Oil prices stabilized on Monday, amid anticipation among investors for Chinese economic data, in search of signs of recovery in demand in the second-largest oil consumer in the world. Brent crude futures fell seven cents to $86.24 a barrel by 0746 GMT, and US West Texas Intermediate crude fell six …
Read More »Asian stocks flat, Chinese markets rise on recovery hopes
Most Asian stocks moved slightly on Monday amid hawkish comments from Federal Reserve officials, while Chinese markets outperformed as the People’s Bank maintained medium-term lending rates ahead of a swathe of data indicators. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes climbed nearly 0.8% each after the PBOC maintained …
Read More »Dollar rose with the increase in expectations of raising interest rates
The dollar rose on Monday and hit a one-month high against the yen after strong US retail sales and impressive earnings from Wall Street banks increased market expectations that the Federal Reserve will raise interest rates in May. Data released on Friday showed that so-called core retail sales, which exclude …
Read More »Financial Markets’ Weekly Recap, April 10-14
On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …
Read More »US Retail Sales decline by 1% in March
According to figures released by the US Census Bureau on Friday, retail sales in the US fell by 1% on a monthly basis to $691.7 billion in March. This report was worse than the market consensus of a decline of 0.4% and followed February’s contraction of 0.2% (updated from -0.4%). …
Read More »European stocks rise, supported by hopes that the US interest rate hike will stop
European stocks rose on Friday, on the verge of recording weekly gains for the fourth week in a row, supported by hopes that the Federal Reserve (the US central bank) will soon stop raising interest rates after recording lower-than-expected inflation in March. The pan-European STOXX 600 was up 0.3% by …
Read More »Dollar is losing strength with the expectation that the US interest rate hike will end soon
The dollar fell to near a two-month low against major currencies on Friday, while the euro hovered near a one-year high, as dealers’ expectations of an imminent end to the US interest rate hike cycle increased amid signs of slowing inflation. Data from the US Labor Department on Thursday showed …
Read More »Oil falls after the Energy Agency warned of a supply deficit
Oil prices fell on Friday after the International Energy Agency warned that production cuts announced by OPEC+ producing countries could widen the oil supply deficit and harm consumers. And by 0820 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $ 85.99 a barrel. West Texas Intermediate crude …
Read More »Japan’s Nikkei closed higher for the sixth consecutive day
Japan’s Nikkei index rose for the sixth consecutive session on Friday, its longest streak of consecutive gains since July, supported by a rally on Wall Street overnight and the rise of Fast Retailing, owner of Uniqlo stores. The Nikkei index closed up 1.2 percent at 28,493.47 points, recording a weekly …
Read More »Dow Jones continues its bullish impulse 14/4/2023
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