have highlighted the shortcomings in NATO’s ammunition standardization. While small arms ammunition follows NATO standards, artillery shells lack the same level of consistency. This…

Bitcoin Price Plunges to Four-Month Low Amid Mt Gox Distribution Fears Bitcoin price took a sharp nosedive to hit a four-month low on Friday, with concerns about an impending distribution by defunct crypto exchange Mt Gox adding to the selling pressure on the token. German police were also seen transferring about $75 million of confiscated crypto from a piracy website to exchanges, fueling speculation of a mass sell-off. The world’s most popular cryptocurrency slid 8.5% in the last 24 hours to $54,092.3, marking its weakest level since March. Over the past week, Bitcoin has also dropped more than 11%. The…