Market Update

Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday before the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe ´´we face a systemic banking crisis.”The Pound rose towards $1.25 vs. the US dollar, moving closer …

The Dow Jones Industrials Index, the Nasdaq 100 Index ($IUXX) (QQQ), and the S&P 500 Index ($SPX) (SPY) all recorded losses on Wednesday. The S&P 500 Index ($SPX) (SPY) lost -0.41%.The Nasdaq 100 posted a 2-week low on Wednesday, as stock indices gave up early gains before settling marginally down. …

The G7 Communique has reaffirmed the financial system’s resilience and reiterated the commitment to preserving financial and economic stability.Additionally, the statement notes that central banks are still steadfastly dedicated to achieving price stability.The Consumer Price Index (CPI), which climbed in March at a slower-than-expected rate and a minute from the …

The US Dollar index, DXY, was last at 101.51, down 0.62% on the day, while the EUR/USD reached 1.0999, the highest level since February 2. The pair last traded at 1.0995, up 0.79% on the day.The US dollar plunged on Wednesday after data revealed that the US Consumer Price Index …

This year, gold has been doing well so far. In the upcoming quarters, economists anticipate that the precious metal will prolong its rise. Always shining gold with growth issues front and centrePrices are anticipated to stay sensitive to changes in investor risk perception and interest rate forecasts in the near …

Although petrol prices decreased in March, consumer prices in the United States hardly increased. However, stubbornly high rents maintained underlying inflation pressures at a simmer, making it probable that the Federal Reserve will increase interest rates again next month. However, the Labor Department’s data on Wednesday contained some positive news …

U.S. headline inflation slowed by more than expected in March, according to data from the Bureau of Labor Statistics on Wednesday. On an annual basis, the consumer price index for the month dipped to 5.0% from 6.0% in February. Economists had projected that the reading would fall to 5.2%. The …

Despite the fact that GDP surged in the first quarter, many predict that the Bank of Canada will keep rates on hold on Wednesday as inflation cools and due to stress in the global financial system. The Bank of Canada halted its tightening campaign last month, setting its benchmark rate …

Calm dominated trading in European stocks on Wednesday, as investors remained cautious ahead of the release of US inflation data, which is expected to provide more indications of the Federal Reserve’s decision on monetary policy next month. The pan-European Stoxx 600 index was up 0.1 percent by 0707 GMT. Real …

The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …