Economic Report

Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Caterpillar shares were on pace to close at a record high after the excavator and bulldozer builder reported a fourth-quarter profit that …

In the early hours of Monday’s Asian trading session, oil prices steadied following significant declines last week. The market’s focus remained on ongoing attempts to negotiate a ceasefire agreement in the Gaza Strip. Despite these diplomatic efforts, the United States has signaled its intention to carry out additional attacks on …

The past week proved to be a rollercoaster for global financial markets, dominated by pivotal events that shaped the economic landscape. From the Evergrande saga to pivotal interest rate decisions and robust US job data, here’s a comprehensive breakdown of the week that was. American Interest – The Fed’s Pause …

In January 2024, financial markets were active and turbulent, with investors initially rejoicing as inflation fell and sectors such as semiconductors saw big gains. However, a hawkish central bank and geopolitical concerns tempered confidence, while dropping oil prices and stricter investment conditions put adverse pressure on investors.Financial markets continued its …

Consumer sentiment in the United States has hit its highest point since July 2021, with consumers anticipating increases in both inflation and personal income.According to the University of Michigan’s Surveys on Consumers, the index reached this level after a 13% month-over-month improvement in January, which was preceded by a 14% …

The US dollar has rallied and was able to hold on to gains after the January Jobs Report, with the US Dollar Index popping over 103 and on track to break 104 soon. At the time of writing the Dollar Index is at the 103.883 mark.The NFP report showed a …

Analysis of Market Movement and Notable Performers As the trading day commenced in Europe, stocks experienced an upward trajectory on Friday, driven by a slew of positive reports from regional companies. The European STOXX 600 index, a broad gauge of European equities, rose by 0.4 percent by 0830 GMT, signaling …

Analysis of Dollar Movement Amidst Positive Market Sentiment On Friday, the US dollar experienced a decline as risk appetite surged, propelled by positive business results from major technology companies on Wall Street. Investors eagerly awaited the release of the closely watched non-farm payrolls report later in the day, seeking insights …

Analysis of Gold’s Performance Amid Dollar Decline and US Economic Data As the week unfolds, gold prices are on track to secure their most substantial weekly gains in nine weeks, buoyed by a combination of factors ranging from a weakening dollar to declining US Treasury bond yields. Investors, closely watching …

The US Bureau of Labour Statistics will release its jobs report for January on Friday, February 2, and economists and researchers predict a 180,000 rise in Nonfarm Payrolls following the stronger-than-expected 216,000 recorded in December. Investors’ focus now shifts to Friday’s nonfarm payrolls for further clarity on the future of …