European stocks opened slightly lower on Tuesday, as declines in real estate stocks amid higher bond yields offset gains in retail stocks, led by British department store Marks & Spencer, which raised its profit forecasts. And by 0720 GMT, the European Stoxx 600 index fell 0.1 percent, with real estate …
Read More »NFP in Focus: Gold, Dollar, and Stocks Brace for a Defining US Jobs Test
Global markets are entering a decisive moment as investors shift their full attention to the upcomin…
Eurozone Defies the Slowdown as Growth Holds and Inflation Cools
The euro area ended last year on a stronger footing than many had expected, showing resilience despi…
U.S. Import Prices Flat in December After Prior Month Decline
U.S. import prices were unchanged on a year-on-year basis in December, marking a stabilization after…
U.S. Stock Futures Flat as Investors Weigh Weak Retail Sales and Earnings Season
U.S. stock index futures were little changed on Tuesday, as investors digested softer-than-expected …
U.S. Retail Sales Stall in December, Signaling Slower Momentum in Consumer Spending
U.S. retail sales unexpectedly stagnated in December, pointing to a sharper-than-expected slowdown i…
European Stocks Mixed as Earnings Season Rolls On Amid Improving Global Sentiment
European equities traded in mixed fashion on Tuesday, as investors weighed a heavy slate of corporat…
Bitcoin Slips Below $70,000 as Investors Await Key U.S. Jobs and Inflation Data
Bitcoin fell back below the $70,000 level during Asian trading on Tuesday, once again struggling to …
Oil Prices Edge Lower as Strait of Hormuz Risks and Russia Sanctions Shape Market Outlook
Oil prices slipped slightly on Tuesday as traders weighed the risk of potential supply disruptions l…
Hedge Funds Bet Big on US Stocks Amid AI Disruption and Market Volatility
Hedge funds are increasingly taking bold short positions on US stocks, signaling growing anxiety ove…
Oil Prices Surge After U.S. Warning Over Iranian Waters
Oil prices rose sharply on Monday after the United States issued an official warning to American-fla…
Market Analysis
August, 2023
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15 August 2023 1:06 pm
The Russian Central Bank raises interest rates by 350 basis points at an extraordinary meeting
Russia’s central bank raised interest rates by 350 basis points, to 12 percent, on Tuesday, in an emergency move aimed at trying to halt the ruble’s slide below 100 against the dollar after the Kremlin’s public call for tightening monetary policy. The convening of the extraordinary meeting of the Central …
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15 August 2023 12:03 pm
Nikkei closes higher, boosted by gains on Wall Street
japanese-yen
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15 August 2023 4:56 am
Market Drivers – US Session, August 14
The US Dollar Index closed over 103.15, marking its highest daily close in almost a month. It did, however, finish well below the intraday high, indicating that it may consolidate over the coming hours.US Treasury yields continue to provide a significant support for the dollar. Both the 10-year yield and …
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15 August 2023 1:08 am
Nvidia surge leads Megacap gains as US Indexes close higher
Following an optimistic note from Morgan Stanley, shares of chipmaker Nvidia rose, helping the S&P 500 and Nasdaq close higher. As investors awaited the earnings results from US retailers, this caused other Megacap growth stocks to increase. The information technology index increased thanks to Nvidia’s gain, making it the strongest …
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14 August 2023 11:44 pm
EUR/GBP declines ahead of key British economic data
The EUR/GBP pair has declined for a second consecutive day, falling towards 0.8605. The Eurozone’s preliminary Q2 GDP report is set to be released on Wednesday, and no relevant data releases will feature on Monday’s economic calendar. The Office for National Statistics will release key labour market data on Tuesday, …
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14 August 2023 10:34 pm
Gold price around five-week low ahead of awaited US Retail Sales
Because of the US dollar’s strength and surging US Treasury bond yields, the price of gold has continued to perform worse. Because of higher rental prices, inflation increased steadily at a rate of 0.2% in July. In September, the Fed is anticipated to leave interest rates steady. The precious metal …
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14 August 2023 9:18 pm
Forecast by six major banks on looming UK CPI
Economists and analysts of six big banks contributed their forecast regarding the impending UK inflation print. The UK will release the Consumer Price Index (CPI) data on Wednesday, August 16 at 06:00 GMT.Headline is predicted to be 6.8% year-over-year, down from the reading of 7.9% in June. If so, the …
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14 August 2023 8:44 pm
After touching 17-month low, will Russian central bank save the ruble?
As Moscow raised military spending and Western sanctions put pressure on its energy exports, the value of the Russian currency dropped to its lowest level since the early days of the Ukraine conflict. As a result, the Russian central bank announced that it will hold an emergency meeting to review …
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14 August 2023 7:26 pm
NY Fed Survey: Year-ahead expected inflation drops
The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation dropped to the lowest level since April 2021 at 3.5% in July from 3.8% in June.The US Dollar Index showed no immediate reaction to this report and was …
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14 August 2023 4:41 pm
Goldman expects Fed to start rate cuts in Q2 next year
The Federal Open Market Committee (FOMC), according to Goldman Sachs, may begin reducing the funds rate in the second quarter of 2024. This estimate assumes that core Personal Consumption Expenditures (PCE) inflation will have fallen below 3% on a yearly basis and under 2.5% on a monthly basis. Even if …
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14 August 2023 2:46 pm
The strength of dollar plunged gold to its lowest level in 5 weeks
Gold prices fell on Monday, August 14, to their lowest level in more than five weeks, after the dollar and bond yields rose, ahead of the upcoming publication this week of the minutes of the US Federal Council meeting for the month of July, which may provide indications that will …
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14 August 2023 12:48 pm
European stocks decline with shares of commodities-related companies falling
European stocks opened lower on Monday, led by losses from miners with exposure to China on concerns about its ailing real estate sector, and energy stocks fell on lower oil prices. And by 0703 GMT, the European Stoxx 600 index fell 0.1 percent, extending losses from the previous session. Shares …
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