Market Update

US Dollar weakened on Wednesday, extending its recent corrective decline. The release of the December Consumer Price Index (CPI) report, which largely met market expectations, provided further impetus for the dollar’s weakness. This fueled speculation that the Federal Reserve may maintain its current interest rate stance, potentially opening the door …

Both the CPI data and the results from a few major financials are celebrated by the major US stock indices. When the CPI and PPI are combined, analysts predict that the core PCE will be announced later this month at 0.19%, slightly below the 0.2% threshold. The MoM’s three- and …

Israel and Hamas have reached a ceasefire agreement in Gaza as part of a deal to release Israeli hostages held in Gaza, according to a recent announcement by the Palestinian Hamas movement. U.S. President-elect Donald Trump announced the ceasefire agreement in Gaza, preempting the official announcement of the truce via …

Gold prices extended their gains for the second consecutive day, driven by a sharp decline in US Treasury yields. The fall in yields followed the release of US inflation data, which showed a moderation in core inflation. This renewed expectations of potential interest rate cuts by the Federal Reserve.The US …

Federal Reserve Bank of New York President John Williams emphasized the data-dependent nature of future monetary policy decisions in a speech on Wednesday. He acknowledged the significant uncertainty surrounding the economic outlook, particularly due to potential changes in government policy.Williams stated that the current monetary policy stance is “well-positioned” for …

The USD/JPY plummeted over 1% in early North American trading as the latest US inflation data showed a deceleration in core prices. This unexpected cooling of inflation sent US Treasury yields tumbling and boosted the Japanese Yen.   The US Bureau of Labour Statistics reported that consumer prices rose 0.4% …

US consumer prices rose in line with expectations in December, while an underlying measure was slower than anticipated. This closely-watched gauge of inflation could influence the Federal Reserve’s interest rate policy plans in the coming months. The headline consumer price index (CPI) increased by 0.4% in December, slightly higher than …

Germany’s economy contracted by 0.2% in 2024, marking its second consecutive year of decline after a 0.3% contraction in 2023, according to data released by the Federal Statistics Office. The economy also shrank by 0.1% in the final quarter of the year, showing limited signs of recovery amidst ongoing economic …

Oil prices edged higher on Wednesday, recovering some losses from the previous session as the market turned its attention to potential supply disruptions from sanctions on Russian tankers. Gains, however, were tempered by uncertainty surrounding their impact. Brent crude futures rose 51 cents, or 0.6%, to $80.43 a barrel by …

European stock markets rose on Wednesday, supported by cooling UK inflation data, while investors awaited key US inflation figures. At 03:05 ET (08:05 GMT), Germany’s DAX index climbed 0.3%, France’s CAC 40 gained 0.3%, and the UK’s FTSE 100 surged 0.7%. Investors focused on upcoming US consumer price index (CPI) …