European stock markets experienced mixed trading within narrow ranges on Friday, as investors cautiously awaited the release of crucial eurozone inflation data, which will provide valuable insights into the future direction of global monetary policy. Early trading saw the DAX index in Germany dip 0.2%, while the CAC 40 in …
Read More »Asian Markets See Modest Gains Amidst Focus on US Inflation, Chinese Stimulus Hopes
Asian stocks experienced slight gains on Friday as investors turned their attention to the upcoming U.S. PCE inflation data, a key indicator that could influence the Federal Reserve’s interest rate decisions. Meanwhile, Chinese markets advanced despite weak economic data, as hopes for further stimulus measures provided a boost. Regional stocks …
Read More »U.S. Futures Weaken on Treasury Yields and Fed Uncertainty, Salesforce Dips After Earnings
U.S. stock futures retreated on Thursday, signaling further losses after a prior session decline, as investors grappled with soaring Treasury yields and uncertainty surrounding the Federal Reserve’s potential interest rate cuts. By early morning trading, Dow futures dropped 0.9%, S&P 500 futures fell 0.5%, and Nasdaq 100 futures slipped 0.6%. …
Read More »European Stocks Stabilize as Bond Markets Rebound, Focus on Inflation Data
European stock markets found some stability on Thursday as bond markets recovered from the previous day’s sell-off, which was driven by expectations of prolonged higher interest rates due to persistent inflation. The pan-European STOXX 600 index edged up nearly 0.2%, following a decline of over 1% on Wednesday. Germany’s DAX, …
Read More »Dollar Holds Firm After Reaching Two-Week High Amidst Rising Treasury Yields
The U.S. dollar maintained its strength on Thursday, following a recent surge to a two-week high fueled by a rout in U.S. Treasuries, which pushed up yields and increased the currency’s attractiveness. The dollar index, which tracks the greenback against a basket of major currencies, reached 105.18 overnight, its highest …
Read More »European Stocks Retreat as Bond Yields Surge Ahead of Inflation Data
European stock markets experienced a broad decline on Thursday, driven by rising global bond yields, which heightened investor concerns ahead of the eagerly anticipated inflation data release at the end of the week. Early in the trading session, Germany’s DAX index fell 0.3%, the UK’s FTSE 100 dropped 0.2%, while …
Read More »Oil Prices Ease on Stronger Dollar, Higher-for-Longer Rates Outlook
Oil prices declined on Thursday as the stronger U.S. dollar and expectations of prolonged high interest rates raised concerns about potential demand reduction. Brent futures dropped 0.3% to $83.34 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.3% to $79.00. Both benchmarks are on track for monthly losses, …
Read More »Bitcoin Price Dips Amid Fed Rate Uncertainty, While Ether Cools After ETF Hype
Bitcoin experienced a slight decline on Thursday, remaining within its established trading range as investors awaited crucial U.S. economic data that could influence the outlook for interest rates. While easing concerns about a potential sell-off by defunct exchange Mt Gox provided some relief, the strengthening dollar, driven by anticipation of …
Read More »Dow Jones Faces Further Downward Pressure Amid Bearish Signals 30/5/2024
Oil, Crude, trading
Read More »USD/JPY Maintains Bullish Momentum, but Caution is Advised 30/5/2024
japanese-yen
Read More »