Tag Archives: inflation data

The University of Michigan’s Consumer Sentiment Index has slipped to 77.9, indicating a weakening in US consumer confidence. However, the US Dollar is expected to consolidate weekly gains following hot inflation data. The Consumer Sentiment Index slipped to 77.9 from 79.4 in March, below the market expectation of 79. The …

At the end of a turbulent North American session on Monday, US equities remained mostly steady as a solar eclipse provided some diversion ahead of the key CPI inflation data and the start of the first-quarter earnings season. The Nasdaq opened a new tab and finished marginally up, while the …

The weaker US dollar and falling US Treasury yields have kept gold prices anchored around $2,300. Fed Chair Powell’s suggestion that rates might be lowered this year, if inflation keeps falling, helped the XAU/USD Index rise. US Data Lifts Gold Price Precious metals are rising even if ADP data shows …

The Dow dropped 488 points, or 1.2%. The benchmark had dropped more than 500 points. The S&P 500 dropped 0.9%, while the Nasdaq Composite dropped 1.1%. Stocks had a difficult start to the second quarter as sticky inflation data from last week’s end and some positive economic data on Monday …

U.S. Stocks Show Mixed Results at Close; Dow Jones Industrial Average Gains 0.12% The U.S. stock market closed with mixed results on Friday, with the Dow Jones Industrial Average reaching a new all-time high, while the S&P 500 edged higher and the NASDAQ Composite index ended lower. The Dow Jones …

Federal Reserve Governor Christopher Waller said on Wednesday that recent weak inflation data supports the case for Fed holding off on cutting its short-term interest rate target, per Reuters.The US Dollar Index attracts some buyers following the above hawkish comments. The DXY is trading 0.11% higher on the day at …

The Pound Sterling is facing pressure near 1.2650 against the US Dollar in Tuesday’s early American session as the latter rebounds. The GBP/USD pair is trading at 1.2630, down -0.05% at the time of writing.Investors expect the Bank of England (BoE) to be more dovish this year than previously anticipated, …

European stocks opened with modest gains on Monday, with the basic resources sector leading the way, albeit tempered by investor caution ahead of euro zone inflation data. Key Points Market Movement: The European STOXX 600 index rose 0.1 percent by 0816 GMT, with the basic resources sector experiencing the most …

Last week, the market’s attention was squarely fixed on a slew of US economic indicators, aimed at deciphering clues regarding future interest rate trajectories and the Federal Reserve’s timeline for ending its monetary tightening stance and initiating quantitative easing. However, the latest US data, particularly the Consumer Price Index, US …

Despite higher-than-expected February inflation data, US stocks continued to rise, with the S&P 500 rising nearly 1%, the Nasdaq Composite climbing 1.4%, and the Dow Jones Industrial Average increasing 0.6%. Treasury yields also rose, with the 10-year yield rising 4 basis points to trade around 4.15%. Gold prices fell 1% …