Market Update

The Dow Jones Industrial Average surged over 500 points on Friday, fueled by renewed expectations of interest rate cuts from the Federal Reserve. This followed a period of declining Treasury yields, suggesting easing inflationary pressures.While inflation remains above target, recent data points to a potential slowdown, increasing the likelihood of …

On Friday, Chancellor Olaf Scholz presented his vision to rejuvenate Germany’s struggling economy during a campaign event at Volkswagen’s historic home base, which has been hit hard by the ongoing crisis. In front of a crowd of supporters, Scholz defended his government’s economic record, which has been battered by an …

The US Federal Reserve is expected to hold interest rates steady on January 29 and resume cutting in March, according to a slim majority of economists polled by Reuters. The survey, taken before President-elect Donald Trump’s inauguration, suggests lingering inflation pressures may allow the Fed to cut rates once more. …

The EUR/USD pair experienced a setback on Friday, losing ground amidst renewed resistance at the 20-day Simple Moving Average (SMA). While the pair managed to avoid a significant sell-off, attempts to break decisively above this key technical level were met with resistance, suggesting a lack of strong bullish momentum.   …

The U.S. dollar steadied on Friday but was set to break its six-week winning streak as investors reassessed the Federal Reserve’s monetary policy path and looked ahead to the inauguration of President-elect Donald Trump next week. Dollar Dips on Fed Rate Cut Expectations The dollar index, which measures the greenback …

U.S. stock index futures advanced on Friday, pointing to a positive end to the week as investors digested the ongoing earnings season and assessed the outlook for interest rates and trade policies. At 05:50 ET (10:50 GMT), Dow Jones Futures climbed 125 points, or 0.3%, while S&P 500 Futures gained …

China’s economy delivered stronger-than-expected growth in the fourth quarter of 2024, as a series of robust stimulus measures from Beijing began to yield results. Gross domestic product (GDP) expanded by 5.4% year-on-year in the three months ending December, surpassing market expectations of 5% and sharply accelerating from 4.6% growth in …

European shares advanced on Friday, bolstered by broad-based gains across sectors as government bond yields continued to decline. The pan-European STOXX 600 rose 0.4% by 0815 GMT, positioning the index for a fourth consecutive weekly gain, with a weekly jump exceeding 1.5%. Key Sector Performances The construction and materials sector …

Gold prices hovered near a one-month high during Asian trading hours on Friday, driven by investor uncertainty over U.S. interest rate policy and the incoming administration of President Donald Trump. Meanwhile, industrial metals like copper gained ground, buoyed by robust economic data from China. Gold Gains on Dollar Weakness and …

President-elect Donald Trump is reportedly preparing to issue an executive order that would elevate cryptocurrency to a national policy priority, signaling a significant shift in the U.S. government’s approach to digital assets. According to Bloomberg, the move, expected as early as Monday, could grant the cryptocurrency industry greater influence over …