For the fourth time this year, the European Central Bank is anticipated to lower its key deposit facility rate by a quarter point, to 3 percent. In order to prevent the Eurozone from slipping into stagnation due to political impasse in France and policy drift in Germany, many also anticipate …
Read More »US Futures Hold Steady Ahead of Inflation Data; Crude Prices Rise on China Stimulus Hopes
US stock index futures showed little movement early Wednesday, stabilizing after a decline in the previous Wall Street session, as investors await pivotal inflation data. Meanwhile, crude oil prices gained amid expectations of increased demand in China following promises of economic stimulus. Market Snapshot Dow Jones Futures: Down 65 points …
Read More »Stock Market on Hold as Investors Brace for Inflation Data
The US stock market hung in a state of cautious optimism on Tuesday as investors awaited the release of the Consumer Price Index (CPI) data on Wednesday. This crucial economic indicator will provide valuable insights into the trajectory of inflation and, consequently, the Federal Reserve’s forthcoming interest rate decision.The market’s …
Read More »South Korea Passes Controversial Budget Bill Amid Political Turmoil
South Korea’s parliament, controlled by the opposition Democratic Party, approved a reduced government budget for 2025, intensifying tensions with President Yoon Suk Yeol’s administration. The unprecedented move sparked debates over economic and governance implications in Asia’s fourth-largest economy. Key Developments The 673.3 trillion won ($470.60 billion) budget was approved by …
Read More »2025 Financial Outlook: Shares, Cash, Bonds, Commodities, Gold, and Bitcoin
As investors step into 2025, the financial landscape is poised for significant shifts across various asset classes. This overview is an attempt to delve into the expected trends for shares, cash, bonds, commodities, gold, and Bitcoin, providing a comprehensive understanding of what the new year might bring and could bring …
Read More »A Rocky Start to the Week: Dow Jones Pauses Near 44,600
The Dow Jones Industrial Average (DJIA) commenced the new trading week on a cautious note, hovering near the 44,600 level. While China’s recent monetary policy shift initially ignited optimism, geopolitical tensions in the Middle East and South Korea, coupled with concerns about the global economic landscape, tempered investor enthusiasm. China’s …
Read More »US Stock Futures Slip as Investors Await Inflation Data; Oil Gains on Syria Turmoil
US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …
Read More »Weekly recap: Data still in focus after NFP
US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …
Read More »Nasdaq Dips as Strong Job Growth, NFP Report Hint at Fed’s Next Rate Decision
Wall Street opened in a mixed state on Friday, with the Nasdaq and S&P 500 trading lower, while the Dow Jones Industrial Average edged slightly higher. This cautious market sentiment was primarily driven by the release of the November non-farm payroll report, which revealed a stronger-than-expected job growth of 227,000, …
Read More »Will NFP Data Carry A Perfect Storm for the US Dollar?
The upcoming release of the November Non-Farm Payroll (NFP) report is poised to be a pivotal moment for the US dollar and global financial markets. While consensus estimates point to a modest job growth of 200,000, the market’s focus will be on the underlying trends in wage growth, labour force …
Read More »