The exuberant rally that propelled the S&P 500 to record highs following the 2024 election has encountered a significant headwind. A recent wave of economic data, particularly the robust December jobs report, has injected a dose of caution into the market. This unexpected strength in the labor market has fueled …
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Oil prices extended their upward trajectory on Monday, reaching a five-month high on worries about potential supply disruptions impacting major importers like China and India. These concerns stem from the wide-ranging sanctions imposed by the US on Russia, targeting oil executives, traders, and a significant number of vessels involved in …
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The financial markets are bracing for a period of heightened volatility this week, with the release of the December Producer Price Index (PPI) report on Tuesday serving as the catalyst. This critical data point will provide crucial insights into the persistence of inflationary pressures and significantly influence the Federal Reserve’s …
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Oil prices climbed for a third consecutive session on Monday, with Brent crude surpassing $81 a barrel to reach its highest level in over four months. The rally comes as newly imposed U.S. sanctions are expected to severely impact Russian crude exports to key buyers such as China and India. …
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Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …
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The recent US nonfarm payrolls report delivered a resounding message: the American labour market remains a force to be reckoned with. December witnessed a robust 256,000 job additions, significantly surpassing expectations and solidifying the economy’s resilience. This robust growth, particularly evident in the private sector, underscores the continued strength of …
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Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third consecutive week. Harsh winter conditions in parts of the United States and Europe have intensified demand for heating fuels, adding to supply concerns amid tightening sanctions and global economic shifts. Brent crude futures increased …
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US employment data significantly influences market price movements. By examining preliminary employment indicators, we can anticipate the likely outcomes of the official data release, typically on the first Friday of each month.This Friday, the highly anticipated US employment data is scheduled for release. Market expectations point towards a substantial increase …
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US Market Activity Stalls Ahead of NFP ReleaseTrading volumes in the US market were subdued on Thursday, as market participants braced for the upcoming Nonfarm Payrolls (NFP) report scheduled for release on Friday, January 10th.The US Dollar Index (DXY) displayed modest gains amidst a generally tepid market environment. The observance …
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Oil prices rose slightly on Thursday, with Brent crude and West Texas Intermediate (WTI) gaining 0.5% and 0.4%, respectively, as traders balanced strong winter demand expectations against rising U.S. fuel inventories and macroeconomic uncertainties. Key Market Drivers Demand Expectations and Supply Concerns Brent crude futures increased by 35 cents to …
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