Gold’s Resilience:Gold prices stabilized in Asian trading on Wednesday, benefiting from a weaker dollar as investors awaited key U.S. consumer inflation data. Federal Reserve Chair Jerome Powell’s remarks suggesting a pause in U.S. rate hikes contributed to the dollar’s decline, supporting gold’s overnight gains. Anticipation of CPI Data:Market focus shifted …

Amid anticipation of key U.S. consumer inflation figures, most Asian stocks saw slight gains on Wednesday, although Chinese markets faced a downturn following the imposition of heightened tariffs by the Biden administration. U.S. Inflation Data Anticipation:Wall Street’s resilience to a hotter-than-expected producer price index reading provided a positive backdrop for …

The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States witnessed a 2.2% rise yearly in April. This figure closely follows March’s increase of 1.8% (revised from 2.1%), aligning precisely with market expectations. The annual core …

Key Factors Driving Dollar Index The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At 03:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, …

European stock markets saw a modest retreat on Tuesday as investors absorbed corporate earnings updates and awaited the release of the latest US inflation reports. At 03:15 ET (07:15 GMT), Germany’s DAX index traded 0.1% lower, and France’s CAC 40 slipped 0.1%, while the UK’s FTSE 100 gained 0.1%. Despite …

Gold prices inched up in Asian trading on Tuesday, recovering from recent losses as market attention remained fixed on the impending release of US inflation data, which could provide further insights into the trajectory of interest rates. Despite showing some strength last week, gold remained below its record levels reached …

Asian markets treaded cautiously on Tuesday, with most stocks maintaining a narrow range as investors awaited key U.S. inflation data, while Chinese markets faced pressure as another major property developer defaulted on bond payments. Reflecting a lack of decisive movements on Wall Street, regional markets exhibited subdued activity as traders …

In defiance of prevailing concerns over escalating interest rates and anticipated delays in their mitigation until mid-year, US stocks have orchestrated a resolute ascent since the dawn of 2024. Amidst a landscape where inflation remains static, yet optimism for its eventual ebb extends, the stock market has burgeoned, boasting a …

Goldman Sachs strategists reported on Monday that European markets have reached new all-time highs, with the STOXX 600 and Euro Stoxx 50 climbing 10% and 14% year-to-date, respectively, outpacing both the S&P 500 and NASDAQ. The UK, France, Italy, and Spain have all seen market highs since the onset of …

Bitcoin’s price dipped on Monday, once again testing crucial support levels as sentiment towards cryptocurrencies struggled to improve amid anticipation of U.S. inflation data that could influence interest rates. While the dollar stabilized after last week’s losses, it added to the downward pressure on crypto markets. Traders maintained a bias …