China’s Economic Data Surpasses Expectations Amid Growth Momentum China’s economic performance in the first two months of 2024 has exceeded analysts’ expectations, buoyed by robust retail sales, fixed asset investments, and industrial production, according to data released by the National Bureau of Statistics on Monday, March 18th. Key Data Highlights: …

Oil prices continued their upward trajectory in early Asian trade on Monday, building on gains from the previous week driven by expectations of tightened supplies and heightened geopolitical tensions. Brent Crude Futures Climb, Extending Last Week’s Gains Brent crude futures for May delivery edged up three cents to $85.37 a …

Gold prices experienced a decline on Monday as the dollar strengthened, with investors eagerly anticipating the outcomes of forthcoming monetary policy meetings at major central banks, notably the US Federal Reserve. Investors Await Federal Reserve’s Monetary Policy Decision By 0259 GMT, spot gold prices retreated by 0.4 percent to $2,147.89 …

Last week, the market’s attention was squarely fixed on a slew of US economic indicators, aimed at deciphering clues regarding future interest rate trajectories and the Federal Reserve’s timeline for ending its monetary tightening stance and initiating quantitative easing. However, the latest US data, particularly the Consumer Price Index, US …

Global stocks are poised to conclude the week with a subdued performance, following seven consecutive weeks of gains, as hotter-than-expected U.S. inflation data cast doubts on the timing and frequency of future interest rate cuts by the Federal Reserve. U.S. Inflation Data Dampens Rate Cut Expectations MSCI’s global equity index …

The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …

European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …

In a week marked by market fluctuations, oil prices showcased remarkable resilience, driven by optimistic forecasts from the International Energy Agency (IEA) and unexpected shifts in U.S. inventory levels. IEA’s Optimistic Forecast Spurs Confidence The week began with a notable uptick in market sentiment following the IEA’s revision of its …

An upward trend dominated the movements of the Canadian dollar during the previous trading session after it was able to penetrate the resistance level of the psychological barrier 1.3500, recording its highest level at 1.3543. From the technical analysis angle today, we are leaning toward positivity, relying on stability above …

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