Today's Business Blitz- "Gold Soars on Fed Rate Cut, Iran's President Missing After Helicopter Crash, China Stocks Surge, Pakistan Halts Trade with India, and Copper Prices Hit Record High"
20th May, 2024
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1. “Gold Soars to New Heights: How Fed's Anticipated Rate Cut is Boosting Demand”
Gold hits all-time high as market anticipates US rate cuts.
US dollar weakens, Treasuries rally after inflation data.
Hedge funds increase bullish bets on gold.
Geopolitical risks in Russia and the Middle East support haven demand.
Silver also near 11-year high due to strong rally and tightening supply.
#COS #WWTOPAM #TOP #bqmetered #ALLTOP #WORLD #INDUSTRIES #GOV #INDIA #MARKETS #WWTOPAS #Markets #CMDTOP #FRX #BASIC #BUSINESS #TRN #INDUSTRIAL #NRG #ASIA #WWTOP #CMD #OIL #BON #METMNG #Bloomberg
2. “Breaking News: Iran's President Reportedly Unaccounted For Following Helicopter Crash, State Media Cites No Survivors”
Iranian President Raisi's helicopter crashed in northwestern Iran.
State media reports "no signs of life" at the crash site.
Crash site identified as a US-made Bell 212 helicopter.
Turkish drone located potential wreckage with heat source.
Iran Red Crescent confirms helicopter location, but situation "not good."
Foreign Minister Hossein Amir-Abdollahian also on board.
#Notifications #Politics #bqmetered #World
3. “Overseas Investors Flock to China Stocks: A Surge Triggered by Housing Policy Shifts”
Key Facts:
Overseas buyers purchased $1.9 billion in Chinese A-shares after housing market measures.
Home prices in April saw a decade-high monthly drop.
Bloomberg China developers index rose 22% in the previous three sessions.
Key Personalities:
Xi Jinping, Chinese President
Bloomberg Intelligence analysts
#COS #TOP #bqmetered #ALLTOP #WORLD #FIN #INDUSTRIES #STK #GOV #MARKETS #Markets #CHINA #FRX #World #Bloomberg #CST #BUSINESS #INDUSTRIAL #ASIA #billion #China #Business #Global Economics #REL #HK
4. “Impact Alert: Pakistan Halts Trade with India Citing 'Heavy Duties' - What This Means for International Relations”
Pakistan halts trade with India since 2019 due to India's heavy duties after the Pulwama attack.
India imposed 200% duty on Pakistani imports, suspended Kashmir bus service, and trade across the LOC.
Pakistan downgraded diplomatic ties after India revoked Article 370 in 2019.
Foreign Minister Ishaq Dar emphasizes Pakistan's desire for constructive dialogue with India.
India maintains the onus is on Pakistan to address terrorism concerns for improved relations.
#PTI #World #Business #bqfree #Global Economics
5. “Copper Prices Skyrocket to All-Time High Amid Anticipated Supply Crunch”
Copper prices surge to record $10,848 per ton on London Metal Exchange.
Investors anticipate supply shortages due to mining setbacks and expect higher demand from the energy transition.
Global copper market faces a massive squeeze in New York, leading to metal rerouting to the US.
Supply disruptions and price rally drive financial investor interest.
#COS #WWTOPAM #TOP #WWTOPEU #bqmetered #ALLTOP #WORLD #INDUSTRIES #STK #MARKETS #WWTOPAS #Markets#BASIC#BUSINESS#WWTOP#CMD#Business#METMNG#Bloomberg
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