Market Update

Gold prices experienced a decline following the release of US Consumer Price Index (CPI) data. This unexpected move suggests that investors are now less confident in the Federal Reserve (Fed) cutting interest rates by 50 basis points (bps) at its upcoming meeting. Instead, the market is increasingly anticipating a more …

The release of the August Consumer Price Index (CPI) in the United States sent a ripple effect through global financial markets. While the headline inflation rate eased slightly, the core CPI, which excludes volatile food and energy prices, remained sticky. This reading has tempered expectations for a bolder ‘50 basis …

The US Dollar Index (DXY) remained relatively stable following the release of mixed inflation data for August. While the overall inflation rate declined to 2.5%, core CPI remained steady at 3.2%, indicating persistent inflationary pressures. This data has dampened expectations of a 50-basis-point interest rate cut by the Federal Reserve …

In a significant move to bolster legal certainty and investor confidence in the cryptocurrency market, the UK Parliament has introduced the Property (Digital Assets etc) Bill. This groundbreaking legislation aims to establish a robust framework for recognizing digital assets as personal property under English and Welsh law. By granting digital …

The recent release of the August 2024 Consumer Price Index (CPI) report has provided valuable insights into the current state of inflation in the United States. While the headline inflation rate has continued its downward trajectory, underlying inflationary pressures persist, raising questions about the Federal Reserve’s future monetary policy decisions.Key …

The ECB’s Looming Decision: Navigating Complexities of Monetary PolicyThe European Central Bank (ECB) is faced with a crucial decision at its upcoming meeting: whether to lower interest rates or maintain a cautious stance. This choice is fraught with complexities as the ECB must balance the need to stimulate economic growth …

Tesla (NASDAQ: TSLA) shares continued to trend higher today, after an analyst assigned the stock a price target that is among the highest on Wall Street. Tesla stock has soared by over 25% in the last three months.Tuesday morning, shares were higher by as much as nearly 5% after Deutsche …

Oil prices rose over 1% on Wednesday, recovering some losses from the previous day, as a significant drop in U.S. crude inventories and concerns about Hurricane Francine disrupting output outweighed worries about weak global demand. Brent crude futures increased by $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, …

The U.S. dollar dropped to its lowest level against the yen this year on Wednesday, after investors boosted the chances of Kamala Harris winning the upcoming U.S. presidential election following a key debate against rival Donald Trump. The dollar fell as much as 1.24% to 140.71 yen, a level last …

European shares opened higher on Wednesday, supported by strong performances in the oil, gas, and basic resources sectors. Investors are closely watching for the upcoming U.S. inflation report, which could provide insight into the Federal Reserve’s potential interest rate moves next week. The pan-European STOXX 600 index rose by 0.3% …