Economic Report

Inflation fears dominated the market this week. Wall Street closed higher Friday, November 12th, driven by the rise of market leaders, as investors shrugged off disappointing US economic data. The U.S. A University of Michigan survey showed that US consumer sentiment in early November plunged to a decade low as …

A handful of bearish factors are driving oil prices lower, with both WTI and Brent set for a third successive weekly loss.While crude prices have been relatively range-bound recently, hovering within the $80-85 per barrel range, they are expected to suffer their third weekly decline in a row. Yet, beyond …

The dollar is set to record its best weekly performance in nearly 5 months against major currencies on Friday, amid bets that the US Federal Reserve will raise interest rates early, after data this week showed the fastest pace of inflation in the United States in 3 decades. The dollar …

Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

The dollar jumped to a 16-month high against the euro and other major currencies on Thursday, while the yen slipped toward multi-year lows, after the highest US inflation reading in 30 years boosted bets on higher interest rates. Data showed consumer price growth in the United States at the fastest …

Hotter than expected Consumer Price Index reading for October and news that Evergrande again defaulted debt payment grace period were factors that pulled U. S. stocks down on Wednesday.The S&P 500 index is down 0.7%, CPI has jumped 0.9% after climbing 0.4% in September, the Labor Department said. This was …

The dollar rose slightly against the major currencies on Wednesday after falling in the past three days, as investors are reluctant to take risks ahead of US inflation data that may shed some light on when the Federal Reserve may raise interest rates. Economists polled by Reuters expect CPI data …

On Wednesday, the U. S. economic scene will witness the latest release of the Consumer Price Index, CPI, for October. This data is awaited by investors and traders, as the Federal Reserve dovish tone spurred a selloff in the bond market, while US Treasury yields fall.CPI is unlikely to offer …

The dollar was broadly flat on Monday and currency markets lacked momentum as investors weighed expectations of price volatility with the extent to which central banks could tolerate inflationary pressures. Last week, the Federal Reserve (the US central bank) stuck to its view that the current high inflation is expected …