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Insights - On September 24, the People's Bank of China (PBOC) announced a series of unexpected monetary easing measures to support economic growth, the real estate market, and stock market confidence.
A Loop Capital analyst adjusted their price target for Super Micro Computer Inc (NASDAQ:SMCI) stock on Monday, reducing it from $1,500 to $1,000, citing the AI server maker’s efforts to restore its gross margin (GM) and operating margin (OM) to 14% and 10%, respectively, as well as the investors’ concerns regarding the company's delayed 10-K filing.
The Australian Dollar (AUD) inches higher against the US Dollar (USD) ahead of the Reserve Bank of Australia’s (RBA) policy decision scheduled for Tuesday.
Investing.com-- Japanese manufacturing activity shrank more than expected in September as major automakers continued to grapple with production disruptions, while services activity picked up on strong consumer demand.
Gold price (XAU/USD) extends its consolidative price move for the second straight day on Tuesday as bulls turn cautious after the recent rise to a fresh all-time peak touched the previous day amid slightly overbought conditions on the daily chart.