02/02/2024 – Morning Note

Key News Overnight: Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to fall below those on longer-term debt, analystsRead more

Key News Overnight: Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month, when their assessment of job-market health will be key to howRead more

Key News Overnight: U.S. construction spending fell more than expected in July as higher mortgages and increased supply weighed on single-family homebuilding. In this issue: Ora Banda Mining (OBM) | Higher grades drive upgrades atRead more

Key News Overnight: Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal ReserveRead more

Key News Overnight: The Dow notched a record high close on Thursday in mixed trading following robust U.S. economic data, while artificial intelligence chipmaker Nvidia dropped after its largely in-line forecast failed to impress investors. In thisRead more