Sibanye obviously realizing that battery power is the future, so they continue their drive toward “battery” metals. So, After recently investing in a lithium project in Finland, they have taken…
Unum Capital/Bloomberg: South African Stocks Fall From Record as Anglo, BHP Lead Retreat [30 July 2021]
South African stocks dropped from a record,joining peers in Asia in retreating as traders weighed signs ofa slowdown ahead for megacap technology companies and risks fromChina’s regulatory crackdown.The FTSE/JSE Africa…
Oil was down Friday morning in Asia but was set to post solid gains as the week and month wraps up. Fuel demand is growing faster than supply, while vaccination rates dampened the impact of a resurgence in COVID-19 cases globally.
The dollar was up on Friday morning in Asia but remained near a one-month low. The U.S. Federal Reserve maintained a dovish stance in its latest policy decision, and disappointing U.S. economic data also curbed the U.S. currency’s month-long rally.
Gold was down on Friday morning in Asia. However, the yellow metal remained near a two-week high and is set to end the week with its biggest weekly gains since May 21 over signs that the U.S. Federal Reserve is unlikely to begin asset tapering and hike interest rates in the short term.
U.S. stocks ended higher on Thursday, boosted by robust U.S. earnings and forecasts, while data showed the economy recovered to pre-pandemic levels in the second quarter.