All Posts – Page 246

Why should investors avoid panic about oil price in Middle East crisis?

Mohamed Abdelhamid Commodities, Daily Economic Reports, Economic Report, Market Update

Oil prices rose by more than 4% to about $75 a barrel on Tuesday. So far, oil prices rose by more than 4% as escalation has intensified between Israel and Iran.Amid this geopolitical scene, the risk of a jump in oil prices that could trigger another global inflation shock appeared …

Dow Jones Plunges Amid Global Tensions

Mohamed Abdelhamid Global Stock Market, Market Update

The Dow Jones Industrial Average suffered a significant decline on Tuesday, primarily driven by escalating geopolitical tensions in the Middle East and disappointing US economic data.Israel’s recent military strikes on Lebanese targets have ignited fears of a wider regional conflict, with Iran vowing retaliation. This heightened uncertainty has rattled global …

Investors Await ECB Rate Cut in October on Easing Inflation

Mohamed Abdelhamid Daily Economic Reports, Economic Report, Forex Market, Global Stock Market, Market Update

Expectations that rate reductions will accelerate after October might weaken the euro and the yields on government bonds. For the final two ECB meetings in 2024, the Eurozone money markets are pricing in 51 basis points of rate reductions. On October 17, investors are placing more and more bets that …

Fed’s Bostic Doesn’t Rule Out Another Jumbo Rate Cut

Mohamed Abdelhamid Forex Market, Market Update

Raphael Bostic, the President of the Federal Reserve Bank of Atlanta, believes that the Fed should be prepared to make larger interest rate cuts if the job market weakens. He reassured markets that his business contacts don’t anticipate layoffs, but this statement seems out of place given the recent ISM …

US Dollar Surges Amid Geopolitical Tensions, Fed’s Fresh Hints

Mohamed Abdelhamid Forex Market, Market Update

The US Dollar experienced a significant rally following escalating tensions in the Middle East and comments from Federal Reserve Chairman Powell suggesting a less dovish stance on interest rates. The US Dollar Index reached a seven-day high as investors sought safe havens amid geopolitical uncertainty.Key factors driving the US Dollar’s …

U.S. Stock Futures Dip as Investors Assess Fed Chair’s Remarks and Await Economic Data

Adel Forex Market, Global Stock Market, Market Update

U.S. stock futures saw a mixed start on Tuesday as investors digested recent comments from Federal Reserve Chair Jerome Powell and braced for a busy week of key economic data releases. Market Snapshot: Dow Futures: Down 145 points (-0.3%)S&P 500 Futures: Down 6 points (-0.1%)Nasdaq 100 Futures: Up 20 points …

Euro Zone Inflation Falls Below 2%, Signaling Potential ECB Rate Cut

Adel Forex Market, Market Update

For the first time since mid-2021, euro zone inflation dipped below 2% in September, reinforcing expectations that the European Central Bank (ECB) could implement another rate cut this month as its efforts to control price growth appear to be nearing success. Key Inflation Figures: Headline Inflation: Inflation in the 20 …