The entire start of the week served as a placeholder to the US CPI data release and well, at least the main event delivered. There were some sizable moves in markets yesterday but things...
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Stocks see some pull back from gains
The major US stock indices have given up some of their gains. The major indices are still higher on the day but the bullish froth has lessoned. The US dollar is also reacting with a move...
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Technology stocks are the main beneficiaries of market rate cuts
Tech companies are typically categorized as growth companies, so their stocks are the most sensitive to changes in market rates or related expectations. That is why they first led the decline in the US stock...
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GOLD PRICE FORECAST: XAUUSD STILLS DOWN $20 FROM DAILY HIGH POST-US JOBS DATA
Gold price extends its gains to three straight weeks, up 0.54%. Stellar US jobs data exerts further pressure on the Fed, as next week CPI is eyed. US-China tussles add further uncertainty to the...
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US stocks close mixed with the Dow higher. The S&P and NASDAQ marginally lower.
The major stock indices are closing the day with mixed results: Dow industrial average rose 76.63 points or 0.23% at 32803.48 S&P index fell -6.75 points at -0.16% at 4145.18 NASDAQ index fell -63.02...
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US House speaker Pelosi departs Taiwan
The plane carrying her delegation has officially departed and now is when things may potentially heat up as China will look to respond to the visit. They already announced live-fire drills and „special military...
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FED WILL HAVE TO HIKE 50 BPS AT EACH MEETING IN THE REMAINDER OF THIS YEAR – RABOBANK
“The FOMC is now fully data dependent and doesn’t want to pre-commit, opening the door wide for further volatility in the front end of the curve,” analysts at Rabobank explain. ADDITIONAL QUOTES: “There are...
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All your Fed previews in one place
In case you missed it earlier, Adam put up a great preview here earlier in the day. We’ve been stuck in a bit of a pre-Fed lull in Europe and that isn’t anything too surprising. All...
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Eurostoxx futures +0.1% in early European trading
German DAX futures +0.3% UK FTSE futures +0.4% Spanish IBEX futures +0.1% Equities are hoping to carry on the positive mood from yesterday to the second half of the week, with some positive news...
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US July UMich prelim consumer sentiment 51.1 vs 49.9 expected
Prior was 50.0 Current conditions 57.1 vs 52.5 expected (prior was 53.8) Expectations 47.3 vs 47.0 expected (prior was 47.5) — lowest since 1980 1-year inflation expectations 5.2% vs 5.3% prior 5-10 year inflation...
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