European equities saw a modest uptick at the opening bell on Thursday, marking a positive start as investors prepared for the long Easter weekend hiatus. The pan-European STOXX 600 index edged 0.1% higher, hitting a new record high by 0823 GMT. This gain signals the index’s potential for a second …
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Official data released on Thursday confirmed that the British economy slipped into a mild recession last year, posing a significant challenge for Prime Minister Rishi Sunak as he seeks to reassure voters about the economy’s stability ahead of anticipated elections later this year. According to the Office for National Statistics …
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Gold prices remained steady on Thursday as investors absorbed remarks from Federal Reserve Governor Christopher Waller regarding potential interest rate cuts, while also eagerly anticipating upcoming US economic data to discern the trajectory of monetary policy. In spot transactions, gold edged up by 0.1 percent to reach $2,195.59 per ounce, …
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Oil prices regained ground on Thursday, rebounding from losses incurred over the past two sessions, as market participants took a second look at the latest US crude oil and gasoline inventory reports. The reevaluation comes amid ongoing geopolitical tensions and shifting sentiments regarding global supply and demand dynamics. Brent Crude …
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Amidst minor retreats in risk-linked assets, the US dollar maintained its positive outlook and maintained the consolidating atmosphere near the upper end of its recent range. As the spot approached the 152.00 level, worries over possible FX intervention surrounding the USD/JPY continued to grow. Additional gains helped to keep the …
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Although the collapse of the Francis Scott Key Bridge in Baltimore is considered a significant setback, a number of experts believe that the US economy as a whole is unlikely to be severely damaged. Nonetheless, a thorough investigation of this incident’s effects is necessary.Impact on the Nation Mostly Controllable Minimal …
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The EUR/USD pair found support despite the dovish move by the ECB and conflicting signals from Fed officials. ECB officials give a dovish tone to the policy outlook during wage inflation talks, hinting at a possible rate decrease in June. The US GDP and core PCE inflation numbers are anticipated …
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Wednesday’s North American session is witnessing a steady increase in gold prices as buyers aimed for $2,200. Investors purchased the yellow metal due to a quiet economic calendar in the US and growing rumours on a Fed rate cut in June. As of this writing, the XAU/USD pair is up …
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US Treasury bond yields are declining amid anticipation of key US inflation data, namely, the Personal Consumption Expenditures data, the most important, credible and reliable indicator for the Federal Reserve.PCE data in the United States will shed more light on price trends in the recent months, and thus will clarify …
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Federal Reserve Governor Christopher Waller said on Wednesday that recent weak inflation data supports the case for Fed holding off on cutting its short-term interest rate target, per Reuters.The US Dollar Index attracts some buyers following the above hawkish comments. The DXY is trading 0.11% higher on the day at …
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