Economic Report

The recent report from the US Energy Information Administration (EIA) revealed a smaller-than-expected drawdown in U.S. commercial crude oil inventories, casting a shadow on expectations of a more significant decline. While stocks did decrease by 900,000 barrels, this figure fell short of the anticipated 1.7 million barrels, a discrepancy that …

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation report. This positive news provided a much-needed respite for investors grappling with the looming threat of a government shutdown and recent uncertainty surrounding the Federal Reserve’s monetary policy.The Commerce Department’s report revealed that the Personal …

The cryptocurrency market has experienced a significant downturn, with Bitcoin plunging below $100,000, trading at the time of writing at only $97,173, down some -0.23 on the day, and other major tokens suffering even steeper losses. This sharp correction coincides with a shift in the Federal Reserve’s monetary policy stance, …

2024 has been a year of unprecedented growth for Wall Street, fueled by a confluence of factors, most notably the artificial intelligence (AI) revolution. AI stocks, led by giants like Nvidia, have soared, capturing investor imagination with the promise of transformative technological advancements. However, the current euphoria surrounding AI may …

The latest inflation data provides a glimmer of hope in the ongoing battle against rising prices. The Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, showed a modest increase of 0.1% in November, translating to an annual rate of 2.4%. This reading, while still above the …

Central Banks Hold Steady, US Core PCE in Focus The Bank of England and the Bank of Japan both held interest rates steady at their respective policy meetings. While the BoE’s decision had a limited impact on the Pound, the BoJ’s rate hold weighed heavily on the Yen.With a relatively …

Following the Fed’s less dovish stance, gold records gains of more than $0.20. According to statistical data, the US economy grew 3.1% year over year in Q3. Gold’s attractiveness as a safe-haven asset in times of uncertainty is increased by the possibility of a US government shutdown. The price of …

U.S. stock index futures edged higher Thursday, recovering some losses from Wednesday’s sharp sell-off after the Federal Reserve signaled a slower pace of rate cuts in 2025. At 06:00 ET (11:00 GMT), Dow Jones Futures rose 140 points (+0.3%), S&P 500 Futures gained 21 points (+0.4%), and Nasdaq 100 Futures …

Asian equities experienced a sharp sell-off on Thursday, with technology stocks leading the decline after the Federal Reserve projected a slower pace of interest rate cuts in 2025. The cautious outlook dampened risk sentiment across the region, following a significant overnight drop on Wall Street. The NASDAQ Composite recorded its …

The Bank of England is set to announce its monetary policy decision early on Thursday. Governor Andrew Bailey has signaled that the central bank is likely to keep the main interest rate on hold, emphasizing a gradual approach to monetary easing. Despite this cautious stance, Bailey recently indicated that up …