Three monetary policymakers contributed their remarks and statements about the labour market, inflation and interest rate policy in the United States ahead of the PCE data that is expected on Friday.Federal Reserve Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta …
Read More »March 2026 Market Snapshot: Labor Softens, Inflation Holds Steady, Volatility Rules
February’s employment report, released early March, showed a clear pullback: nonfarm payrolls droppe…
Wall Street Slides Into Correction as Oil Shock and Geopolitical Fears Ignite Market Panic
US equities came under heavy selling pressure on Friday, with major indexes extending their decline …
Europe’s Carmakers Race Into the Defense Economy
A Strategic Shock Reshaping European Industry: Europe is no longer treating defense as a peripheral …
Sterling Under Pressure as Global Tensions Lift the Dollar
The British Pound struggled to maintain momentum at the end of the week, hovering just above the 1.3…
U.S. Treasury Yields Hit Multi-Month High as Oil Surge Fuels Inflation Fears
Benchmark U.S. Treasury yields climbed to their highest level since July on Friday, as investors rea…
Bitcoin Slips as Iran War Uncertainty and $14 Billion Options Expiry Weigh on Sentiment
Bitcoin declined on Friday, capping a subdued week as investor caution intensified amid geopolitical…
U.S. Futures Decline as Oil Tops $110 and Middle East Risks Intensify
U.S. stock futures moved lower on Friday, while oil prices climbed back above the $110-per-barrel ma…
European Stocks Hold Steady as Hormuz Crisis Keeps Oil Elevated
European equity markets traded in a narrow range on Friday, as investors weighed persistent geopolit…
Gold Rebounds Over 2% as Softer Dollar and Iran Talks Support Bullion
Gold prices rose sharply in Asian trading on Friday, recovering from the previous session’s losses a…
UK Retail Sales Fall Less Than Expected, But Rising Energy Costs Cloud Outlook
British retail sales volumes declined in February, highlighting growing pressure on consumer spendin…
Market Analysis
May, 2024
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30 May 2024 9:39 pm
Oil prices decline despite supply dip
Crude Oil prices have fallen back despite a sharp decline in US crude oil supplies, with West Texas Intermediate crude oil trading at $77.51 per barrel. Investor concerns are growing that a reported extension in OPEC cuts will be enough to prop up barrel bids. OPEC and its extended network …
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30 May 2024 8:04 pm
Gold recovers following US GDP data
Gold is 0.26% up, trading at 2,343.18 per ounce at the time of writing. The precious metal‘s price has recovered after the US dollar weakens following the release of revised Q1 GDP data. The revised data suggests the US economy is not as strong as analysts had previously thought, potentially …
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30 May 2024 7:19 pm
US inflation shows limited decline in Q1
The personal consumption expenditures price index reading in the United States rose by 3.3% in the first quarter of 2024, versus a slightly larger rise of 3.4%, previous.The personal consumption expenditures index excluding food and energy prices in the United States recorded an increase of 3.6% in the first quarter …
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30 May 2024 4:34 pm
U.S. Futures Weaken on Treasury Yields and Fed Uncertainty, Salesforce Dips After Earnings
U.S. stock futures retreated on Thursday, signaling further losses after a prior session decline, as investors grappled with soaring Treasury yields and uncertainty surrounding the Federal Reserve’s potential interest rate cuts. By early morning trading, Dow futures dropped 0.9%, S&P 500 futures fell 0.5%, and Nasdaq 100 futures slipped 0.6%. …
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30 May 2024 2:58 pm
European Stocks Stabilize as Bond Markets Rebound, Focus on Inflation Data
European stock markets found some stability on Thursday as bond markets recovered from the previous day’s sell-off, which was driven by expectations of prolonged higher interest rates due to persistent inflation. The pan-European STOXX 600 index edged up nearly 0.2%, following a decline of over 1% on Wednesday. Germany’s DAX, …
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30 May 2024 1:38 pm
Dollar Holds Firm After Reaching Two-Week High Amidst Rising Treasury Yields
The U.S. dollar maintained its strength on Thursday, following a recent surge to a two-week high fueled by a rout in U.S. Treasuries, which pushed up yields and increased the currency’s attractiveness. The dollar index, which tracks the greenback against a basket of major currencies, reached 105.18 overnight, its highest …
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30 May 2024 12:55 pm
European Stocks Retreat as Bond Yields Surge Ahead of Inflation Data
European stock markets experienced a broad decline on Thursday, driven by rising global bond yields, which heightened investor concerns ahead of the eagerly anticipated inflation data release at the end of the week. Early in the trading session, Germany’s DAX index fell 0.3%, the UK’s FTSE 100 dropped 0.2%, while …
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30 May 2024 12:46 pm
Oil Prices Ease on Stronger Dollar, Higher-for-Longer Rates Outlook
Oil prices declined on Thursday as the stronger U.S. dollar and expectations of prolonged high interest rates raised concerns about potential demand reduction. Brent futures dropped 0.3% to $83.34 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.3% to $79.00. Both benchmarks are on track for monthly losses, …
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30 May 2024 12:22 pm
Bitcoin Price Dips Amid Fed Rate Uncertainty, While Ether Cools After ETF Hype
Bitcoin experienced a slight decline on Thursday, remaining within its established trading range as investors awaited crucial U.S. economic data that could influence the outlook for interest rates. While easing concerns about a potential sell-off by defunct exchange Mt Gox provided some relief, the strengthening dollar, driven by anticipation of …
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30 May 2024 5:18 am
Market Drivers – US Session, May 29
Amid multi-week highs in US yields, the USD Index (DXY) increased further and broke above the crucial 105.00 barrier. A further update to the Q1 GDP Growth Rate is scheduled for May 30, with weekly Initial Jobless Claims, Goods Trade Balance, and Pending Home Sales serving as backups. Bostic, Williams, …
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30 May 2024 2:58 am
Yen retreats to 4-week lows versus surging dollar
The dollar rose today, boosted by higher US bond yields ahead of key inflation data later in the week and strengthened against the Japanese yen. The dollar reached as high as 157.715 yen, edging closer to levels that led to bouts of likely intervention from Tokyo at the end of …
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30 May 2024 1:42 am
Oil prices slide ahead of US EIA Data
Oil prices fell on Thursday as markets await the latest U.S. crude oil stockpiles data. Resilient U.S. economic activity suggests that borrowing costs will remain higher for longer, potentially impacting demand. Brent futures lost 9 cents to trade at $83.52 a barrel, while U.S. West Texas Intermediate (WIT) crude was …
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