Market Update

Wholesale inflation measures rises 0.1% in July, indicating that the Federal Reserve may start lowering interest rates. The producer price index (PPI), which measures selling prices producers receive for goods and services, increased 0.1% on the month, less than the 0.2% forecast. The core PPI was flat, with a rise …

European shares inched higher on Tuesday as investors awaited crucial U.S. economic data expected later in the day, which could offer more insight into the Federal Reserve’s next interest rate move. However, a series of disappointing corporate earnings reports kept gains in check. By 0712 GMT, the STOXX 600 index …

The U.S. dollar found itself in a holding pattern on Tuesday as investors awaited key U.S. economic data that could influence the likelihood of significant interest rate cuts. Meanwhile, a rally in Japanese stocks provided some relief for the yen, particularly for those engaged in yen carry trades. The dollar …

As investors warmed up ahead of important US data releases, which would undoubtedly affect expectations on a rate decrease by the Fed and provide additional information on the state of the US economy, global markets moved within a consolidative trend. Forex Space: Within the 103.20 zone, the USD Index (DXY) …

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 …