Newmont Corporation (NEM) is a gold company and a producer of copper, zinc, lead, and silver. The Company’s portfolio of assets, prospects and talent is anchored in mining jurisdictions in Africa, Australia, Latin America and Caribbean, North America, and Papua New Guinea
The negative catalyst of a US credit downgrade, particularly at over extended levels in a Bear market Rally give us an opportunity to hedge with a risk/reward ratio of clos to 5:1 which is a smart trade to take
Moody’s downgrade of the U.S. credit rating from “Aaa” to “Aa1” has immediate and longer-term implications for U.S. stocks. In the short term, the announcement triggered a decline in major stock indexes and a rise in Treasury yields, with the S&P 500 and related ETFs dropping about 1% in after-hours trading following the news
Stocks climbed Friday, notching a big weekly gain, after shrugging off an unexpected dip in consumer sentiment as ongoing optimism about the recent U.S.-China trade continues to support sentiment. However, rating agency, Moodys removed the US AAA rating after the bell sending futures lower
“Bulls vs Bears,” provides a comprehensive overview of current market trends, economic developments.
ASX Eyes Weekly Gain as Rate Cut Bets Boost Sentiment
The ASX is poised to end the week on a high, supported by mounting expectations of rate cuts following soft economic data from both Australia and the US. By 2pm, the S&P/ASX 200 was up 0.5% to 8341.4, heading for its eighth consecutive gain and a 1.4% rise over the week.
The S&P 500 rose for a fourth consecutive session, gaining 0.41% to close at 5,916.93, as easing U.S.-China trade tensions and falling Treasury yields lifted market sentiment. The Dow Jones Industrial Average advanced 271.69 points (+0.65%) to 42,322.75, while the Nasdaq Composite edged down 0.18% to 19,112.32 despite strong tech performance earlier in the week.
SWITCH Graincorp GNC:ASX to Elders ELD:ASX or FOOD ETF FOOD:ASX
Trim for 21% profit Tencent Music TME:NYSE
ASX Edges Higher Amid Cautious Sentiment
Australian shares edged higher on Thursday, mirroring a modest Wall Street advance as investors awaited fresh catalysts. The S&P/ASX 200 rose 0.2% to 8299.8 points by 2pm, reversing early losses. Technology led gains, while energy and resources lagged.
Performance of the MPC Markets High Conviction Stock Picks for the last 6 months
FireFly Metals is a Company engaged in mineral exploration and evaluation at the Green Bay Copper-Gold Project in Newfoundland and Labrador, Canada, the Pickle Crow Gold Project in Ontario, Canada and the Limestone Well Vanadium-Titanium Project in Western Australia
