Market Update

The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …

Risky assets fell following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%.The January PCE Price Index unexpectedly rose to 5.4% on …

US stocks sharply dropped on Friday following the Federal Reserve’s favourite inflation gauge showing a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 390 points, or 1.2%. The S&P 500 and Nasdaq Composite retreated 1.6% and 2.0%, respectively. The Dow fell as much as 510 points, …

The US dollar and yields rise further after Friday’s US economic data. US Core PCE rose above expectations in January. Gold reacted by hitting fresh weekly lows near $1,810. Gold prices dropped further after the beginning of the US trading session amid a stronger US dollar and higher Treasury bond …

Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …

The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …

 Britain marked the one-year anniversary of the invasion of Ukraine by issuing more sanctions against Russia, including export bans on every item it has used on the battlefield and import bans of iron and steel goods. Britain has frozen assets and targeted a wave of Russian officials and companies in …

Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …

European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …

The German economy contracted at the end of last year as inflation and the energy crisis affected household consumption and capital investment. The Federal Statistics Office said on Friday that the country’s economy contracted 0.4 percent in the last quarter of 2022 compared to the previous three months. Preliminary data …