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Market Update

Sterling Slumps as “Triple Threat” of Data Sets Stage for BoE’s Pre-Christmas Rate Cut

The British Pound faced a sharp decline on Wednesday, retreating against the U.S. Dollar as a wave of downbeat economic signals shifted the landscape for the UK economy. With inflation cooling faster than expected, unemployment rising, and national output shrinking, the stage is now set for a major policy shift …

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US Equities Mixed as Energy Sector Rallies on Venezuela Sanctions

Wall Street saw a fragmented performance on Wednesday as geopolitical tensions bolstered energy and mining stocks, while broader indices struggled for momentum amid shifting global bond yields.Market Summary: A Divergent SessionMajor benchmarks closed with mixed results as investors weighed geopolitical risks against domestic economic commentary:S&P 500: Edged lower, slipping by …

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U.S. Stock Futures Edge Higher Ahead of Fed’s Waller as Soft Data Shapes Rate-Cut Debate

U.S. stock index futures ticked higher on Wednesday as investors weighed a run of softer economic indicators and positioned for remarks from Federal Reserve Governor Christopher Waller, a closely watched event after recent shifts in policy expectations. By 06:10 ET (11:10 GMT), Dow Jones futures were up 110 points (+0.2%), …

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Bitcoin Holds Near $87,000 as ETF Outflows and Fed Uncertainty Weigh on Sentiment

Bitcoin traded largely flat near the $87,000 level on Wednesday, stabilizing after modest losses earlier in the week, as persistent outflows from U.S.-listed exchange-traded funds (ETFs) and uncertainty over the Federal Reserve’s interest-rate outlook kept investors cautious. The world’s largest cryptocurrency was last seen little changed at $86,748 by 01:51 …

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