The US and Western allies have imposed sanctions on oil shippers and traders who have been helping Russia bypass price restrictions. Since a price cap on Russian oil was set last year, Moscow has developed a shadow fleet of tankers and found alternative insurance and financing options, enabling it to …
Read More »Oil Prices Soar Amid U.S.-Iran Tensions – 2026 Outlook Brightens
Crude Oil Surges as Geopolitical Tensions Heat UpGlobal oil prices surged sharply this week as tensi…
Wall Street Stumbles as Global Tensions Bite, Inflation Clouds the Outlook
Wall Street opened today under a heavy cloud of renewed inflation worries. Fresh data showed that pr…
SpaceX ETF Hits Turbulence as Private Stock Stakes Balloon, A Private Giant in Public Hands
The SpaceX ETF is under the spotlight as its stake in the private space company has soared to nearly…
Behind the AI Race Scene: Is Apple Playing a Different Game?
In the high‑stakes world of artificial intelligence, the headlines are dominated by tech giants raci…
Gold Surges Past $5,200 Amid US-Iran Tensions
Gold reclaimed the $5,200 level on Friday, driven by heightened geopolitical risks and a surge in sa…
Dollar Fails to Shine as Inflation Heats Up, Euro Holds Its Ground, Yen Finds Footing
The U.S. dollar is showing signs of hesitation despite recent inflation data that many had expected …
Inflation Heats Up Again: Rising Producer Prices Shake Markets, Bitcoin Slips
Fresh U.S. inflation data has stirred markets, showing that price pressures are still lingering in t…
Germany’s Inflation Cools to 1.9% in February, Easing Pressure on the Euro
Germany’s annual inflation slowed to 1.9% in February, down from 2.1% in January, signaling a modest…
Oil Jumps as Iran Nuclear Talks Stall, Reviving Fears of Middle East Supply Disruptions
Oil prices climbed sharply on Friday after negotiations between the United States and Iran over Tehr…
Wall Street Futures Slide as Nvidia Pullback and Inflation Jitters Darken Week’s End
U.S. stock index futures fell on Friday, signaling a cautious close to the week as renewed pressure …
Market Analysis
December, 2023
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21 December 2023 12:22 am
US stocks retreat on profit taking
Stocks experienced a decline on Wednesday due to investors cashing in profits following the market’s recent hot streak. FedEx, the largest laggard in the S&P 500, lost over 10% due to disappointing revenue outlooks and disappointing second-quarter results. The , a price-weighted index of 20 stocks, also fell by 0.9%. …
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20 December 2023 11:55 pm
Final PCE reading in 2023 could weigh on rate policy outlook
The PCE inflation data, in the United States, on Friday is expected to be the final key piece of data for the year, and an upside surprise is required to give the Fed’s push-back attempts more credibility. If an upside surprise does not materialize, it will be difficult for the …
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20 December 2023 10:49 pm
Treasury yields hits lowest since July
The 10-year US Treasury yield hit its lowest level since July as traders assessed the Federal Reserve’s future rate cuts. The yield on the benchmark 10-year Treasury note was last down around 2 basis points to 3.901%, its lowest level since July 27 when the 10-year yield was as low …
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20 December 2023 10:07 pm
Biden Urged To Block Foreign Acquisition Of Iconic Company
In a letter to Treasury Secretary Janet Yellen, three senators urged the Biden administration to thwart the recent agreement between the US Steel Corporation and Nippon Steel Corporation (NSC) of Japan. NCS declared that it will buy US Steel for $55 per share and take on the $14.9 billion in …
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20 December 2023 9:15 pm
Gold expected to hold above $2000 in 2024
Gold is trading around $2035 per ounce at the time of writing. It is worth mentioning that the precious metal’s price previously surged more than 20% to a record high of $2135 in 2023. Economists and experts predict that gold’s upside will soon reach a ceiling. It is generally predicted …
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20 December 2023 7:57 pm
US CB Consumer Confidence Index Beats Expectations
The US CB Consumer Confidence Index rose to 110.7 in December, indicating a significant improvement in consumer sentiment. The report also revealed that the Present Situation Index rose to 148.5, and the Consumer Expectations Index advanced to 85.6. The one-year consumer inflation rate expectation edged lower to 5.6%. The US …
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20 December 2023 7:17 pm
US Existing Home Sales Unexpectedly Rise 0.8% In November
US existing home sales unexpectedly rose in November, to seasonally adjusted annual rate of 3.82 million units, ending five consecutive monthly decreases, according to the National Association of Realtors. Further gains could be limited by a chronic shortage of houses on the market. Home resales, accounting for a large portion …
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20 December 2023 4:54 pm
UK CPI inflation softens to 3.9% in November
According to the latest data released by the Office for National Statistics (ONS), the United Kingdom’s Consumer Price Index (CPI) recorded a 3.9% year-on-year increase in November. This figure represents a slight deceleration from the 4.6% rise observed in October, and it falls below market expectations of a 4.4% acceleration. …
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20 December 2023 3:32 pm
European stocks rise amid expectations of interest rate cuts
European shares saw an uptick on Wednesday, driven by anticipations of interest rate cuts following data indicating a slowdown in inflation in both Britain and Germany. Additionally, a surge in commodity prices contributed to gains in resource stocks. The STOXX 600 index recorded a 0.3 percent rise by 0818 GMT, …
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20 December 2023 2:46 pm
Oil rises as traders focus on navigation developments in the Red Sea
Oil prices experienced a notable surge on Wednesday, following a more than one percent increase in the previous session, driven by concerns over global trade disruptions and heightened geopolitical tensions in the Middle East. The catalyst for this upswing was the recent series of Houthi attacks on ships in the …
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20 December 2023 1:12 pm
Dollar continues to rise amid expectations of interest rate cuts
On Wednesday, the dollar sustained an upward trend against a basket of peer currencies as traders assessed the possibility of the Federal Reserve implementing interest rate cuts. According to the CME Group’s FedWatch tool, investors are indicating a 69 percent probability of a rate cut occurring during the Federal Open …
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20 December 2023 12:28 pm
Japan’s Nikkei index closes at its highest level in 5 months
Japan’s Nikkei closed at its highest level in more than five months on Wednesday, reaching 33,675.94 points, marking the highest closing level since July 3. The index rose by 1.37 percent. The broader Topix index also experienced gains, rising by 0.67 percent to reach 2,349.38 points. Investor caution over the …
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