Phillip Jefferson, the Fed Vice Chair of the Board of Governors, delivered a speech on Thursday in Washington, DC, at the Peterson Institute for International Economics.Key QuotesContinuing strength in spending is an upside risk to forecasts.Fed needs to remain vigilant, nimble.Fed shouldn’t be taken by surprise by any unexpected shocks.Fed’s …
Read More »Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Gold Prices Dip After Record Surge, Market Eyes Tariffs & Economic Risks
Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors ba…
Market Analysis
February, 2024
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22 February 2024 5:34 pm
Oil Prices Edge Up Amid Dollar Decline and Yemen Ship Attack
Key Highlights: Oil prices edge up with Brent crude and WTI futures seeing modest gains.Weakened dollar and Yemen ship attack contribute to price increase.Brent crude reaches $83.38 per barrel, while WTI climbs to $78.28 per barrel.Attack on ship off Yemen’s coast adds geopolitical tension to market sentiment.Increase in US crude …
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22 February 2024 4:49 pm
The Turkish Central Bank keeps interest rates unchanged
Key Points: Turkey’s central bank keeps key interest rate steady at 45 percent.Decision aligns with market expectations post-last month’s rate hike.Central bank prepared to tighten monetary policy if significant and sustained deterioration in inflation expectations emerges.Appointment of Fateh Kara Khan as governor followed the resignation of Hafiza Ghaya Arkan.Monetary tightening …
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22 February 2024 3:10 pm
Germany’s Economic Contraction Deepens in February
Germany witnessed a deepening economic contraction in February, as a modest uptick in services activity failed to offset a significant downturn in the manufacturing sector, according to a preliminary survey published on Thursday. The Standard & Poor’s Global Hamburg Commercial Bank Composite Purchasing Managers’ Index (PMI) plummeted to 46.1 points …
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22 February 2024 3:09 pm
European Stocks Surge to New Record High
European stocks soared to a new record high on Thursday, buoyed by a robust performance in global equities, notably with Japan’s Nikkei index reaching unprecedented levels. The European STOXX 600 index surged to 495.77 points, surpassing its previous peak of 495.46 points set in January 2022. This surge was fueled …
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22 February 2024 3:07 pm
Oil Prices Hold Steady Amid Signs of Supply Shortages
Oil prices experienced a slight uptick on Thursday, maintaining gains from the previous session amidst indications of supply shortages. US West Texas Intermediate (WTI) crude futures inched up by 17 cents to $78.08 per barrel for the next month. Meanwhile, the May contract saw a modest increase of 14 cents, …
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22 February 2024 12:49 pm
Japanese Stocks Hit Record High Amidst Foreign Investment Surge
Japanese stocks surged to a new record high on Thursday, surpassing levels last seen in 1989, as falling valuations and corporate reforms lured foreign investors seeking alternatives to turbulent Chinese markets. The Nikkei index soared by 2.19 percent to close at 39,098.68 points, reaching an intraday peak of 39,156.97 points—exceeding …
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22 February 2024 12:48 pm
Gold rises supported by the decline in the dollar and Middle East tensions
Gold Surges on Weak Dollar and Middle East Tensions Gold prices surged on Thursday, bolstered by a weakened dollar and escalating tensions in the Middle East. Investors eagerly awaited more US economic data for insights into the Federal Reserve’s future interest rate decisions. At 0328 GMT, spot gold climbed 0.1 …
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22 February 2024 11:25 am
Gold Prices Rise Amid Dollar Weakness and Middle East Tensions
Gold prices climbed on Thursday, buoyed by a weakening dollar and escalating tensions in the Middle East. Investors remained attentive to upcoming US economic data, seeking insights into the Federal Reserve’s future interest rate policies. By 0328 GMT, spot gold advanced by 0.1 percent to $2,026.7 per ounce, following yesterday’s …
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22 February 2024 2:48 am
Market Drivers – US Session, February 21
In the face of shifting risk appetite patterns and the FOMC Minutes’ lack of surprises, the dollar somewhat weakened on Wednesday. Meanwhile, speculation about when the Fed could cut interest rates for the first time continued to drive general market mood. In the context of continued increases in riskier assets, …
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22 February 2024 2:14 am
Us stocks enjoy late session rebound after Nvidia’s results
US stocks were able to erase previous losses ahead of Nvidia Corp.’s quarterly numbers, as investors eagerly awaited the firm’s ability to match the high expectations surrounding artificial-intelligence technology. Nvidia has been the poster child of AI enthusiasm, making semiconductor chips that power generative AI and demand for those chips …
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22 February 2024 1:52 am
Nvidia’s Q4 results beat Wall Street’s expectations
Nvidia stock is soaring despite Wall Street’s bad week. Nvidia will pay its next quarterly cash dividend of $0.04 per share on March 27, 2024, to all shareholders of record on March 6, 2024.Nvidia reported earnings after the bell, on Wednesday, beating analysts’ estimates on the top and bottom lines. …
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22 February 2024 1:01 am
FOMC: No rate cuts unless inflation further moderates
The minutes from the most recent meeting of the Federal Reserve indicate that before hiking interest rates, officials will need to see more proof that inflation is heading downward. Though they aren’t prepared to drop rates just yet, policymakers don’t see rates rising during this economic cycle.Several members of the …
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