Daily Economic Reports

The first trading session of 2024 saw a decline in the US stock market as investors lowered their expectations for interest rate cut this year. Tuesday’s drop in Apple shares is due to a downgrade by Barclays. Tesla continues to deliver record numbers in Q4. The drab beginning comes after …

On the first trading day of the new year, the dollar saw an increase in value as investors turned their attention to upcoming economic data that could provide insights into the Federal Reserve’s future moves. Bitcoin also experienced a rise, exceeding $45,000 for the first time since April 2022. In …

A poll conducted by Reuters, on Friday, indicated that international oil prices are expected to remain around $80 per barrel in 2024, with analysts predicting that weak global growth would limit demand and geopolitical concerns might trigger price support.Analysts questioned if supply reductions by the Organization of the Petroleum Exporting …

As the year 2023 draws to a close, the US dollar faces the prospect of ending the year with a significant loss, erasing gains from two consecutive years. Market sentiment is shaped by expectations that the Federal Reserve may initiate interest rate cuts by March 2024, contributing to the dollar’s …

Thursday saw a sharp decline in the value of the US dollar following the Richmond Manufacturing Index. The US bond market is witnessing significant purchasing while the equity markets remain stable.After the US opening bell, the US Dollar Index has experienced a wild ride and is almost flat. On Thursday, …

The US dollar witnessed divergent movements against key currencies on Thursday, recovering from early losses against the euro while facing a decline against the Japanese yen. Investors are closely monitoring signals from the Federal Reserve, expecting a potential interest rate cut in the coming year. Dollar Index Performance: The dollar …

The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …

Tuesday saw a more than 2% increase in oil prices, reaching their highest point since December 1. Concerns about potential interruptions to oil shipments were raised by recent attacks on ships in the Red Sea.Expected Fed interest rate reduction, which might spur economic growth and increase demand for energy, also …

US stocks opened higher on Tuesday to start the last week of the year, as traders aimed to end 2023 on a strong note. The S&P 500 climbed 0.3%, and the Nasdaq Composite advanced 0.4%. The Dow Jones Industrial Average gained 100 points, or about 0.3%. Intel rose nearly 3% …

Amid the Christmas holiday, the dollar grapples with consolidation efforts against a backdrop of weakened trading. Signals of declining inflation in the largest economy, the United States, contribute to the dollar’s challenges, offering the Federal Reserve room for potential interest rate cuts in the upcoming year. Concurrently, the yen maintains …