Market Update

European stock markets are anticipated to begin modestly down on Monday, reversing some of last week’s solid gains on a dip in US inflation as investors analyse mixed Chinese factory data. At 06:00 GMT, the DAX futures contract in Germany was 0.1% lower, the CAC 40 futures contract in France …

Oil prices fell in early Asian trading on Monday, as fears of a global economic slowdown and the possibility of the Federal Reserve raising interest rates were met with expectations of a reduction in supplies in light of the cuts announced by the OPEC + group. Brent crude futures fell …

Wagner Group mutiny provided temporary support to equity markets, but the fundamental pressure continued to crumble. Stocks experienced a momentary lift, but the economic slowdown in the USA and higher rates caused lower prices later. A correction in US equities is likely due to more than just a technical issue. …

The US dollar and Treasury yields retreated in May due to slowed consumer spending, but futures predict the Fed will resume raising interest rates next month to quell inflation. The core Personal Consumption Expenditures (PCE) price index fell to 4.6%, down from expectations of 4.7%. The PCE index increased by …

The official June employment report for the US will be made available next Friday. The expected rise in payrolls is 200K, according to the market. Analysts anticipate a gain of 245K. Investors’ attention will therefore turn to consumers in a week that includes a wealth of earnings and data relating …

As US inflation shows signs of easing, the AUD/USD pair rises 0.66% and targets 0.6700, weakening the US dollar. The AUD is supported by lowered expectations of aggressive Fed rates, despite poorer Chinese data and lower CPI.As the end of the week, the month, and the quarter draws near, the …

US weekly jobless claims data came volatile this week. Markets have been using them as a guide to identify the US job market’s turning point for a few weeks now. In the early days of the epidemic, the same thing took place the other way around. Relying on a weekly …

US President Joe Biden said that the federal tax system will eliminate loopholes for crypto traders. Bitcoin price held above the $30,000 psychological level, undeterred by Biden’s speech. The most famous crypto asset is trading around $30,005 at the time of typing. The Wall Street Journal has previously reported on …

Britain’s National Bureau of Statistics data showed on Friday that the British economy grew by 0.1 percent in the first quarter of this year, unchanged from preliminary estimates published last month. The office said that the British gross domestic product in the first quarter of this year was 0.5 percent …

British Prime Minister Rishi Sunak said on Friday that Environment Minister Zac Goldsmith had been asked to apologize for criticizing a parliamentary committee, but had decided to resign instead. Goldsmith was reprimanded on Thursday by a parliamentary committee that has been critical of the conduct of a group of allies …