Market Update

On Thursday, Speaker Kevin McCarthy voiced optimism that negotiators have a structure now and are working two or three times a day. DeSantis suggests only he could beat Biden ahead of the expected 2024 launch. McCarthy also praised Biden’s picks to lead the talks – a move by the White …

On Thursday, Speaker Kevin McCarthy voiced optimism that negotiators have a structure now and are working two or three times a day. DeSantis suggests only he could beat Biden ahead of the expected 2024 launch. McCarthy also praised Biden’s picks to lead the talks – a move by the White …

According to an interview with James Bullard, president of the St. Louis Federal Reserve, raising interest rates even more would be a good “insurance” strategy against inflation, the Financial Times reported on Thursday.According to the Financial Times, Bullard stated that he will retain a “open mind” going into the next …

The price of oil is trading with significant losses, while the US dollar managed to consolidate its performance on the back of the Federal Reserve’s statements adopting tightening monetary policy, and the uncertainty about the outcome of the US debt ceiling negotiations.Latest data revealed a larger-than-expected rise in crude inventories, …

The Bank of Canada has released its Financial System Review (for 2023), which expresses increased concern compared to last year about the ability of households to pay their debts.In the document, the BoC noted that the spillover effects on Canada from recent stress in the global banking sector have been …

After rising the previous day on optimism about US gasoline consumption, oil prices remained essentially flat on Thursday as traders waited for indications of progress in discussions to lift the US debt ceiling. As of 1142 GMT, Brent oil futures were down 13 cents, or 0.2%, to $76.83 a barrel. …

Alibaba Group Holding Ltd said on Thursday that its fourth-quarter sales increased by 2%, falling short of forecasts. The 208.20 billion yuan ($30.12 billion) in revenue for the three months ended March compared to a Refinitiv average forecast of 210.3 billion yuan based on 26 analysts. Chinese consumer spending has …

European shares started higher on Thursday, reflecting a sense of optimism on Wall Street, on the back of indications that Washington is close to reaching an agreement on raising the US debt ceiling and avoiding default. By 0708 GMT, the pan-European STOXX 600 index was up 0.4%. Auto and technology …

The dollar settled near a seven-week high on Thursday after positive indications from US President Joe Biden and Republican House Speaker Kevin McCarthy on debt ceiling talks. On Wednesday, Biden and McCarthy confirmed their intention to reach an agreement soon to raise the government debt ceiling of $ 31.4 trillion, …

Oil prices fell on Thursday amid concerns about oversupply, after rising nearly 3 percent in the previous session. Brent crude futures fell 24 cents to $76.72 a barrel. US West Texas Intermediate crude also fell 21 cents to $72.62 a barrel. Both benchmarks rose nearly 3 percent on Wednesday amid …