#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

🥇 Gold prices remain above $2,500 per ounce due to safe-haven solid demand amid geopolitical tensions in the Middle East and growing expectations of a Federal Reserve interest rate cut in September.

🇩🇪 Germany's economy contracted by 0.1% in the second quarter of 2024, driven by a 2.2% decline in capital investment and a 0.2% drop in private consumption.

⛽️ Despite brimming stockpiles and declining demand, European natural gas prices remain high due to fears that a colder winter or disruptions in Russian supply could make current reserves insufficient. XNGUSD trades at 2.189.

🛢 Exxon Mobil predicts that global oil demand will remain above 100 million barrels daily through 2050, challenging efforts to achieve net zero emissions by mid-century.

🍎 Apple will unveil the iPhone 16 and other new devices on September 9, 2024, at its headquarters in Cupertino, California. #APPLE stock trades at 227.18.

🇺🇸 Trump's push for "Made in USA" Bitcoin mining equipment threatens China's dominance over 90% of the global market for Bitcoin mining rigs.

📉 PDD's $55 billion stock crash, triggered by a 29% plunge after a disappointing sales outlook, highlights growing concerns about China's slowing economic growth. #PDD stock is down 28.51%.

✈️ Boeing estimates that China will need 8,830 new planes over the next 20 years, up from last year's forecast of 8,560. #BA stock is trading for 173.48.

That's it for today, guys! Click on 👍 if you liked our review, and see you soon!

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