Market Update

The University of Michigan sentiment index shot up to 78.8 in early January, but short-term inflation views dropped to 2.9%. US consumer sentiment jumps, and price outlook hits three-year low.Over the coming year, consumers anticipate price increases at an annual pace of 2.9%, down from 3.1% predicted one month earlier.Early …

Gold prices rose on Friday, but were on track to record their worst week in six weeks. This decline coincided with the rise of the dollar and bond yields, following US central bank officials’ statements that dashed expectations of an early interest rate cut. As of 07:43 GMT, gold in …

Official data from the Office for National Statistics revealed that British retail sales suffered their most significant decline in almost three years in December. This raises concerns about the possibility of the economy entering a recession towards the end of last year. The report indicated that early Christmas preparations, particularly …

European stocks opened higher on Friday, supported by gains in financial stocks, though the main index was on track for a weekly decline after investors tempered their expectations for an interest rate cut following recent comments from policymakers. As of 0818 GMT, the European STOXX 600 index was up by …

The dollar is on track for its second consecutive weekly gain, driven by indications of the robustness of the US economy. The cautionary stance of central bank officials regarding an immediate interest rate cut has tempered traders’ expectations for a swift and substantial reduction. Both the Australian dollar and New …

Japan’s core Consumer Price Index (CPI) surged by 3.1% last year, marking its highest level since 1982. Data released by the Ministry of Internal Affairs and Communications on Friday, January 19, revealed that the consumer price index, excluding fresh food items, witnessed a 2.3% year-on-year increase in December. This was …

Oil prices experienced a decline on Friday following a recent uptick. Geopolitical tensions and disruptions in US oil production due to a cold snap were counteracted by concerns over slowing demand growth in China and expectations of increased supply. As of 0420 GMT, Brent crude futures dropped by 23 cents, …

Thursday was the day of robust data. Strong data, rate cut bets bolstered the US dollar again. Another positive set of results in US key indicators boosted the upside bias in the US dollar and underpinned the tighter-for-longer narrative around the Fed. The same view seems to emerge around the …

US workers are receiving smaller cash bonuses this year, indicating that employers are less concerned about losing talent than in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year, according to payroll software company Gusto. Every industry posted a decline, …

As of this writing, the price of gold has increased by +0.85 to around $2023 per ounce, indicating that investors are still waiting for more information regarding the US Federal Reserve’s future course for interest rates.High demand for safe haven assets during the Middle East crisis has helped gold. It …