General

The ongoing trade war between the United States and China represents one of the most significant economic confrontations of the 21st century, deeply impacting global markets, supply chains, and international relations. As the world’s two largest economies clash over tariffs, trade deficits, and technology transfers, Europe finds itself in a …

Caution prevailed among investors ahead of the US labor market report release, resulting in subdued price movements across the market on Thursday. Simultaneously, the European Central Bank (ECB) implemented a widely expected 25 basis point reduction in interest rates. Currencies:EUR/USD regained traction and approached the 1.0900 zone after the cautious …

European markets experienced a notable upswing yesterday, reaching their highest levels in over a week. This occurred as financial markets adopted a more measured approach toward recent geopolitical events. Additionally, investors were contemplating the possibility of a stimulus plan in China and a subtle shift in tone from Fed policymakers …

Retail sales slipped in October, falling just a tenth of a percent from its upwardly revised level for the prior month. The PPI data supports the Fed’s tightening cycle, but the US Dollar Index recovered from monthly lows and the 10-year yield increased from 4.42% to 4.52%. Wall Street stocks …

In the third quarter of 2023, McDonald’s, the renowned fast food company, outperformed market expectations, attaining remarkable growth in its international sales. The company’s profits surged to $3.19 per share, surpassing the anticipated $3.00 per share. Furthermore, its revenues climbed to $6.69 billion, outshining the projected $6.58 billion. McDonald’s experienced …

Aerospace company Boeing suffered losses in the third quarter of this year, according to earnings reports revealed on Wednesday, in addition to the company launching expectations that it will deliver fewer 737 MAX aircraft than current expectations.The American giant company’s adjusted losses were $3.26 per share, compared to expectations that …

The Federal Open Market Committee released its minutes from its September 19-20 meeting, revealing that officials saw risks to achieving goals as more two-sided. Most members continued to see upside risks to inflation. The Fed decided to maintain the federal funds rate within the range of 5.25% to 5.5%, with …

British retail sales partially recovered in August compared to July, which saw heavy rain, official data showed on Friday, adding to the evidence that the country’s consumers are adjusting to cost-of-living pressures. The British Office for National Statistics said that sales volume rose 0.4 percent on a monthly basis after …

Gold pulls back from two-week high ahead of FOMC decision The price of gold rose to $1937.35—a two-week high—before falling to $1931.77—a decrease of 0.06%. In the meantime, the US 10-year Treasury note yield rises to a 16-year high of 4.367%, depressing gold prices. Investors watch the Federal Reserve’s “dot …

The Pound Sterling has found intermediate support amid global uncertainty over the interest rate outlook. The GBP/USD pair finds an intermediate cushion, but the broader bias remains bearish as investors expect policy divergence between the Fed and the Bank of England may not vanish this month.BoE policymaker Swati Dhingra warned …