Asian Trading Gains Oil prices rose modestly in Asian trade on Monday, extending last week’s gains, as markets balanced potential supply disruptions from Russia with signs of weakening U.S. demand. Brent crude futures for November delivery climbed 0.4% to $67.26 per barrel, while West Texas Intermediate futures added 0.5% to …
Read More »Dollar Steadies Ahead of Fed Rate Decision After Mixed U.S. Data
The U.S. dollar edged slightly higher on Friday, pausing its recent slide as investors digested a combination of softer labor data and a modest uptick in inflation, while rate cut bets from the Federal Reserve remained firmly in place. Dollar Index and Treasury Yields The dollar index rose 0.1% to …
Read More »U.S. Stock Futures Edge Lower as Fed Rate Cut Bets Remain Firm Ahead of Michigan Survey
Futures Pull Back After Record Highs U.S. stock futures slipped slightly on Friday, consolidating after Wall Street’s latest record-breaking session. At 05:40 ET (09:40 GMT), Dow Jones Futures fell 78 points (-0.2%), S&P 500 Futures dropped 8 points (-0.1%), and Nasdaq 100 Futures lost 10 points (-0.1%). On Thursday, all …
Read More »U.K. Economy Stalls in July, Keeping Pressure on the Bank of England
The U.K. economy flatlined in July, marking a sharp slowdown from the previous month’s expansion and increasing pressure on the Bank of England (BoE) to extend its cycle of monetary policy easing. GDP Data Signals Stagnation Figures released Friday by the Office for National Statistics showed that gross domestic product …
Read More »European Stocks Edge Higher as Investors Weigh Growth, Inflation, and Oil Weakness
European equity markets posted modest gains on Friday, consolidating after a generally upbeat week, as investors digested fresh economic data from the region while monitoring oil price movements and developments in Spain’s banking sector. European Indices Extend Gains By 03:05 ET (07:05 GMT), the DAX index in Germany rose 0.3%, …
Read More »Bitcoin Rebounds as Fed Rate Cut Bets Persist, But Treasury Model Faces Scrutiny
Bitcoin gained ground on Friday, tracking a broader advance in risk-driven assets as traders held firm to expectations that the Federal Reserve will cut interest rates next week. However, the upside remained capped by growing concerns over the sustainability of corporate Bitcoin treasury strategies. Bitcoin Price Action By 01:56 ET …
Read More »Oil Prices Slip as Oversupply Concerns Outweigh Geopolitical Risks
Oil prices fell on Friday, extending the previous session’s sharp losses, as worries about weakening U.S. demand and a looming supply glut outweighed fears of disruption from conflicts in the Middle East and Ukraine. Market Performance By 04:19 GMT, Brent crude futures dropped 0.74% to $65.88 per barrel, while West …
Read More »Gold Hovers Near Record Highs as Weak US Jobs Data Reinforces Fed Rate Cut Bets
Gold prices extended gains on Friday, holding close to record highs, as fresh signs of weakness in the U.S. labor market reinforced expectations that the Federal Reserve will move to cut interest rates at its policy meeting next week. Gold Prices and Market Moves By 01:51 ET (05:51 GMT), spot …
Read More »ECB Holds Rates Steady, Leaves Path for Possible Future Cut Open
The European Central Bank (ECB) kept interest rates unchanged on Thursday, as expected, while offering little guidance on its next steps. Policymakers signaled caution as inflation projections dipped below target for next year, keeping alive market speculation of a final “insurance” cut later in 2025. Rates on Hold, Outlook Cautious …
Read More »U.S. Inflation Rises in August, Keeping Fed Rate Cut in Focus
U.S. headline consumer price growth accelerated in August, but the increase was largely in line with expectations, reinforcing market conviction that the Federal Reserve will move ahead with an interest rate cut at its upcoming policy meeting. Headline CPI Annual CPI: 2.9% (vs. 2.7% in July, matching forecasts) Monthly CPI: …
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