US equities rebounded on Monday after last week’s losses, buoyed by comments from Federal Reserve officials indicating that the US central bank may be approaching the end of its tightening cycle. The S&P 500 experienced slight gains throughout the day, although caution prevailed due to the upcoming consumer prices report on Wednesday and the commencement Read More…
Currency futures rose on Friday as the dollar dropped due to indications of a weaker US labor market. This weakness diminished expectations of the Fed maintaining higher interest rates. At the same time, concerns over the 10-year Treasury yield surpassing 4% led to a surge in the yen. US employment (Source: Bureau of Labor Statistics) Read More…
Gold prices declined after a stronger-than-anticipated US private payrolls report, reaching a nearly one-week low on Thursday. The employment report boosted expectations for additional interest rate hikes by the Federal Reserve, resulting in higher Treasury yields. Despite concerns of a recession due to rising interest rates, the June data revealed a greater-than-expected increase in US Read More…
On Wednesday, US crude oil surged approximately 3%, narrowing the price difference with the global benchmark Brent. This was a response to the supply cuts announced by Saudi Arabia and Russia on Monday. Saudi Arabia, the largest crude exporter globally, declared an extension of its voluntary output reduction of 1 million barrels per day (bpd) Read More…
On Tuesday, European equities remained stable in low-volume trading due to the absence of fresh economic data from the region and uncertainty regarding global interest rates. Investors exercised caution as they assessed hawkish signals from central bankers alongside indications of slowing global growth. The pan-European STOXX 600 index closed slightly higher, increasing by 0.1% and Read More…
US equities closed the holiday-shortened session on Monday with slight gains, aided by a surge in Tesla stock and the strength of bank shares as the second half of the year began on a subdued note. Tesla’s shares soared by 6.9% after the electric vehicle manufacturer announced a record number of vehicle deliveries during the Read More…
