Most Asian stocks moved in a flat-to-low range on Monday, with Chinese markets logging sharp swings on mixed economic and policy cues, while investors turned cautious ahead of key U.S. inflation data this week. Chinese stocks were pressured by the prospect of more U.S. trade tariffs against the country. A …
Read More »Financial Markets Recap: Mixed Signals and Market Volatility Shape Investor Sentiment
The U.S. Last week, the U.S. stock market continued its upward trajectory, inching closer to record highs amid light trading volumes. The S&P 500 Index notched its third consecutive week of gains, nearing its all-time peak. While the broader market advanced, the spotlight was on value stocks, which outpaced growth …
Read More »Gold advances, ignores stronger US Dollar following soft US data
Gold advances on weaker than expected US data despite strong US Dollar Gold rebounds from daily lows, with the assistance of a significant push by a sharp drop in US consumer sentiment and future economic outlook. High US Treasury yields weren’t an excuse for Gold’s advance. US consumers expect inflation …
Read More »Why is Boeing Attracting Investors’ Attention?
Recently, Boeing has drawn attention from investors and is regularly included in lists of the most-searched stocks. Taking into account both historical and current data, let’s examine the main variables influencing Boeing’s stock performance.Stock Performance in FocusBoeing’s stock has done better than the market as a whole this month, rising …
Read More »US Dollar closes the week slightly higher as focus shifts to CPI data
With modest gains on Friday, the US Dollar Index, DXY, closed the week marginally higher. In order to assess the state of the US economy and any potential changes to Fed projections, markets are expecting additional economic data. While investors anticipate the next Federal Reserve’s decisions, the value of the …
Read More »USD/CAD sharply declines on strong Canadian jobs data
Following solid Canadian employment figures, the USD/CAD pair plunges impulsively to 1.3636, down -0.30%. On the Canadian front, the number of new payrolls increased by 90.4K, but the rate of annual wage growth decreased to 4.8%. According to Fed’s Bostic, the central bank is unsure about the best time and …
Read More »U.S. Futures Rise as Investors Eye Fed Speeches and Data
U.S. stock index futures climbed on Friday, driven by investor anticipation of speeches from Federal Reserve officials and awaited economic data, amidst a backdrop of increased bets on U.S. interest rate cuts. Market Overview After recent economic data bolstered expectations of U.S. interest rate cuts, U.S. stock index futures pointed …
Read More »Dollar Steadies as Labour Market Cools, Pound Rises on UK Economic Growth
On Friday, the dollar found its footing after experiencing overnight losses fueled by U.S. data signaling a cooling labour market. Meanwhile, the British pound edged higher following robust first-quarter economic performance in the UK. Dollar Performance Against the Japanese yen, the dollar regained some ground, trading at 155.68 yen, marking …
Read More »Gold Prices Rally as Dollar Weakens Amid Cooling Labor Market and Geopolitical Tensions
In the realm of precious metals, gold emerged as the shining star in Asian trade on Friday, extending its overnight gains amidst a backdrop of significant market shifts. A notable weakening of the U.S. dollar and Treasury yields provided a robust tailwind for the yellow metal, sending its prices soaring. …
Read More »Turkish Central Bank revises inflation forecasts upward, vows to maintain containment efforts
On Thursday, the Turkish Central Bank revised its inflation forecast for the end of the year, projecting it to reach 38 percent. Governor Fatih Kara Khan emphasized the bank’s commitment to taking decisive measures to prevent further deterioration in inflation, reaffirming its stance on tightening monetary policy. Presenting the quarterly …
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