Key points: WTI crude futures remain near $73 per barrel, holding at four-month lows. Brent crude futures hover around $76 per barrel, near three-month lows. US crude inventories increased by 4.052 million barrels, defying expectations of a 1.9-million-barrel draw. OPEC+ …
Key points: U.S. job openings fell to a three-year low, signaling potential economic slowdown. Treasury yields declined, while the dollar and safe-haven assets saw gains. The U.S. economy’s recently robust performance may be starting to wane, as indicated by the …
Key points: Nikkei falls 0.45% to 38,749.25 after approaching 39,000 points. Investors take profits after two consecutive days of gains. Japan’s Nikkei share average fell on Tuesday as profit-taking set in after Japanese equities rebounded close to the 39,000-point mark …
Key points: PCE inflation rose 2.7% in April, easing fears of spiraling inflation. US Dollar Index logged modest losses, reflecting a weaker greenback. This article is a follow-up to: PCE data to play integral role in Fed rate decisions The …
Key points: The market cap of Nvidia surged by $700 billion in May, now valued at $2.7 trillion. Apple faces challenges with a monopoly lawsuit and declining sales in China. AI dominance drives the rapid growth in Nvidia, bringing in …
Key points: Gold prices hold steady at $2,347.48 per ounce. Investors await key U.S. economic data this week. Gold prices were flat in early Asian trading on Tuesday after a sharp gain in the previous session. Investors are bracing for …
Key points: ECB Rate Cut sees possible 25 basis point reduction with future signals being key. In the US, NFP release on Friday could prompt re-pricing of US interest rate cuts. The European Central Bank (ECB) is set to cut …
Key points: Hang Seng Index gains 2.32%, marking its best day since May 2. ECB expected to cut rates by 0.25%, influencing regional market sentiment. On Monday, Hong Kong’s stock market experienced an observable surge, with the benchmark Hang Seng …
Key points: The dollar index remained steady at 104.58 on Monday, reflecting a 1.56% decline in May but up 3% for the year. Emerging market currencies, particularly the Indian rupee and Mexican peso, showed strength following positive election results in …
Key points: Finance Minister of Japan Shunichi Suzuki emphasizes need for forex stability. Suspected intervention of JPY 9 trillion (approximately USD 57.11 billion) to support the Japanese currency. 10-year Japanese government bond yield reaches 1.1%, highest since 2011. This article …
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