Market Update

The EUR/USD pair hit a fresh two-month low near 1.0900 on Thursday, following the release of the U.S. Consumer Price Index (CPI) report. The data showed that inflation rose faster than expected, leading to a weaker Euro.While the core CPI accelerated to 3.3%, the headline CPI rose to 2.4%. Despite …

The Dow Jones Industrial Average (DJIA) experienced a volatile session on Thursday, following the release of mixed economic data. The US Consumer Price Index (CPI) and Initial Jobless Claims reports presented a conflicting picture of the economy, leaving investors uncertain about the Federal Reserve’s (Fed) future monetary policy path.Inflationary Pressures …

The Federal Reserve, tasked with maintaining price stability and promoting economic growth, faces a delicate balancing act in its monetary policy decisions. The recent release of inflation data has once again highlighted the complexities of this task.Inflation, the sustained increase in the general price level of goods and services over …

Stock index futures extended their decline on Thursday after U.S. inflation data for September came in higher than anticipated, raising concerns that the Federal Reserve may implement fewer interest rate cuts later this year. A report from the Labor Department revealed that the Consumer Price Index (CPI) rose 2.4% annually …

Inflation in the U.S. eased on an annual basis in September, though it still surpassed economists’ forecasts, potentially complicating the Federal Reserve’s decision on future interest rate cuts. The Consumer Price Index (CPI), a key measure of headline inflation, slowed to 2.4% year-over-year, down from 2.5% in August, but higher …

Oil prices rose by more than 1% on Thursday, driven by heightened fuel demand as Hurricane Milton struck Florida, and concerns over potential supply disruptions in the Middle East. Brent crude futures increased by $1.01, or 1.3%, to $77.59 per barrel by 11:08 GMT, while U.S. West Texas Intermediate (WTI) …

European shares edged lower on Thursday, led by losses in technology and mining stocks, as investors awaited crucial U.S. inflation data for insights on the Federal Reserve’s next steps regarding interest rates. The pan-European STOXX 600 fell 0.2%, with the most significant declines seen in tech, mining, and travel and …

Gold prices remained relatively unchanged in Asian trade on Thursday, with investors focusing on upcoming U.S. inflation data to gauge the future path of Federal Reserve interest rate cuts. A stronger U.S. dollar continued to apply pressure on gold, which has dropped from record highs due to the expectation of …

Gold prices remained relatively unchanged in Asian trade on Thursday, with investors focusing on upcoming U.S. inflation data to gauge the future path of Federal Reserve interest rate cuts. A stronger U.S. dollar continued to apply pressure on gold, which has dropped from record highs due to the expectation of …

Most Asian stocks saw modest gains on Thursday, as investors anticipated key U.S. inflation data to glean more insight on interest rate trends. This followed a strong performance on Wall Street, where the Dow Jones Industrial Average hit a record high, bolstered by minutes from the Federal Reserve’s September meeting …