The Dow Jones Industrial Average has celebrated its best month since October 2022 on Thursday, when gain has hit a new high for the year thanks to Salesforce’s earnings and declining inflation data. The Dow of 30 stocks rose 291 points, or almost 0.8%, above its previous peak set in …
Read More »Oil Prices Soar Amid U.S.-Iran Tensions – 2026 Outlook Brightens
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Wall Street Stumbles as Global Tensions Bite, Inflation Clouds the Outlook
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SpaceX ETF Hits Turbulence as Private Stock Stakes Balloon, A Private Giant in Public Hands
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Behind the AI Race Scene: Is Apple Playing a Different Game?
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Gold Surges Past $5,200 Amid US-Iran Tensions
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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
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Germany’s Inflation Cools to 1.9% in February, Easing Pressure on the Euro
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Oil Jumps as Iran Nuclear Talks Stall, Reviving Fears of Middle East Supply Disruptions
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Wall Street Futures Slide as Nvidia Pullback and Inflation Jitters Darken Week’s End
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Market Analysis
November, 2023
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30 November 2023 8:36 pm
US Dollar peaks on Chicago PMI reading
The US dollar trades in the green against all major currencies. US traders are seeing PCE confirming sticky pace of inflation. The US Dollar Index climbs above 103 and could still flip this week’s overall performance into positive territory. The dollar bulls are being back by Wednesday and Thursday’s data …
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30 November 2023 7:51 pm
Pending Home Sales in the US declined less than expected in October
US Dollar Index stays in the positive territory around 103.40. Pending Home Sales in the US rose 1.1% in October.On Thursday, the National Association of Realtors reported this reading followed a 1% increase recorded in September (revised from 1.1%) and came in better than the market expectation for a decrease …
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30 November 2023 5:26 pm
Eurozone Preliminary HICP inflation softens to 2.4% YoY in November
The Eurozone Harmonised Index of Consumer Prices (HICP) rose by 2.4% on an annual basis in November, marking a decrease from October’s 2.9% increase, according to official data published by Eurostat on Thursday. This figure fell short of market expectations, which anticipated a 2.7% print. In November, Core HICP inflation …
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30 November 2023 4:38 pm
Dollar rises from its lowest levels in 3 months
The dollar rose from its lowest level in three months on Thursday, but it is still on track to record the largest monthly decline in a year, as investors increase bets that the Federal Reserve (the US central bank) has finished raising interest rates, before the release of a decisive …
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30 November 2023 3:15 pm
Oil is stable as the market awaits the OPEC+ meeting
There was little change in oil prices on Thursday, as investors continued to remain cautious ahead of expected production cuts from the OPEC+ alliance, while Chinese factory data showed slowing growth in the world’s second-largest economy. By 0740 GMT, Brent crude futures increased 13 cents, or 0.2 percent, to $83.23 …
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30 November 2023 1:22 pm
European stocks rise thanks to mining and energy companies ahead of key inflation readings
European stocks rose on Thursday, led by mining and energy stocks, as investors awaited headline inflation levels in the United States and the euro zone that could support expectations of global interest rates peaking. The European STOXX 600 index rose 0.1 percent by 0810 GMT, achieving its largest monthly gain …
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30 November 2023 12:49 pm
Turkish Finance Minister: Economic growth will slow in the coming period
Turkish Finance Minister Mehmet Simsek said that the data released on Thursday showed that the Turkish economy grew by 5.9 percent in the third quarter, which is more than expected, and is encouraging, but this growth will slow in the coming period. “Economic growth is strong and this is encouraging,” …
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30 November 2023 12:12 pm
Gold consolidates ahead of US inflation test
Gold prices steadied on Thursday and moved in a narrow range, hovering near the highest level in nearly seven months, with investors awaiting a key reading on inflation to determine whether US interest rate cuts will come sooner than expected. By 0543 GMT, gold in spot transactions fell 0.1 percent …
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30 November 2023 2:03 am
Market Drivers – US Session, Nov. 29
Although it recovered somewhat from monthly lows, the US Dollar Index (DXY) was still under pressure. In the third quarter, the US economy grew at an annualized rate of 5.2%, which was higher than the previous estimate of 4.9%. The US will release important data on Thursday, such as the …
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30 November 2023 1:11 am
Inflation, other factors could trigger global economic slowdown in 2024
The Organization for Economic Cooperation and Development (OECD) is expecting international growth to slow down to 2.7% in 2024, the slowest annual growth since 2020’s pandemic.The combination of rising interest rates, high inflation, and wars is predicted to cause the world economy to contract in 2019. The OECD forecasts that …
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30 November 2023 12:26 am
Euro continues to lose ground against the Sterling
As the Euro declines in value relative to the Pound Sterling, the Euro/GBP is testing 0.8640. Consumer confidence in the eurozone does not change, but the business outlook does. The Euro is expected to lose ground to the Pound Sterling, setting up the pair for a fifth day of losses …
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29 November 2023 11:48 pm
Crude ignores US oil stockbuild, rises ahead of OPEC+ meeting
Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on an upcoming OPEC+ output policy meeting and looked past a jump in US crude, gasoline and distillate stockpiles. Brent crude futures were up $1.01, or 1.2%, to $82.69 a barrel by 1:34 p.m. ET …
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