U.S. stock futures hovered near the flatline on Tuesday, as investors awaited key inflation data and deliberated over the potential size of Federal Reserve interest rate cuts. By 07:00 ET (11:00 GMT), Dow and S&P 500 futures were largely unchanged, while Nasdaq 100 futures dipped 29 points (0.2%). On Monday, …
Read More »Bitcoin Rebounds as Bargain Buyers Step In, but Gains Limited by Inflation Data Concerns
Bitcoin’s price rose by 3.4% on Tuesday, reaching $56,715.3 at 01:16 ET (05:16 GMT), as bargain hunters moved into cryptocurrency markets after last week’s steep losses. However, the rebound was restrained by caution ahead of key U.S. inflation data expected this week, with ongoing capital outflows indicating that overall market …
Read More »Oil Prices Slip Amid Weaker Chinese Demand and Supply Concerns from Tropical Storm Francine
Oil prices edged down on Tuesday, as concerns over weak Chinese demand outweighed supply disruptions caused by Tropical Storm Francine and continued global oversupply risks. Brent crude futures dipped by 4 cents, or 0.06%, to $72.80 per barrel, while U.S. West Texas Intermediate (WTI) crude futures fell by 10 cents, …
Read More »European Shares Steady Ahead of ECB Rate Decision Amid Mixed Economic Data
European shares remained flat on Tuesday, stabilizing after a 1% jump in the previous session, as investors digested a mix of economic data while anticipating a widely expected interest rate cut from the European Central Bank (ECB) later in the week. The pan-European STOXX 600 index held steady at 510.40 …
Read More »Noor Capital | Interview with Mohammed Hashad on Kuwait TV – Sept 9, 2024
In an interview conducted by Kuwait Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of key assets in the financial markets. How do we understand the reaction of U.S. indices after the …
Read More »Noor Capital | Interview with Mohammed Hashad on Dubai TV – Sept 9, 2024
Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Society of Technical Analysts. Let’s start with the U.S. labor market data, which came in mixed. How did the markets interpret it, and how did it reflect on the movement of …
Read More »Gold Prices Slip Ahead of U.S. Inflation Data, Copper Retreats Amid Weak Chinese Imports
Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …
Read More »Oil Prices Rebound by 1% as Hurricane Threatens U.S. Gulf Coast
Oil futures rose by around 1% on Monday, recovering from last week’s steep losses as a potential hurricane neared the U.S. Gulf Coast, a critical area for refining. Brent crude climbed 67 cents, or 0.94%, to $71.73 per barrel by 0901 GMT, while West Texas Intermediate (WTI) crude rose 68 …
Read More »Wall Street Futures Edge Higher Amid Speculation on Fed Rate Cuts
U.S. stock futures inched up on Monday as investors continued to debate the Federal Reserve’s upcoming interest rate decisions following a weaker-than-expected jobs report. Meanwhile, Boeing secured a tentative deal with its largest labor union, and Canadian retailer Alimentation Couche-Tard reiterated its commitment to a $38.5 billion takeover bid for …
Read More »European Stocks Rebound as Investors Anticipate ECB Rate Cut
European shares kicked off the week with gains following a sharp decline last Friday, as investors look ahead to key economic data releases and expect the European Central Bank (ECB) to reduce interest rates later this week. By 0711 GMT on Monday, the pan-European STOXX 600 index had risen by …
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