The dollar fell to near a two-month low against major currencies on Friday, while the euro hovered near a one-year high, as dealers’ expectations of an imminent end to the US interest rate hike cycle increased amid signs of slowing inflation. Data from the US Labor Department on Thursday showed …
Read More »Forex: Dollar is falling ahead of the release of US inflation data
The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …
Read More »Dow futures rise 35 pts; caution ahead of key inflation data
Investor caution ahead of the release of significant inflation data and the minutes from the most recent Federal Reserve meeting is expected to prevent U.S. stocks from opening Tuesday’s trading session slightly higher. At 11:00 GMT, the Nasdaq 100 futures were up 20 points, or 0.2%, the S&P 500 futures …
Read More »Forex: Dollar dips as European markets return from break
On Tuesday, traders shifted their focus to U.S. inflation data due on Wednesday in search of clues as to how near U.S. rates are to peaking, and the dollar gave back the gains made the day before against the euro and the pound. As most European markets opened following the …
Read More »U.S. stock futures hover near flatline amid key economic data
U.S. stock futures were largely steady on Monday as traders re-entered the market after the Easter weekend and faced a slew of important economic reports that might influence the direction of Federal Reserve monetary policy going forward. At 11:00 GMT, the Nasdaq 100 futures were down 16 points or 0.13%, …
Read More »Dow futures largely flat; caution ahead of Friday’s payrolls data
In anticipation of the release of the much anticipated official employment data, investors remain hesitant about the state of the American economy and expect U.S. equities to begin Thursday with little change. At 11:00 GMT, the Nasdaq 100 Futures fell 35 points or 0.3%, the S&P 500 Futures traded 2 …
Read More »Futures rise on gains in tech, growth shares; focus on jobs data
On Tuesday, advances in technology and growth sectors helped push U.S. stock index futures higher as investors anticipated important economic data that might determine the Federal Reserve’s course for monetary tightening. While sales of its Chinese-made electric vehicles increased in March, Tesla Inc. gained 1% in premarket trade. Its shares …
Read More »Futures edge lower as yields rise amid easing bank contagion fears
U.S. stock index futures slipped on Tuesday as Treasury yields rose amid easing worries about a banking crisis following First Citizens BancShares’ U.S. regulator-backed deal for failed Silicon Valley Bank. Benchmark 10-year yields rose to 3.545%, weighing on growth stocks such as Apple Inc, Meta Platforms and Alphabet Inc in …
Read More »Euro, sterling fall sharply amid jitters over European banks
On Friday, banks-related anxiety caused the euro and pound to plunge against a rising dollar, as better-than-expected economic data failed to improve the mood. European banking stocks dropped on concerns that the largest issues to hit the industry since the 2008 financial crisis have not yet been resolved, with giants …
Read More »Forex: Dollar eases as investors weigh up outlook for Fed
Prior to the completion of the Federal Reserve’s policy meeting, when investors will be seeking for any indication of what could happen with interest rates given the upheaval in the banking sector, the dollar lingered at five-week lows on Wednesday. The most likely conclusion, according to the markets, is a …
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