Interest futures edged higher on Friday as optimism built about likely trade talks between China and the US. The rebound followed declines in the previous two sessions after downbeat US economic data. Meanwhile, market participants eagerly await the US nonfarm payrolls report for clues on Fed rate cuts. On Friday, China said it was considering Read More…
Oil prices continued falling on Thursday after ending the worst month in over three years. The recent decline came as market participants worried about oversupply as OPEC+ unwinds its output cuts. At the same time, Trump’s tariffs and the subsequent trade wars have dimmed the outlook for oil demand. Oil collapsed on Wednesday after Saudi Read More…
Gold prices extended losses on Wednesday as risk appetite improved and demand for safe-haven assets dropped. The yellow metal fell about 1% on Tuesday after Trump put in place measures to ease the impact of ongoing automobile tariffs. At the same time, trade tensions between China and the US continued easing, weighing on gold. Gold Read More…
Equities had a mixed start to the week, with the S&P 500 rising while the Nasdaq fell. Nevertheless, stocks ended higher last week as risk appetite improved on easing trade tensions between China and the US. At the same time, better-than-expected earnings boosted investor sentiment. Nasdaq-100 index daily performance (Source: Bloomberg) Trading was thin on Read More…
Currency futures extended last week’s decline as the dollar ended its first week of gains in a while. The US dollar strengthened as trade tensions between China and the US began to fade. As a result, risk appetite improved, and demand for safe-haven currencies, such as the yen and the Swiss franc, decreased. At the Read More…
Interest futures extended gains on Friday as sentiment improved amid hopes of a trade deal between China and the US. The likelihood of lower tariffs hurts Treasury yields, boosting interest futures. Meanwhile, market participants are awaiting the release of US inflation and employment figures next week. US 30-year yields (Source: Bloomberg) Interest futures have had Read More…
