Gold prices have surged over 28% in 2024, reaching an all-time high above $2,600 per ounce, driven by global economic uncertainty and election-year volatility. Weekend trading allows investors to capitalize on market movements outside traditional hours, with IG offering unique features like no overnight interest charges. Traders are encouraged to stay informed, utilize technical analysis, and manage risks effectively to enhance their trading strategies.
IG
23:58 17.10.2024
EUR/USD and GBP/USD are expected to decline further following a weaker-than-expected UK inflation report, with EUR/USD targeting the August low of $1.0778 after falling below the 200-day SMA. Meanwhile, EUR/GBP shows signs of stabilization, bouncing back from recent lows. GBP/USD has dropped to a two-month low, with resistance now at the $1.3000 to $1.3022 range.
IG
23:54 17.10.2024
Glarner Kantonalbank (GLKB) shares have shown resilience, trading at EUR 23.85 with a 1.49% increase on October 17, 2024, and a 4.45% rise over the past month. Despite a year-on-year decline of 3.83%, the current price is 53.88% above the 52-week low. The bank plans to distribute a dividend of EUR 1.10 per share, yielding 5.09%, making it an attractive option for income-focused investors.
23:50 17.10.2024
Quebec's tobacco victims are set to receive $4.3 billion as part of a settlement with major tobacco companies, following a court ruling that mandated compensation for 100,000 individuals affected by smoking-related illnesses. The agreement, part of a larger $32.5 billion deal, includes provisions for additional compensation and the establishment of a charitable foundation to combat smoking-related diseases. Approval of the plan is pending from creditors on December 12, with further legal proceedings anticipated across Canada.
Simplismart has raised $7 million to enhance its end-to-end MLOps platform, which optimizes AI model deployment and performance. The company boasts a median throughput of ~350 tokens/second, significantly outperforming competitors like TogetherAI and Amazon Bedrock. With a goal to scale annual revenue to $10 million in 15 months, Simplismart targets AI-first enterprises while addressing orchestration challenges in AI deployment.
Since mid-September, Treasury yields have surged, with the 10-year reaching 4.18% from a low of 3.6%. The five-year and two-year yields also increased significantly, with key resistance levels identified. Despite recent pullbacks, a recovery rally is anticipated, potentially lowering yields to 3.25% for the five- and 10-year, and 3% for the two-year.
A South Florida advisory team managing over $470 million in assets has transitioned to UBS Private Wealth Management from J.P. Morgan. John Hardin and Katelyn O’Hara will join the Miami office, enhancing UBS's commitment to personalized service for ultra-high-net-worth clients. They will integrate into the Integra Partners team, which has grown its assets to over $7.2 billion since its own move from J.P. Morgan in 2021.
22:10 17.10.2024
Agilon Health, Inc. (NYSE: AGL) will release its third quarter 2024 financial results on November 7, 2024, after market close. A conference call is scheduled for 4:30 PM ET, accessible at (833) 470-1428 for U.S. participants and +1 (404) 975-4839 internationally, with a webcast available on their Investor Relations website.
Cleveland Clinic has commenced construction on a state-of-the-art training center for the Cavaliers, which will also serve the public, marking it as one of the largest performance complexes globally. This facility will enhance athlete care with advanced technology and data analytics while extending a 25-year partnership with the Cavaliers, emphasizing a commitment to health and community development.
Occidental Petroleum Corporation, a leading U.S. oil company, emphasizes debt reduction as crucial for its outlook, according to UBS. In 2023, the company plans to sell 234 million barrels of crude oil, 103 million barrels of natural gas liquids, and 18.6 billion m³ of natural gas, with 84.6% of net sales generated in the U.S.
21:47 17.10.2024
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