Equities were mixed on Monday as investors shifted from AI to more stable financials, utilities, and energy stocks. As a result, the Dow soared while the Nasdaq and the S&P 500 fell. At the same time, market participants were gearing up for more data from the US that could give insight into the Fed’s policy Read More…
Currency futures fell on Friday as the dollar rose due to better-than-expected business activity data. At the same time, the Fed stood out as less dovish compared to other major central banks, boosting the greenback. US business activity (Source: S&P Global) Data from the US on Friday revealed a surge in business activity to an Read More…
Interest futures fell on Thursday as Treasury yields rose along with the dollar amid a decline in rate cut expectations. At the same time, a second rate cut from the Swiss National Bank highlighted the growing divergence in policy outlooks between the Federal Reserve and other major central banks. US jobless claims (Source: US Labor Read More…
Oil prices fell on Wednesday as a surge in inventories overshadowed demand optimism and supply concerns. However, there was little volatility as US markets were closed for a holiday. According to American Petroleum Institute figures, crude inventories rose by 2.264 million barrels last week. Meanwhile, economists had expected stocks to fall by 2.2 million barrels. Read More…
Gold prices rose on Tuesday after poor US economic data raised the likelihood of a rate cut in September and weighed on the US dollar. However, the move was subdued because the market is awaiting more significant data. US retail sales (Source: US Census Bureau) Data on Tuesday showed that US sales barely rose in Read More…
Equities soared on Monday, with the S&P 500 and the Nasdaq reaching record highs. This increase came from technology stocks, which rallied on AI optimism. At the same time, investors were awaiting more clues from policymakers and economic data on the outlook for US rate cuts. S&P 500 index (Source: Bloomberg) Shares of major technology Read More…
