Market Update

The global cryptocurrency market has reached a new milestone, surpassing $3 trillion in market capitalization. This surge follows Donald Trump’s election as U.S. president, which has fueled speculation of more favorable regulatory conditions that could accelerate growth across digital assets. Data from CoinGecko showed that the total value of the …

European stock markets showed mixed results on Thursday as investors processed a wave of corporate earnings reports and key regional economic data. By early morning trade, Germany’s DAX index climbed 0.6%, while France’s CAC 40 gained 0.2%. In contrast, the UK’s FTSE 100 edged down by 0.1%. Eurozone Growth and …

Oil prices declined in early trading on Thursday, erasing much of the previous session’s gains due to a stronger dollar and ongoing worries about higher global oil output against a backdrop of slow demand growth forecasts. Brent crude futures fell by 45 cents, or 0.6%, to $71.83 a barrel at …

Wall Street Rallies on Tepid InflationThe Dow Jones Industrial Average and S&P 500 climbed on Wednesday, buoyed by October’s consumer price index (CPI) report. The data, which showed inflation remaining relatively tame, reinforced expectations that the Federal Reserve will continue its path of interest rate cuts.A Closer Look at the …

The Euro has continued its downward trajectory, plunging below the 1.0600 level against the US Dollar on Wednesday. This marks a significant decline and a new year-long low for the Euro, highlighting the growing disparity between the two major currencies. A brief respite from the Euro’s weakness was observed following …

The US dollar surged on Wednesday, fueled by hawkish comments from Dallas Fed President Lorie Logan. Logan’s cautious tone regarding a potential December rate cut dampened market expectations, bolstering the Greenback.The US dollar remains a strong currency, and its recent surge underscores the market’s growing concern about potential inflationary pressures …

Headline inflation in the United States rose in October as anticipated, according to the Labor Department, drawing the attention of the Federal Reserve as it prepares for a pivotal policy meeting next month. The consumer price index (CPI), a primary measure of price growth in the U.S., increased by 2.6% …

UK stock indexes slipped slightly on Wednesday as investors awaited key U.S. inflation data, which is expected to influence the direction of monetary policy. By 11:46 GMT, the FTSE 100 had edged down 0.1%, while the FTSE 250 index of midcap companies dropped 0.2%. Global markets remained subdued ahead of …

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, …

U.S. stock index futures experienced slight declines on Wednesday morning as the market rally following the election took a pause, with investors shifting their attention to the upcoming U.S. inflation data. As of 05:45 ET (10:45 GMT), Dow Jones Futures were down 55 points, or 0.1%, S&P 500 Futures slipped …