Nippon Steel Projects Decrease in Consolidated Business Profit for Fiscal Year 2025
On May 9, Nippon Steel announced that its consolidated business profit for the fiscal year ending March 2025 (IFRS) is expected to be 650 billion yen, down 25.3% from the previous year. The picture is the company logo. Photo taken in Tokyo in March 2019 (2024 Reuters/Yuka Obayashi) TOKYO (Reuters) – Nippon Steel ( 5401.T […]
JP Morgan Predicts Peak Gold Price of $2,600 an Ounce, Bullish Market Continues
On April 25, JP Morgan said the bullish market for gold would continue, predicting a peak price of $2,600 an ounce. Photo taken in Munich in March 2014 (2024 Reuters/Michael Dalder) [２５日 ロイター] – JPMorgan said on the 25th that the bullish market for gold will continue, with a peak price expected to reach $2,600 […]
Nikkei Stock Average Continues to Rise on Tokyo Stock Market
April 23: On the Tokyo stock market, the Nikkei Stock Average continued to rise and closed at 37,552.16 yen, up 113.55 yen from the previous business day. Photo taken at the Tokyo Stock Exchange in October 2020 (2024 Reuters/Kim Kyung-Hoon) TOKYO (Reuters) – On the Tokyo stock market, the Nikkei Stock Average continued to rise […]
Nippon Steel and US Steel Affirm Commitment to American Identity After Acquisition
On April 18, Nippon Steel and US Steel issued a statement once again stating that even after the acquisition, US Steel will remain an American company and will not relocate production or jobs overseas. The picture is the Nippon Steel logo. One day shooting in Tokyo (2024 Reuters / Issei Kato) TOKYO (Reuters) – Nippon […]
Gold Prices Surge to Record High as Demand for Safe Haven Assets Increases amid Geopolitical Tensions
On April 11th, spot gold reached a new all-time high. Demand for gold as a safe haven asset is increasing amid geopolitical tensions. The photo shows gold nuggets. The photo was taken last September in Novosibirsk, Russia (2024 Reuters/Alexander Manzyuk) [１２日 ロイター] – Spot gold reached an all-time high in trading on the 12th. Demand […]
Nikkei Average Falls in Tokyo Stock Market as Investors Brace for US CPI Release
In the morning of April 10th, the Nikkei average fell to 39,666.24 yen on the Tokyo stock market, down 106.89 yen from the previous business day. The photo was taken in March 2011 at the Tokyo Stock Exchange in Tokyo (2024 Reuters / Toru Hanai) TOKYO (Reuters) – In Tokyo’s morning stock market, the Nikkei […]
Gold Prices Expected to Reach $2,500 by Fourth Quarter of 2024, Says Bank of America
Bank of America (BofA) said it expects the average gold price to reach $2,500 an ounce by the fourth quarter of 2024. Picture taken in January 2010 (2024 Reuters/Chris Keane) [９日 ロイター] – Bank of America (BofA) said it expects the average gold price to reach $2,500 per ounce by the fourth quarter of 2024. […]
Gold Market Outlook for 2024: Will it Follow in Cocoa’s Footsteps?
On April 5, after Nikki Shields, head of metals strategy at Swiss gold smelter MKS PAMP, revised the outlook for the gold market in 2024, market participants began to believe that “gold will follow cocoa.” the question, “Can we follow the same thing?” The picture was taken in September 2023 at a refinery in Novosibirsk, […]
Gold Hits All-Time High as US Inflation Slows, Expectations for Rate Cut Rise
On April 1st, the spot price of gold hit an all-time high. Signs that US inflation is slowing have raised expectations that the US Federal Reserve will cut interest rates in June. The photo shows gold nuggets. The photo was taken last November in Novosibirsk, Russia (2024 Reuters/Alexander Manzyuk) [１日 ロイター] – The spot price […]
WTO Panel Finds Australia’s Tariffs on Chinese Steel Products Flawed
The Dispute Settlement Panel of the World Trade Organization (WTO) has found Australia’s tariffs on Chinese steel products flawed. Document photo, taken in March 2021 (2024 Reuters/Denis Balibouse) [ベルリン／シドニー ２７日 ロイター] – The World Trade Organization (WTO) Dispute Settlement Panel has found Australia’s tariffs on Chinese steel products flawed. The Australian government has indicated that […]
