Market Update

The Dow Jones Industrial Average (DJIA) has steadied before the closing bell, following a tepid Monday session. The market is expected to remain nervous ahead of key inflation data, with a fresh batch of US PPI and CPI inflation prints due this week. The US Producer Price Index (PPI) business-level …

Gold prices surged over 1.5% on Monday as US Treasury yields retreat ahead of key CPI data, with the 10-year yield down to 3.902%. The ongoing Middle East tensions, with no ceasefire in sight, drive demand for Gold’s safe-haven status. Traders are bracing for the latest Consumer Price Index (CPI) …

Despite geopolitical unrest, the US dollar is still strong, and Fed policymakers continue to have optimistic views of the US labor market despite worries about sluggish job creation. The market sticks to its projections from the previous week, with September being the most likely month for the first rate cut …

Businesses are delaying some of their investments in the Eurozone, and output is declining. Two recent reports from the ECB provide an assessment of the issue. The majority of Eurozone businesses are delaying investments. The European Central Bank refers to a “gloomy outlook and a historic low” in its most …

The Canadian labour market report for July, released on Friday, once again underlined why the Bank of Canada (BoC) has now cut interest rates for the second time. Instead of the moderate job growth that economists had been expecting, we saw job losses (albeit very small ones) for the second …

Brian Moynihan, the CEO of Bank of America, requested the Federal Reserve to lower interest rates in order to relieve pressure on American customers during a week marked by significant volatility in the U.S. economy and market worries. “They’ve got to be more careful than the downside of not starting …

The Pound Sterling moves higher against the US Dollar on improved market sentiment. BoE’s Mann warns about upside risks to price pressures.In September, the Fed is anticipated to lower interest rates by 25 basis points. During Monday’s North American session, the Pound Sterling (GBP) advances versus its major rivals, with …

Oil prices extended their upward momentum on Monday, marking a fifth consecutive session of gains, driven by easing U.S. recession fears and escalating geopolitical tensions in the Middle East. The market continued to build on last week’s strong performance, which saw more than a 3% rise in prices. Brent crude …

For investors who anticipated a smooth 2024, last week painted a different picture of the market. The week started with a sharp drop in the Dow Jones on Monday, sparking a wave of negative headlines predicting further losses. The following days were marked by wild swings, including some sharp gains. …

Gold prices edged lower on Monday but remained close to record highs as increased safe haven demand continued to support the yellow metal amid growing concerns over a slowing global economy. Market Performance Spot Gold: Dropped 0.8% to $2,424.01 an ounce by 06:00 ET (10:00 GMT).Gold Futures (December): Fell 0.2% …