Treasury yields surged on Monday, as investors assess the cumulative probability that the world’s MAJOR central banks will keep raising rates in 2023 despite the economic impact.Traders focus on assessment of the 2023 monetary-policy outlook of central banks from the US to Japan and Europe. Longer term yields are below …

Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

Wall Street equities were in the red territory on Monday. Nasdaq was leading the prevalent declines as investors’ worries accelerate concerning Fed’s monetary policy tightening that could drag the US economy into a recession.The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track …

The Pound Sterling is leaning against a critical level of support while the US dollar is surprisingly weak. The Federal Reserve and Bank of England’s rate decisions are being digested. The GBP/USD pair is 0.2% higher at the time of writing on the first day of the trading week. However, …

The European Central Bank is targeting 2% inflation and Bundesbank President Joachim Nagel said ”it will take a while to return to 2% inflation.”Earlier in December, Nagel was quoted saying that the ECB should start reducing its large holdings of government debt in the first quarter of next year as …

At the time of writing, gold price is trading at $1786.66 versus the previous closing price at $1792.59.Lower than expected inflation data in the US is exercising downward pressure on the US dollar. This, along with lower real yields, is expected to allow gold to retest $1,800 according to economists.Retreating …

Financial markets’ sentiment was still negative for most of the previous trading week amid accelerating recession-linked fears. This development, for sure, reinforced US Treasury bond yields but the US stock futures and equities in the Asia-Pacific region maintained mostly dull performance ahead of the final batch of data from the …

Berenberg Bank on Friday adjusted its terminal rate forecasts in light of the developments of the last 48 hours, adding an additional 25 basis point rate hike for the Fed in 2023, taking the peak to a range between 5% and 5.25% over the course of the first three meetings …

US equities sank on Friday. US equities are also heading towards a second-straight weekly loss, as more negative and disappointing news on the US economy accelerate a sure decline. The S&P 500 Index and Dow Jones Index were lower around 1.5%, while the Nasdaq fell 1.3%. Earlier in the session, …

US stocks fell on Wall Street on Friday after the Fed raised its forecast for how high it will ultimately push interest rates and attempted to assist investors’ hopes that rate cuts may happen next year. Stocks fell on Wall Street on Friday as worries grew that the Federal Reserve …