Nexus Net

09/04/2024

The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.

08/04/2024

06/04/2024

(Kitco News) - Gold prices are slightly down in early U.S. trading Friday, following a major U.S. economic report that came in hotter than market expectations. Silver prices are solidly lower on some profit taking from this week’s strong gains. June gold was last down $3.60 at $2,304.50. May silver was last down $0.60 at $26.65.

The U.S. data point of the week, if not the month, this morning saw the March employment situation report from the Labor Department show a much-higher-than-expected rise of 303,000 in the key non-farm payrolls number. The marketplace expected a rise of 200,000 and compares to a revised gain of 270,000 in the February report. The unemployment rate was as expected at 3.8% versus the February report reading of 3.9%. This jobs report falls into the camp of the U.S. monetary policy hawks, who want to see the Federal Reserve hold off on cutting interest rates.

Asian and European stock indexes were mostly lower overnight. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. China markets were closed Friday for a holiday.

The key outside markets today see the U.S. dollar index a higher and near the daily high after the stronger jobs report. Nymex crude oil prices are near steady and trading around $86.50 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently fetching 4.37% and up-ticked after the jobs report.

Other U.S. economic data due for release Friday includes the consumer credit report.

03/04/2024

BERLIN (March 12): Prime Minister Datuk Seri Anwar Ibrahim welcomed more German businesses to take advantage of Malaysia’s strategic location in Southeast Asia and its developed infrastructure as a preferred investment destination.

“Within the European Union, Germany, of course, is our largest trading partner, and you have invested a substantial amount close to US$15 billion (RM70.24 billion),” he said.

He cited Infineon Technologies AG and many other leading German companies that had chosen Malaysia as their important hub, centre of excellence and training centre.

Malaysia looks forward to greater collaboration, not only in enhancing trade and investment, but also to strengthen bilateral relations in all fields, he said at a joint press conference with his German counterpart Chancellor Olaf Scholz at the Federal Chancellory, Berlin.

Anwar, who is also the finance minister, said Malaysia is keen to focus on the training of students.

“We have about 1,000 students throughout Germany for training in German companies for their initial exposure.”

The prime minister also said that Putrajaya welcomes Berlin’s interest in terms of new investments in renewable energy and green technology.

“Renewable energy has been our focus now, and we are fortunate, because we are strong in solar, green energy, and strong in terms of our capacity to export renewable energy,” he said.

Anwar said Malaysia is exporting renewable energy to Indonesia’s new capital Nusantara, as well as through undersea cable to Singapore.

“So, there is a huge potential that you can see in the mushrooming of data centres and artificial intelligence into the region, especially in Malaysia,” he said.

On other developments, Anwar reaffirmed Malaysia’s optimism in achieving economic growth of between 4% and 5% in 2024, grounded in the solid foundation that is the Madani economy framework, and the reforms outlined through Budget 2024.

He also highlighted that the Madani economy framework will leverage Malaysia’s innate strengths in enhancing national competitiveness, with emphasis on fiscal sustainability measures, good governance practices, and efficacious service delivery.

There are over 700 German companies based in Malaysia, creating 65,000 jobs.

Germany has been Malaysia’s largest trading partner among European Union member countries since 2000, while Malaysia is the largest trading partner for Germany among Asean member states.

In 2023, Malaysia’s total trade with Germany increased by 5.9% to RM63.45 billion, compared with RM59.87 billion in 2022.

02/04/2024

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) maintained its sanguine view of Malaysia’s trade outlook for 2024, with exports to rebound by 4.3 per cent year-on-year in 2024 from a decline of 8.0 per cent in 2023.

The research house said in a note today that the export momentum is anticipated to pick up in the first half of this year (1H2024).

"The view is founded on three key catalysts, namely a rosier global and regional economic outlook, more positive economic dynamics of China, and the re-acceleration in the global technology cycle,” it said.

The rising trend of capital and intermediate goods also signalled the potential expansion in manufacturing activities in the near term and improvement in investment in investment appetite.

"Global growth is envisaged to accelerate in 2024 amid a pause in global interest rate hikes with rate normalisation anticipated by 2H2024, inflation risks to dissipate over the same period and China’s economic recovery by 2024.

RHB also maintained its above-consensus forecast for the United States and China economies, where their gross domestic product (GDP) is anticipated to expand by 2.2 per cent and 5.0 per cent, respectively, in 2024.

For ASEAN economies, the RHB leading indices suggest that GDP growth momentum will accelerate into 1Q 2024 and be sustained for 1H2024 on the back of a rosier global growth backdrop.

28/03/2024

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.

MONEYWATCH: MANAGING YOUR MONEY
Should you invest in silver bars and coins? Benefits and risks of buying in
moneywatch
By Angelica Leicht

Edited By Matt Richardson

March 25, 2024 / 3:45 PM EDT / CBS News

Close up silver cubes with sayings on them
A silver investment can be a smart way to add precious metals to your portfolio, but make sure you know the potential risks and benefits that come with it.
GETTY IMAGES
Gold investing has been growing in popularity in recent years, due in large part to the unusual economic environment we're currently facing. One of the main drivers is persistent inflation, which is devaluing the dollar and making it important for investors to turn to inflation-hedging assets, like gold, to protect the value of their money. And, other issues, like global geopolitical turmoil, are further impacting the economy and prompting investors to diversify their portfolios with the yellow metal.

But while gold can offer a number of unique benefits to investors, it's certainly not the only precious metal investing option available to you. Platinum, palladium, copper and even silver are other options to consider when it comes to investing in precious metals — and, like gold, there are benefits to adding one or more of them to your portfolio.

Silver, in particular, presents an alternative option worth considering. While it doesn't garner the same prestige as gold, silver offers several unique potential benefits to investors. Below, we'll take a closer look at the potential benefits and risks of investing in physical silver right now.

27/03/2024

“History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”

Shelby M.C. Davis