New Zealand Q2 GDP Gains 0.5% On Quarter, 2.1% On Year

New Zealand’s gross domestic product was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Thursday. That exceeded expectations for an increase of 0.5 percent although it slowed from 0.6 percent in the first quarter. On an annualized yearly basis, GDP climbed2.1 percent – again beating forecasts for 2.0 percent and slowing from 2.5 percent in the three months prior. Growth was led by the services industries, which grew 0.7 percent following a 0.3 percent growth in the March 2019…

aramco ipo: Saudi market regulator in talks with Aramco on IPO rules

RIYADH: Saudi Arabia’s Capital Market Authority (CMA) is in talks with Saudi Aramco and its advisers about the regulatory requirements for listing on the domestic stock exchange, its chairman Mohammed bin Abdullah Elkuwaiz told Reuters. “We continue to have discussions with the company and its advisers on both their readiness, as well as our regulatory requirements for the market,” Kuwaiz said on Wednesday. Asked whether there will be any waivers or exemptions for the company’s listing, Kuwaiz told Reuters in an interview that the CMA is “still having those discussions”.…

Conventional Equity Funds And ETFs Witness Net Outflows In August

Picture Source: REUTERS/Eduardo Munoz. A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. For the fourth month in a row, investors were net purchasers of mutual fund assets, injecting $64.9 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for August. However, the headline number was once again misleading. Fund investors remained risk averse as market volatility increased, with wild swings in both directions and deteriorating trade negotiations between China and the U.S.…

Is Now the Time To Buy Gold?

Gold dips below $1500 The bearish calls rise- The ECB provides a reason to buy the dip In a bull market, it is crucial for bearish to fuel the trajectory of prices Gravity hit the gold market over recent sessions. After rising to a high $1566.20 on the COMEX December futures contract on September 4, the price pulled back to the $1500 level. December gold futures closed on Friday, September 13 at $1507 per ounce. After the rally from under $1300 in May to the highest price since 2013, a…