China Q1 GDP grows 5.3%, more than expected
-- The Chinese economy grew more than expected in the first quarter of 2024, as sustained government stimulus measures helped spur some improvement in business...
-- The Chinese economy grew more than expected in the first quarter of 2024, as sustained government stimulus measures helped spur some improvement in business...
The sudden rise of chaos in the market due to geopolitical risks brightened the appeal for safe haven assets.
Gold prices have shot up to historic highs – outshining broader markets and driving up demand for gold ETFs. Investors often use gold ETFs to diversify away from stocks and bonds. Gold has the lowest correlation to the S&P 500 of all asset classes. The precious metal has also proven a popular hedge against geopolitical [...]
Total platform ETF assets top $2 trillion and total client assets top $9 trillion.
This top-performing semiconductor exchange-traded fund's (ETF's) largest holding is Nvidia stock, which accounts for 20% of its total portfolio.
Last week's CPI data brings these ETFs back into the picture.
- The U.S. dollar edged lower in early European trade Monday, but remained elevated amid uncertainty over Federal Reserve rate cuts and with heightened Middle East...
For the first time in more than a decade, U.S. Treasury securities offer meaningful yields.
According to Bloomberg, Hong Kong has granted preliminary approvals for asset managers to launch spot-Bitcoin and Ether exchange-traded funds. This decision has positively impacted both digital assets and the broader cryptocurrency market. The Hong Kong unit is competing with Singapore and Dubai to become a hub for digital-asset firms. This comes after the implementation of a regulatory framework for virtual-asset service providers last year. The cryptocurrency market experienced a surge following the authorities' approval of spot funds. Bitcoin saw an increase of up to 4.3%, reaching approximately $66,629. Concurrently, Ether experienced a 6.1% increase, hitting $3,257. This development underscores Hong Kong's commitment to fostering a conducive environment for digital-asset firms and the growth of the cryptocurrency market.
XLF is up 7.5% this year despite a 5% decline in America’s biggest bank on Friday.