Interest futures ended lower on Thursday as Treasury yields soared after positive US data. The rally in yields came as market participants lowered bets on Fed rate cuts. PMI data and weekly jobless claims pointed to a still robust economy, raising fears that the Fed might further delay rate cuts. US business activity (Source: S&P Read More…
Oil prices fell 1% on Wednesday as investors worried about the risk of high interest rates for longer in the US after hawkish Fed meeting minutes. At the same time, a bigger-than-expected increase in crude inventories weighed on prices. The US released the FOMC meeting minutes, which showed that policymakers were ready to hold high Read More…
Gold prices pulled back slightly on Wednesday as Fed policymakers pushed back rate cut expectations. However, prices remained near the highs hit in the previous session due to increased demand and optimism about easing US inflation. Fed policymakers have warned against the rising confidence that US inflation is back on a downtrend. Most of them Read More…
Equities ended higher on Monday, with the Nasdaq reaching a new record high as investors waited for Nvidia’s earnings report. At the same time, optimism amid signs of cooling inflation in the US increased rate cut expectations. However, policymakers put a lid on gains with hawkish statements, which weighed on the S&P 500 and the Read More…
Currency futures rose on Friday as the dollar fell amid rate cut speculation after the US consumer inflation report. However, policymakers maintained a slightly hawkish tone, putting a floor on further declines in the dollar. Dollar index (Source: Bloomberg) Last week, the US released several economic reports that led to an increase in Fed rate Read More…
Interest futures fell on Thursday after reaching new highs due to increased Fed rate cut expectations. The pullback came amid inflation worries after new economic data from the US. Still, interest futures are heading for a bullish week with increased rate-cut optimism. On Thursday, the US released data showing a bigger-than-expected 0.9% increase in import Read More…
Oil price rose nearly 1% on Wednesday, climbing from a two-month low in the previous session due to a big draw in crude inventories and softer inflation in the US. Consequently, there was optimism about demand and looming Fed rate cuts. Data on Wednesday revealed a more significant decline in crude inventories than expected. The Read More…
Gold prices recovered on Tuesday as demand rose due to a decline in US Treasury yields and the dollar. This decline came after the US released an upbeat wholesale inflation report that had the opposite effect on prices. At the same time, gold was stronger as Powell maintained his outlook that inflation would decline, hence Read More…
Equities ended slightly lower on Monday as investors stayed on the sidelines ahead of US inflation data. At the same time, they were preparing to receive the earnings reports of major US retail companies. This week, the US will release several important reports, including wholesale inflation, consumer inflation, and retail sales. All these will significantly Read More…
Currency futures dropped on Friday as the dollar gained strength on higher US inflation expectations. At the same time, investors absorbed comments from Fed policymakers regarding interest rates. Meanwhile, US consumer sentiment fell. Data on Friday from the University of Michigan revealed a decline in consumer sentiment. The figures came in at 67.4 in May, Read More…
