Global Stock Market Update: Mixed Results as Wall Street Caps Strongest Week of the Year
European stocks opened strong, while Asian markets took a downturn following Wall Street’s best week in a year. China’s latest economic stimulus package fell short of investor expectations, creating mixed reactions worldwide. European Markets Open Higher European stocks rose in early trading: Meanwhile,
Gold Prices Dip from Near-Record Highs Amid Uncertain US Fed Rate Cut Expectations
Gold Price Update On September 7, 2024, gold prices dropped from near-record highs due to mixed US job data, which has cast doubt on a significant interest rate cut by the Federal Reserve. After approaching a peak of $2,531 per ounce, gold prices
Pakistan’s Foreign Exchange Reserves Climb to $9.4 Billion
On September 5, 2024, the State Bank of Pakistan reported that its foreign exchange reserves totaled approximately $9.4 billion as of August 30. This marks an increase of $33 million from the previous week. The bank also noted that net foreign reserves held
China Stock Market Set for More Losses Amid Global Economic Worries
Market Overview The Chinese stock market has been declining for several days, losing about 40 points or 1.4%. The Shanghai Composite Index is now just above 2,800 points and is expected to fall further on Wednesday. Global Impact Global economic concerns are affecting