US equities rose on Monday, with the S&P 500 and the Nasdaq reaching their highest closing levels since April 2022. Investors eagerly awaited the week’s inflation data and the Federal Reserve’s interest rate decision. Amazon, Apple, and Tesla contributed to the S&P 500’s recovery of 21% from its October 2022 lows. Some investors believe Wall Read More…
Currency futures fell as investors awaited inflation data and the Federal Reserve’s interest rate decision. At the same time, the dollar rebounded from its two-week lows on Friday. The Federal Reserve will likely keep rates unchanged at its June 13-14 meeting. Still, it will likely maintain a hawkish stance and suggest a possible rate hike Read More…
Gold prices rose by 1% on Thursday as US weekly jobless claims surged, strengthening the expectation that the Federal Reserve will pause its interest rate hiking cycle. The surge in new claims for unemployment benefits last week suggests a slowdown in the labor market, indicating potential recession risks. Edward Moya, a senior market analyst at Read More…
On Wednesday, oil prices rose by about 1% as Saudi Arabia’s significant output cuts countered concerns about rising US fuel stocks and weak Chinese export data. Dennis Kissler, the senior vice president of trading at BOK Financial, described the oil futures market as a battleground between slowing manufacturing demand, lower diesel consumption, and anticipated production Read More…
On Tuesday, US equities closed higher as economically sensitive sectors made gains. Investors were anticipating inflation data and the upcoming policy meeting of the Fed next week. The inflation data is expected to indicate a slight cooling of consumer prices in May compared to the previous month, but core prices are likely to remain high. Read More…
On Monday, US equities closed lower as investors deliberated the possibility of the US Federal Reserve pausing its interest rate hikes during the upcoming policy meeting. Meanwhile, Apple experienced a brief surge to a record high before eventually losing ground. Apple Inc. ended the day with a 0.8% decline after introducing an augmented-reality headset called Read More…
