Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Higher prices helped Caterpillar boost profit margins and offset a drop in sales volume. Caterpillar shares were on pace to close at a record high after the excavator and bulldozer builder reported a fourth-quarter profit that …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
February, 2024
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5 February 2024 8:27 pm
McDonald’s stock slightly dipped after sales disappoint
McDonald’s stock fell marginally in premarket trade Monday as the world’s largest fast food restaurant failed earnings projections and, like Starbucks last week, blamed weaker sales on the Israel-Hamas war.McDonald’s reported Q4’s revenue of $6.41 billion, 7.5% higher than the $5.92 billion recorded in the same period previous year and …
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5 February 2024 7:33 pm
RBA Rate Decision Preview: Forecast by eight major banks
The Reserve Bank of Australia will announce its next Interest Rate Decision on Tuesday, February 6 at 03:30 GMT. As the release date approaches, here are estimates from economists and researchers at eight major banks about the next central bank decision.The customary rate decision and post-meeting statement will be followed …
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5 February 2024 3:21 pm
Gold Prices Retreat Amid Dollar Strength and Rising Treasury Yields
On Monday, gold prices experienced a decline as the dollar strengthened, and U.S. Treasury bond yields rose following a robust jobs report. The data indicated a strong performance in the job sector, dampening expectations of an imminent interest rate cut by the Federal Reserve. Gold Price Movements Spot Gold Drops …
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5 February 2024 2:57 pm
European stocks open higher on positive business results
European stocks saw a positive start to the trading session on Monday, fueled by more upbeat corporate results, although investor confidence faced headwinds from global economic considerations and reassessment of interest rate expectations. Market Overview STOXX 600 Index Rises 0.2 Percent The European STOXX 600 index demonstrated resilience, rising by …
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5 February 2024 1:20 pm
Dollar Hits 8-Week High Amidst Diminished Rate Cut Expectations
On Monday, the US dollar surged to its highest level in eight weeks against major currencies as traders recalibrated their expectations for significant interest rate cuts by the Federal Reserve this year. The robust performance of the US economy, coupled with a stronger-than-expected jobs report, contributed to the dollar’s ascent. …
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5 February 2024 11:58 am
Nikkei Rises on Weaker Yen and Wall Street Gains
On Monday, Japan’s Nikkei index experienced a rise, propelled by the weakening yen and positive momentum from Wall Street over the weekend. The Nikkei climbed 0.54 percent, closing at 36,354.16 points. The broader Topix index also witnessed an increase of 0.67 percent. Market Dynamics and Stock Movement Support from Wall …
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5 February 2024 10:57 am
Oil Prices Stabilize Amidst Middle East Tensions and Ceasefire Efforts in Gaza
In the early hours of Monday’s Asian trading session, oil prices steadied following significant declines last week. The market’s focus remained on ongoing attempts to negotiate a ceasefire agreement in the Gaza Strip. Despite these diplomatic efforts, the United States has signaled its intention to carry out additional attacks on …
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5 February 2024 6:31 am
The Global Financial Pulse – Weekly Recap
The past week proved to be a rollercoaster for global financial markets, dominated by pivotal events that shaped the economic landscape. From the Evergrande saga to pivotal interest rate decisions and robust US job data, here’s a comprehensive breakdown of the week that was. American Interest – The Fed’s Pause …
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3 February 2024 1:30 am
Market Drivers – US Session, February 2
Gold is -0.85% down, trading around $2037 per ounce at the time of writing, obviously impacted by the rallying US dollar following surprise NFP reading on Friday.European equities gained after the US Nonfarm Payrolls reached a one-year high, pushing investors further away from rate cut expectations. The pan-European STOXX600 index …
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3 February 2024 1:11 am
EUR/USD falls on stronger dollar following NFP data
The EUR/USD pair is losing important technical control after the US Jobs Report outperformed expectations, with US Nonfarm Payrolls reaching a one-year high and causing substantial upward revisions to earlier data points. The pair is trading at 1.0792, down -0.72% as of writing.The US economy continues to impress investors, with …
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2 February 2024 11:14 pm
Dollar advances as traders abandon rate cut hopes in March
The DXY Index rallied by over 0.80% to 103.90 on Friday, with US Nonfarm Payrolls surpassing expectations for January. US bond yields are increasing as markets push towards May’s start of the easing cycle.Fed Chair Powell confirmed that a March rate cut is unlikely despite market speculation, and the bank …
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2 February 2024 10:30 pm
Explainer: Why have commodities largely fluctuated in January?
In January 2024, financial markets were active and turbulent, with investors initially rejoicing as inflation fell and sectors such as semiconductors saw big gains. However, a hawkish central bank and geopolitical concerns tempered confidence, while dropping oil prices and stricter investment conditions put adverse pressure on investors.Financial markets continued its …
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