Jerry Lin
The Latest
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IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts Outlook for China and Eurozone
The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast. 
The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast. -
Oil Prices Climb Amid China's Economic Stimulus and Ongoing Middle East Tensions
Oil prices rose again on Tuesday, with Brent crude hitting $75 per barrel as markets reacted to China's latest economic stimulus measures and concerns over potential supply disruptions from ongoing tensions in the Middle East. Investors are weighing the effects of a possible ceasefire in the Gaza conflict alongside China's efforts to reignite its economy, both of which are driving crude prices higher after last week's selloff. 
Oil prices rose again on Tuesday, with Brent crude hitting $75 per barrel as markets reacted to China's latest economic stimulus measures and concerns over potential supply disruptions from ongoing tensions in the Middle East. Investors are weighing the effects of a possible ceasefire in the Gaza conflict alongside China's efforts to reignite its economy, both of which are driving crude prices higher after last week's selloff. -
Bitcoin Approaches $70,000 as Inflows into ETFs Boost Market Sentiment
Bitcoin surged close to the $70,000 mark on Monday, fueled by optimism surrounding the upcoming U.S. presidential election and strong inflows into exchange-traded funds (ETFs). The largest digital asset saw its price rise by 1%, briefly touching $68,252, before paring some of the gains in early New York trading. Smaller cryptocurrencies, including Ether and Solana, traded within narrow ranges, reflecting the cautious but bullish sentiment in the market. 
Bitcoin surged close to the $70,000 mark on Monday, fueled by optimism surrounding the upcoming U.S. presidential election and strong inflows into exchange-traded funds (ETFs). The largest digital asset saw its price rise by 1%, briefly touching $68,252, before paring some of the gains in early New York trading. Smaller cryptocurrencies, including Ether and Solana, traded within narrow ranges, reflecting the cautious but bullish sentiment in the market. -
Gold Hits Record High as Investors Seek Safe Haven Amid Global Uncertainty
Gold rallied for a fifth consecutive day on Monday, reaching a record high amid growing global uncertainties tied to the U.S. election, escalating tensions in the Middle East, and expectations of central banks cutting interest rates. Silver also saw significant gains, hitting its highest level in nearly 12 years as investors flocked to safe-haven assets to protect against market volatility. 
Gold rallied for a fifth consecutive day on Monday, reaching a record high amid growing global uncertainties tied to the U.S. election, escalating tensions in the Middle East, and expectations of central banks cutting interest rates. Silver also saw significant gains, hitting its highest level in nearly 12 years as investors flocked to safe-haven assets to protect against market volatility. -
Oil Prices Rebound After Steep Decline Amid China's Stimulus Measures
Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday trading in London. Last week, Brent fell by more than 7%, while WTI declined by around 8%, marking the contracts' largest weekly losses since early September. 
Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday trading in London. Last week, Brent fell by more than 7%, while WTI declined by around 8%, marking the contracts' largest weekly losses since early September. -
Gold Surpasses $2,700 as Middle East Conflict Spurs Safe-Haven Demand
Gold surged past the $2,700 mark for the first time on Friday, driven by growing safe-haven demand amid escalating tensions in the Middle East and expectations of further monetary easing by major central banks. Spot gold rose by 0.6% to $2,709.81 per ounce by midday, briefly touching an all-time high of $2,714 earlier in the session. U.S. gold futures also gained 0.7%, reaching $2,725. 
Gold surged past the $2,700 mark for the first time on Friday, driven by growing safe-haven demand amid escalating tensions in the Middle East and expectations of further monetary easing by major central banks. Spot gold rose by 0.6% to $2,709.81 per ounce by midday, briefly touching an all-time high of $2,714 earlier in the session. U.S. gold futures also gained 0.7%, reaching $2,725. -
Oil Prices on Track for Largest Weekly Decline Since September Amid Demand Concerns
Oil prices are set to experience their largest weekly decline in over a month, driven by concerns about weakening global demand, particularly from China, and a reduction in immediate supply risks from the ongoing conflict in the Middle East. As of Friday, Brent crude futures had slipped by 0.44% to $74.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell by 0.4% to $70.41 a barrel. Both benchmarks are on track for a drop of more than 6% this week, marking the biggest decline since early September. 
Oil prices are set to experience their largest weekly decline in over a month, driven by concerns about weakening global demand, particularly from China, and a reduction in immediate supply risks from the ongoing conflict in the Middle East. As of Friday, Brent crude futures had slipped by 0.44% to $74.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell by 0.4% to $70.41 a barrel. Both benchmarks are on track for a drop of more than 6% this week, marking the biggest decline since early September. -
Gold Prices Hit Record Highs as U.S. Election Uncertainty and Global Tensions Drive Safe-Haven Demand
Gold prices surged to record highs on Thursday, driven by a combination of geopolitical unrest and uncertainty surrounding the upcoming U.S. presidential election. Investors flocked to the safe-haven asset as concerns about the Middle East conflict and a potentially volatile election season in the U.S. intensified. Additionally, ongoing monetary policy easing by central banks further supported gold's rise, pushing the precious metal beyond the $2,700 per ounce mark. 
Gold prices surged to record highs on Thursday, driven by a combination of geopolitical unrest and uncertainty surrounding the upcoming U.S. presidential election. Investors flocked to the safe-haven asset as concerns about the Middle East conflict and a potentially volatile election season in the U.S. intensified. Additionally, ongoing monetary policy easing by central banks further supported gold's rise, pushing the precious metal beyond the $2,700 per ounce mark. -
Japan’s Exports Decline for First Time in 10 Months Amid Global Economic Slowdown
Japan's exports fell for the first time in 10 months in September, highlighting the challenges faced by the country's economy amid a global slowdown. Data released by the Ministry of Finance on Thursday revealed a 1.7% decline in exports year-over-year, missing market expectations for a modest 0.5% increase. The drop, driven by weak demand in China and the United States, raises concerns about Japan's economic outlook and complicates the central bank's monetary policy trajectory. 
Japan's exports fell for the first time in 10 months in September, highlighting the challenges faced by the country's economy amid a global slowdown. Data released by the Ministry of Finance on Thursday revealed a 1.7% decline in exports year-over-year, missing market expectations for a modest 0.5% increase. The drop, driven by weak demand in China and the United States, raises concerns about Japan's economic outlook and complicates the central bank's monetary policy trajectory. -
ECB Cuts Rates to 3.25% as Inflation Falls Below Target, Stimulus Efforts Continue
The European Central Bank (ECB) reduced its key interest rate to 3.25% on Thursday, marking the third quarter-percentage-point cut this year. The move, which had been anticipated by markets, reflects the ECB's ongoing efforts to stimulate the eurozone economy amid signs of slowing inflation and weaker growth prospects. 
The European Central Bank (ECB) reduced its key interest rate to 3.25% on Thursday, marking the third quarter-percentage-point cut this year. The move, which had been anticipated by markets, reflects the ECB's ongoing efforts to stimulate the eurozone economy amid signs of slowing inflation and weaker growth prospects.
