In an interview conducted by Alarabiya TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of financial markets. Q: Will the Fed cut interest rates in September? And if so, will it be …
Read More »U.S. Stock Futures Edge Higher Ahead of Key CPI Report
U.S. stock index futures traded slightly higher on Thursday as investors awaited the release of the latest consumer price index (CPI), a crucial report that could help define the Federal Reserve’s interest rate decision next week. Futures Snapshot At 05:15 ET (09:15 GMT): Dow Jones Futures: +38 points, or +0.1% …
Read More »Gold Holds Near Record Highs as Traders Await Key U.S. Inflation Data
Gold prices edged lower in Asian trading on Thursday, with investors adopting a cautious stance ahead of pivotal U.S. inflation figures that could define the Federal Reserve’s policy direction. Despite the dip, bullion remained close to record highs as firm bets on a September rate cut and concerns over Fed …
Read More »European Stocks Edge Higher Ahead of ECB Decision and U.S. Inflation Data
European equities traded cautiously higher on Thursday, as investors balanced political and economic risks in the region with anticipation of key central bank decisions and upcoming U.S. inflation data. At 03:05 ET (07:05 GMT), Germany’s DAX rose 0.1%, France’s CAC 40 gained 0.3%, and the U.K.’s FTSE 100 added 0.3%. …
Read More »Oil Prices Steady as Supply Risks Balance Oversupply Concerns
Oil prices steadied in Asian trading on Thursday, holding near recent highs after a volatile week marked by heightened geopolitical tensions in Russia and the Middle East, offset by worries of oversupply following an unexpected rise in U.S. crude inventories. Brent oil futures for November traded at $67.49 per barrel, …
Read More »U.S. Producer Prices Unexpectedly Decline in August, Supporting Case for Fed Rate Cuts
U.S. factory-gate prices fell in August, signaling softer-than-expected inflationary pressures and reinforcing expectations that the Federal Reserve could move to cut interest rates at its upcoming policy meeting. According to the Bureau of Labor Statistics, the producer price index (PPI) slipped by 0.1% on a monthly basis. Economists had forecast …
Read More »U.S. Markets Steady Ahead of Inflation Data; Oil Gains on Rising Geopolitical Risks
U.S. Stock Futures Mixed as Investors Await Key Inflation Reports U.S. stock index futures traded in mixed territory on Wednesday, stabilizing near record highs as markets digested the latest batch of corporate earnings and looked ahead to critical inflation data later in the week. At 06:00 ET (10:00 GMT), Dow …
Read More »Barclays Report: U.K. Consumer Spending Growth Slows but Remains Above Trend in August
Consumer spending momentum eases U.K. consumer spending rose 2.1% year-on-year in the four weeks ending August 29, according to Barclays’ latest U.K. Spend Trends report released on Wednesday. The figure represents a slowdown from the 2.5% growth recorded in the four weeks ending July 4, but still outpaces the longer-term …
Read More »Bitcoin Holds in Tight Range Ahead of Key U.S. Inflation Data
Bitcoin slips as traders await Fed cuesBitcoin prices edged lower on Wednesday, with the cryptocurrency locked in a narrow trading band as investors weighed the outlook for U.S. interest rates ahead of crucial inflation readings. As of 02:04 ET (06:04 GMT), Bitcoin (BTC) fell 1.3% to $111,576.5, extending a period …
Read More »European Stocks Rise as Investors Eye Inflation Data, French Politics in Focus
European shares advanced on Wednesday, tracking Wall Street’s overnight strength, as traders shifted focus toward key U.S. and Eurozone inflation releases that could shape monetary policy. At 03:15 ET (07:15 GMT), Germany’s DAX gained 0.5%, France’s CAC 40 rose 0.4%, and the U.K.’s FTSE 100 climbed 0.2%. The pan-European STOXX …
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