US president Joe Biden announces another Strategic Petroleum Reserve release. There are demand concerns as China’s economy deteriorates. Us crude oil inventories fell more than expected last week, showing improved demand. Crude oil (CL) futures prices started October and 4Q’22 strong; however, the subsequent price movement has been affected by concerns about the resumption of Read More…
Market sentiment has improved after upbeat earnings reports. US Industrial production came in higher than expected at 0.4%. Investors expect UK inflation data to determine the BoE’s next rate hike. E-mini Nasdaq-100 (NQ) futures prices closed higher, and Treasury yields decreased on Tuesday due to encouraging earnings and better-than-anticipated US industrial data. “The market was Read More…
Rising interest rates in the US are boosting lenders’ interest incomes. There is less turmoil in the market after UK’s fiscal policy u-turn. Analysts expect the Fed to continue its aggressive monetary policies. Major equity futures indexes, including the E-mini S&P 500 (ES), began the trading week with a price surge after Britain changed its Read More…
Liz Truss’s new finance minister, Jeremy Hunt, has improved the market mood. Jeremy Hunt promises to focus on growth underpinned by stability. Goldman Sachs lowers its 2023 UK economic growth outlook from a 0.4% decline to a 1% decline. British pound (6B) futures prices rose on Monday after the announcement that Chancellor Jeremy Hunt will Read More…
Investors are expecting a significant rate hike after a higher US inflation reading. Both the Fed and Joe Biden’s administration are fighting to lower inflation. Gold remains less attractive as interest rates rise in the US. Gold (GC) futures prices collapsed after investors digested a higher reading on US inflation that stoked speculation about a Read More…
Markets anticipate a drop in oil demand owing to China’s rise in COVID-19 cases. Oil demand in the US fell last week after data showed an increase in inventories by about 7.1 million barrels. The US dollar is edging higher after higher-than-expected PPI data. On Thursday, crude oil (CL) futures prices struggled to regain footing Read More…
