Chinese auto sellers reveal losses

Source: Dukascopy Bank SA
The China Automobile Dealers Association has revealed that it expects to incur a 138 billion Yuan or $19.55 billion loss due to being forced to sell cars at discount.
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Thu, 26 Sep 2024 10:01:46 GMT

SNB rate cut does not cause market reaction

The Swiss National Bank has reduced its Policy Rate from 1.25% down to 1.00%. The rate cut was expected. Due to this reason, the Swiss Franc did not lose value. An hour after the rate reveal, the rate returned to trade near 0.8500.

Tue, 01 Oct 2024 06:30:05 GMT

Hedge funds buy tech stocks

Goldman Sachs has announced that, as interest rates have been declining, hedge funds have bought up tech firm stocks.

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