Market Update

The Euro has continued its downward trajectory, plunging below the 1.0600 level against the US Dollar on Wednesday. This marks a significant decline and a new year-long low for the Euro, highlighting the growing disparity between the two major currencies. A brief respite from the Euro’s weakness was observed following …

The US dollar surged on Wednesday, fueled by hawkish comments from Dallas Fed President Lorie Logan. Logan’s cautious tone regarding a potential December rate cut dampened market expectations, bolstering the Greenback.The US dollar remains a strong currency, and its recent surge underscores the market’s growing concern about potential inflationary pressures …

Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …

UK stock indexes slipped slightly on Wednesday as investors awaited key U.S. inflation data, which is expected to influence the direction of monetary policy. By 11:46 GMT, the FTSE 100 had edged down 0.1%, while the FTSE 250 index of midcap companies dropped 0.2%. Global markets remained subdued ahead of …

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …

U.S. stock index futures experienced slight declines on Wednesday morning as the market rally following the election took a pause, with investors shifting their attention to the upcoming U.S. inflation data. As of 05:45 ET (10:45 GMT), Dow Jones Futures were down 55 points, or 0.1%, S&P 500 Futures slipped …

The U.S. dollar continued to strengthen on Wednesday, reaching a new six-and-a-half-month high against a basket of major currencies. This rally has been propelled by anticipation of economic policies from President-elect Donald Trump, including lower taxes, increased tariffs, and deregulation, all of which are expected to fuel inflation and possibly …

European stock indices showed mixed but subdued movement on Wednesday, as investors awaited key U.S. inflation data. The DAX index in Germany remained relatively unchanged, France’s CAC 40 slipped by 0.2%, and London’s FTSE 100 saw a slight uptick of 0.1%. U.S. Inflation in Focus for Global Investors With little …

Gold prices edged higher in Asian trading on Wednesday, gaining 0.5% to reach $2,609.90 an ounce after recent declines driven by a strong U.S. dollar in the wake of Donald Trump’s re-election. Gold futures, however, dipped 0.4% to $2,615.70 an ounce as of early trading. The yellow metal’s recovery comes …

Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …