Investors expect the Fed to increase interest rates by 25 basis points. This week will also see the release of highly anticipated US employment figures. China’s economic activity resumed expanding in January. Equities inched lower on Tuesday as investors readied themselves for a busy week featuring central bank meetings, a flurry of corporate announcements, and Read More…
Market movements remained muted ahead of several central bank meetings. Market observers predict the Fed will raise rates by 25 basis points. Core consumer prices in the capital of Japan increased by 4.3% in January. On Monday, currency futures pulled back as the dollar recovered from an eight-month low ahead of a flurry of central Read More…
The US economy expanded more quickly than economists had predicted in Q4. Most analysts anticipate a small US recession by the second half of 2023. Initial jobless claims for state benefits in the US decreased by 6,000. Gold prices fell on Friday, while the dollar rose as investors awaited US inflation data later in the Read More…
The market awaits more clarification on the impending EU embargo on Russian products. Data revealed a less-than-anticipated increase in US crude stocks. Economists expect the global economy to grow by just 2% this year. Following a smaller-than-expected increase in US crude stocks, oil prices held steady on Thursday as investors await more information on supply-side Read More…
Currency futures prices are ranging across the board today, except for the Australian dollar, which reached a five-month high following higher-than-expected consumer inflation in the fourth quarter. At the same time, other Asian currencies were weak as fears of a global recession tempered optimism about a possible Chinese economic recovery. Australian dollars rose nearly 1% Read More…
Investors are nearly convinced that the Federal Reserve will deliver a modest interest rate increase next week. Money market traders believe the Fed will only raise interest rates twice this year. Analysts predict that the overall S&P 500 fourth-quarter earnings will decline by 3% yearly. Equities held onto their gains on Tuesday after rallying the Read More…
ECB officials are expecting more rate hikes to tame inflation. Some experts say the US has lost its global growth leadership position. Markets are expecting a 25bps rate hike from the Bank of Canada. Most currency futures were up on Monday as the dollar was slightly weaker than a basket of currencies, trading at 101.740. Read More…
Data released on Wednesday revealed that US producer prices declined. Americans submitting new claims for unemployment benefits unexpectedly decreased. Permits for new construction in the US fell to a more than 2-1/2-year low. Gold dipped on Friday as the dollar strengthened. However, it was still on track to post a fifth straight weekly gain as Read More…
US retail sales fell by 1.1% last month, the largest drop since December 2021. US manufacturing output decreased more than forecast in December. US crude oil stockpiles increased by around 7.6 million barrels last week. The price of oil futures dropped by as much as $1 on Thursday due to concerns about the impending recession. Read More…
Wall Street’s top investment banks saw their financial fortunes diverge. Goldman’s fourth-quarter profit of $3.32 per share fell short of the Wall Street forecast of $5.48. The Bank of Japan maintained its ultra-easy monetary policy. Equities fell after Goldman Sachs reported disappointing profits. Wall Street’s top investment banks saw their financial fortunes diverge, with Morgan Read More…
