Yields on the US benchmark bonds rose as a result of investors’ focus in financial markets on the next batch of inflation data in the United States, as the Consumer Price Index readings appear amid expectations of an increase in the annual reading that appears this week.Pushed by mounting expectations …

As investors raised positions in anticipation of Thursday’s US inflation report, US stocks ended the day higher on Monday, making up ground lost during the previous week. Due to concerns over deteriorating economic data, inconsistent results, and rising Treasury yields, the major stock indices closed last week lower as investors …

Huw Pill, the chief economist at the Bank of England, stated on Monday that there are dangers associated with UK inflation on both sides. He predicts that during the first half of 2025, inflation will most likely revert to the target level. By the end of the current year, he …

Germany’s industrial production tumbled in June, in large part due to a drop in automotive output. Germany’s industrial production tumbled in June, in large part due to a drop in automotive output.The epidemic and the clogged supply chains have taken a toll on the German auto industry, which makes up …

Fed Governor Michelle Bowman cautioned that numerous rate hikes may be necessary to return inflation to healthy levels in two speeches she gave on Saturday and Monday.Bowman, a senior Fed official, is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest …

Despite caution ahead of US CPI, the gold price rises as the US dollar corrects to US CPI. The imminent release of the Consumer Price Index (CPI) statistics for the United States on Thursday has encouraged the gold price to try to recover. The impact of a slowdown in business …

The Dow Jones Index reversed lower for a loss of 0.4% Friday on reports that a cyberattack hit hospital computer systems across several states. Top gainers in the Dow Jones included Amgen, which jumped on earnings. But Apple was down nearly 5%.The S&P 500 and Nasdaq Composite retreated for a …

The EUR/USD pair has risen above 1.1007, positioning the Euro for a strong finish. The US Nonfarm Payrolls report showed an 187K increase in labor force participation and an unemployment rate of 3.6%, higher than 3.5%. This resilience is a key factor holding inflation at or around 3%, making the …

WTI crude has surged to daily high above $83.00 ahead of the weekend for the first time since April. The Saudis’ expected reductions in oil output and the depreciation of the US dollar are mostly to blame for the black gold’s upward trend. Additionally, the daily chart shows that the …

Petrobras retreated -0.5% pre-market Friday after Q2 earnings fell by nearly half from a year earlier on lower oil prices and a sharp drop in international crack spreads for diesel.Q2 net income fell to 28.8B reais (~$5.9B) from 54.3B reais in the year-earlier quarter, and recurring net income, which strips …