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Oil prices experienced a significant surge on Wednesday, with West Texas Intermediate (WTI) reaching the $70 per barrel mark. This sharp increase was primarily driven by a larger-than-expected drawdown in US crude oil reserves, as reported by the Energy Information Administration (EIA). The market reacted positively to this news, as …
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23 June, 2026 1:37 pm
European Stocks Slide 1% as Iran Peace Euphoria Evaporates and Higher-for-Longer Rate Fears Return: ECB’s Next Move in Focus
Key Takeaways Sharp open in red: The Stoxx 600 fell 1%, Germany’s DAX dropped 1.3%, FranceR…
23 June, 2026 12:46 pm
Gold Plunges 2% as December Fed Hike Odds Hit 90%: Dollar Near 13-Month High Squeezes Bullion From Both Sides
Key Takeaways Gold falls sharply: Spot gold dropped 1.8% to $4,117.61 per ounce, while gold futures …
23 June, 2026 11:40 am
Oil Edges Up After Monday’s 3% Crash: U.S. Issues 60-Day Iranian Oil Sanctions Waiver as Peace Deal Momentum Builds
Key Takeaways Modest rebound: Brent rose 0.3% to $78.10 per barrel, while WTI gained 0.4% to $74.18 …
23 June, 2026 3:07 am
Farewell to a Legend, Fed’s New Chapter Begins
The economic world bid farewell to one of its most influential figures, who passed away at the age o…
23 June, 2026 2:39 am
U.S. Markets Mixed as Tech Weakens and Oil Prices Retreat
Wall Street’s Uneven SessionU.S. stocks closed Monday on a divided note, with industrial strength li…
23 June, 2026 1:48 am
Washington, Tehran’s New Agreement Sparks Questions Over What Was Actually Signed
Less than a week after the United States and Iran signed a 60-day framework aimed at reducing tensio…
23 June, 2026 12:42 am
2.2 Trillion Dollar Valuation in Week One: SpaceX’s IPO Sends Investors Racing Toward the Future
SpaceX Surpasses Expectations as Market Bets on a New Era of Space and ConnectivityJust one week aft…
22 June, 2026 11:49 pm
Micron Technology Poised for Strong Gains as Earnings Surge
As Micron Technology approaches the release of its third‑quarter earnings, investors are anticipatin…
22 June, 2026 10:37 pm
Gold Climbs as Oil Prices Slide on US-Iran Talks, While Silver Joins the Precious Metals Rally
Gold prices moved higher as the week began, supported by improving market sentiment after signs of p…
22 June, 2026 9:34 pm
Bitcoin ETFs Suffer Record $6 Billion Outflow Streak as Investors Shift Focus to AI Boom
Bitcoin traded mixed this week as investors balanced improving price stability against a historic wa…
Market Analysis
December, 2024
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12 December 2024 12:50 am
How have US, European stock markets reacted to CPI data?
Calm After the StormEuropean markets closed higher on Wednesday, as investors digested a relatively benign U.S. inflation report. The pan-European Stoxx 600 index ended the day up 0.28%, rebounding from a recent losing streak. While some sectors, such as media, saw gains, retail stocks, particularly Inditex, experienced a decline due …
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11 December 2024 11:05 pm
ECB Poised For Last Cautious Rate Cut In 2024 Amid Economic Uncertainty
For the fourth time this year, the European Central Bank is anticipated to lower its key deposit facility rate by a quarter point, to 3 percent. In order to prevent the Eurozone from slipping into stagnation due to political impasse in France and policy drift in Germany, many also anticipate …
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11 December 2024 10:12 pm
Canadian Dollar Rebounds Post-BoC Rate Cut
The Canadian Dollar staged a modest recovery on Wednesday, gaining 0.2% against the US Dollar. This uptick followed the Bank of Canada’s decision to implement another 50-basis-point interest rate cut.BoC Takes Aggressive StanceThe central bank’s latest move underscores its commitment to stimulating economic growth in the face of weakening economic …
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11 December 2024 8:31 pm
XAU Rises on Fed Rate Cut Optimism
Gold prices climbed on Wednesday, December 11, 2024, as the latest inflation data increased the likelihood of a Federal Reserve interest rate cut next week.Spot gold gained 0.7% to $2,713.29 per ounce, while U.S. gold futures rose 1.4% to $2,756.00. The U.S. Consumer Price Index (CPI) for November came in …
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11 December 2024 6:58 pm
BoC slashes rate policy by 50 basis points as expected
Bank of Canada (BoC) took a decisive step on Wednesday, slashing its policy rate by 50 basis points to 3.25%. This move, widely anticipated by market analysts, aligns with the central bank’s efforts to stimulate economic growth and combat inflationary pressures. The Canadian Dollar weakened further against the US Dollar …
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11 December 2024 5:54 pm
U.S. Consumer Prices Rise Slightly in November, Supporting Expectations for Fed Rate Cut
U.S. consumer prices edged up slightly in November on an annualized basis, aligning with expectations and reinforcing the likelihood of another interest rate cut by the Federal Reserve next week. The Consumer Price Index (CPI) published by the Labor Department rose by 2.7% year-over-year in November, marginally higher than October’s …
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11 December 2024 5:06 pm
OPEC Cuts Global Oil Demand Growth Forecast for 2024
OPEC announced on Wednesday a reduction in its global oil demand growth forecast for 2024, marking the fifth consecutive downward revision in its monthly report. This adjustment reflects increasing concerns over macroeconomic challenges, including slowing global economic growth, high interest rates, and subdued industrial activity. The group also lowered its …
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11 December 2024 4:27 pm
US Futures Hold Steady Ahead of Inflation Data; Crude Prices Rise on China Stimulus Hopes
US stock index futures showed little movement early Wednesday, stabilizing after a decline in the previous Wall Street session, as investors await pivotal inflation data. Meanwhile, crude oil prices gained amid expectations of increased demand in China following promises of economic stimulus. Market Snapshot Dow Jones Futures: Down 65 points …
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11 December 2024 3:50 pm
Bank of Canada Expected to Cut Rates Amid Economic Weakness
The Bank of Canada (BoC) is widely anticipated to reduce its key policy rate by another 50 basis points on Wednesday, marking the second consecutive move of this magnitude. The decision comes as Canada grapples with weak economic growth and rising unemployment, signaling an economy in need of support, according …
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11 December 2024 2:33 pm
US Dollar Strengthens on Inflation Anticipation; Euro, Sterling, and Yuan Weaken
The U.S. dollar advanced on Wednesday, bolstered by market anticipation ahead of the November consumer inflation report. The greenback’s strength weighed on the euro, sterling, and Chinese yuan, with broader implications for global currency markets. Key Developments Dollar Index Rises At 05:15 ET (10:15 GMT), the Dollar Index climbed 0.3% …
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11 December 2024 1:23 pm
Oil Prices Edge Higher on China’s Policy Signals and Demand Optimism
Oil prices rose on Wednesday as market optimism grew regarding potential demand recovery in China, the world’s largest crude importer, following Beijing’s announcement of a significant monetary policy shift aimed at spurring economic growth. Market Overview Brent Crude Futures: Up 24 cents (0.3%) to $72.43 a barrel by 0730 GMT. …
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11 December 2024 12:47 pm
European Markets Rebound in November Amid Style and Sector Shifts
European markets made a recovery in November after initial selloffs following the US elections. However, with the exception of Momentum, factor performance remained subdued. Momentum Style Faces Headwinds Barclays strategists, led by Matthew Joyce, maintained a Neutral stance on Momentum in November, despite its strong post-election performance. This cautious approach …
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