Warren Buffett, known as the “Oracle of Omaha,” made headlines recently as it was revealed that he now owns the exact same number of shares of Apple as he does of Coca-Cola. This interesting observation came to light after a regulatory filing showed that Berkshire Hathaway’s equity holdings at the end of the second quarter
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The market sentiment seems to have shifted towards growth-related macro data rather than inflation risk. This change in focus could be attributed to the fear of a US recession or a hard-landing scenario, leading investors to prioritize economic growth indicators over inflation trends. The recent softer US retail sales data may exacerbate these concerns and
The article begins with the mention of gold prices rebounding after a post-CPI selloff, which pushed the metal down to around $2438/oz. The unexpected nature of this selloff is highlighted, as US CPI figures were below expectations. This raises questions about the market dynamics and investor sentiment towards gold prices. It is important to delve
The AUD/JPY cross has gained momentum near 97.55 in Thursday’s Asian session, registering a 0.36% increase on the day. This increase can be attributed to the positive impact of the Chinese July Retail Sales data on the Australian Dollar (AUD). Chinese Retail Sales rose by 2.7% year-over-year in July, surpassing market expectations and providing support
The US Retail Sales data has a significant impact on the market trends, especially on the USD/JPY pair. With the recent US CPI Report highlighting a bounce back in core services inflation, it has shifted the focus to the US labor market data and the overall US economy. This shift in focus has implications for
The Asian stocks were firm on Thursday, taking their lead from gains on Wall Street. Japan’s Nikkei rose 0.5%, while Australia’s stock benchmark was up 0.1%. Mainland Chinese blue chips also added 0.4%, however, Hong Kong’s Hang Seng slipped 0.3%. U.S. S&P 500 futures indicated a 0.1% increase after the cash index advanced 0.4% on