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 …
Wall Street endured a tough week, marked by significant declines driven by rising Treasury yields and hawkish comments from Federal Reserve officials. The market sentiment was further dampened by higher-than-expected inflation data from Germany and Australia, escalating global inflation concerns. …
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 …
Key points: Gold is on track for its fourth consecutive monthly gain, showing resilience in the face of fluctuating economic indicators. The market anticipates the April personal consumption expenditures price index, a critical measure for future Federal Reserve policies. Gold …
Key Points: New Zealand dollar rises to $0.612 as economic growth in the US is slower than expected, indicating potential for rate cuts. Investors await US PCE inflation data and the speech from RBNZ Governor Adrian Orr. The New Zealand …
Official partners:
