US stocks slid during the US trading session after strong labour data spurred fears around further interest rate hikes by the US central bank, reviving concerns about the impact of those hikes on the economy.Both the S&P 500 and the Dow Jones Industrial Average, which plummeted by as much as …
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As investors analysed the minutes of the Federal Reserve’s June meeting, Wall Street futures declined on Thursday. However, Meta defied the trend by launching Threads, a Twitter-like app, and defying the decline in rate-sensitive technology and growth businesses. The previous day saw a decline in U.S. market indexes as the …
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US markets moderately retreated on the back of tensions between China and the US, as well as following reports of softer economic activity. The Chinese Caixin Services dropped more than expected, and Japanese, Australian, and Eurozone PMIs were revised lower. Additionally, US Factory Orders rose below expectations.Economic DataUS data showed …
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The US Dollar Index teeters around weekly top after rising in the last three consecutive days. FOMC Minutes confirm July rate hike even as softer US data exists.Traders seek solace in US Dollar as yields portray recession fears, China-linked headlines appear grim. US ISM Services PMI, ADP Employment Change eyed, …
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US stocks edged lower as traders return from the Independence Day holiday to monitor headwinds for the global economy and after the release of Fed’s minutes for June monetary policy meeting.The S&P 500 was down 0.1%, while the Dow Jones Industrial Average slipped by around 0.3% or about 100 points. …
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The US central bank released the minutes from its June 13-14 meeting. The minutes showed some policymakers favored a rate hike, but went with a pause. The US Dollar pulls back modestly after the minutes.The US Dollar strengthened after the minutes. The DXY printed fresh weekly highs above 103.30 and …
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Prior to the release of the Federal Reserve’s minutes from its June meeting, Wall Street’s major indexes declined on Wednesday as dismal economic data from the US and China as well as escalating Sino-US tensions dampened market mood. According to a Commerce Department study, US industrial orders for May 2023 …
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US stocks closed higher on Friday as progress was made in talks to raise the US debt ceiling, while chip stocks jumped for the second day amid optimism about artificial intelligence. After several rounds of talks, a US official told Reuters that US President Joe Biden and Republican House Speaker …
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The USD/CAD pair surged past the 1.3600 mark amidst rising US bond yields and US political uncertainty. The US economy displayed recovery signs with lower-than-expected jobless claims and an upwardly revised Q1 GDP, while the Fed hints at a pause in rate hikes. On the Canadian front, Manufacturing Sales declined …
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Gold price is mixed around the FOMC minutes that showed that Fed policymakers are divided on backing further rate hikes, however FOMC members still agreed that inflation risks are still unacceptably high, but the extent of further hikes is now made less certain. Gold price has ranged between a low …
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