Interest futures ended higher on Thursday as investors waited eagerly for the US core PCE report. At the same time, markets absorbed economic data released from the US, which showed a mixed picture of the economy. The US released its core PCE data showing that the annual figure eased from 2.8% to 2.6% in May, Read More…
Oil prices increased slightly on Wednesday as investors worried about supply due to escalating Middle East tensions. These supply worries overshadowed an unexpected jump in US crude inventories last week. Since the start of the war between Israel and Gaza, there has been a risk of escalation that has supported oil prices. Moreover, ceasefire talks Read More…
Gold prices dipped on Tuesday as the dollar and Treasury yields rose ahead of crucial US inflation figures. At the same time, slightly hawkish Fed remarks dampened expectations for a rate cut, which weighed on gold. On Tuesday, the dollar rose 0.2% against other currencies, making bullion expensive for overseas buyers. This rally came as Read More…
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…
