European markets regained footing on Wednesday, breaking a three-day losing streak, as technology stocks surged and safe-haven demand eased amidst renewed focus on geopolitical and economic developments. The pan-European STOXX 600 rose 0.5% as of 09:20 GMT, recovering from a three-month low touched on Tuesday. Major indices in Germany, France, …
Read More »Oil Prices Stabilize Amid Ukraine Conflict and Mixed Market Signals
Oil prices held steady for a second consecutive day on Wednesday as geopolitical tensions from the Ukraine war balanced against signs of stronger crude imports from China and a rise in U.S. crude stockpiles. Brent crude futures for January delivery edged up by $0.11 to trade at $73.42 per barrel …
Read More »UK Inflation Surges Past BoE Target, Raising Questions Over Future Rate Policy
Inflation in the United Kingdom unexpectedly surged in October, pushing consumer price growth back above the Bank of England’s (BoE) 2% target. The increase in underlying inflation pressures suggests that the central bank may need to tread carefully when considering interest rate cuts. Consumer prices rose by an annual 2.3% …
Read More »Gold Extends Gains Amid Rising Geopolitical Tensions, But Dollar Strength Limits Upside
Gold prices climbed higher on Wednesday, bolstered by increasing safe haven demand as geopolitical tensions between Russia and Ukraine escalated. However, gains in the precious metal were somewhat restrained due to the persistent strength of the U.S. dollar. Spot gold edged up by 0.2% to $2,636.28 an ounce, while December …
Read More »Geopolitical Tensions Weigh on U.S. Stock Futures as Putin Lowers Nuclear Strike Threshold
U.S. stock index futures experienced a notable drop on Tuesday, with mounting geopolitical concerns stemming from Russian President Vladimir Putin’s hawkish comments about nuclear weapons unsettling investors. By 06:30 ET (11:30 GMT), Dow Jones Futures were down 265 points, or 0.6%, while S&P 500 Futures fell 25 points, or 0.4%, …
Read More »Geopolitical Tensions and Inflation Concerns Weigh on European Stocks
Europe’s main stock index dropped to a three-month low on Tuesday as investor sentiment soured amidst escalating geopolitical risks and inflationary concerns linked to U.S. policies under President-elect Donald Trump. The pan-European STOXX 600 index fell 0.9%, on track for its third consecutive day of losses. Safe-haven assets, such as …
Read More »Dollar Nears One-Year High Amid Trump Administration Speculation and Treasury Market Reactions
The U.S. dollar rose on Tuesday, nearing its one-year high, as market attention focused on U.S. President-elect Donald Trump’s search for a Treasury Secretary. Reports indicate that the list of candidates has expanded, now including Apollo Global Management CEO Marc Rowan and former Federal Reserve Governor Kevin Warsh. Analysts highlight …
Read More »Gold Prices Rise as Dollar Weakens and Geopolitical Tensions Intensify
Gold prices saw gains in Asian trade on Tuesday, building on a recovery from two-month lows. The yellow metal benefitted from a pullback in the U.S. dollar and escalating geopolitical tensions between Russia and Ukraine, which fueled demand for safe-haven assets. Spot and Futures Prices Climb Spot gold was up …
Read More »Dow Jones steady below resistance 19/11/2024
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Read More »USD/JPY may start downward correction 19/11/2024
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