Equities edged higher on Tuesday after closing strong in the previous session amid optimism for a soft Fed landing. Furthermore, dovish comments from policymakers increased expectations for more rate cuts in 2024. The Fed kicked off its easing cycle on Wednesday last week, triggering a rally in equities. Most policymakers voted to cut rates by Read More…
Most currency futures fell on Friday as the US dollar rebounded after an unexpectedly cautious Bank of Japan policy meeting. Meanwhile, the pound remained an outlier as UK data revealed better than expected sales figures. Japanese Yen (Source: Bloomberg) Market participants expected a more hawkish tone from the Bank of Japan. Before the meeting, policymakers Read More…
Interest futures fell on Thursday and Friday as investors preferred riskier assets like equities after the Fed delivered a massive rate cut. Moreover, a significant drop in US jobless claims increased risk appetite, sending more investors to Wall Street. On Wednesday, the Federal Reserve cut interest rates by 50-bps, ending months of speculation on the Read More…
Oil prices recovered on Thursday after falling in the previous session due to a super-sized Fed rate cut. However, Middle East tensions kept a floor on price declines. At the same time, crude inventory data showed a bigger-than-expected decline. WTI futures (Source: Bloomberg) On Wednesday, the US central bank cut interest rates by 50-bps, catching Read More…
Gold prices recovered on Wednesday after falling in the previous session as US data supported the case for a gradual pace of Fed rate cuts. Initially, prices rose as the likelihood of a 50-bps rate cut rose last week. However, despite the slight pullback, investors remain optimistic about a looming Fed rate cut. Data on Read More…
Equities had a mixed day on Monday. Major tech stocks dragged the Nasdaq lower, while the S&P 500 and the Nasdaq gained ahead of an anticipated rate cut at the FOMC meeting on Wednesday. Tech stocks performance (Source: Bloomberg) Apple shares dropped by 2.7% after an analyst noted that demand for the iPhone 16 models Read More…
