Key points: PBOC sets the midpoint rate at 7.1101 per U.S. dollar. Onshore yuan opened at 7.2425 per dollar, midday at 7.2461, weaker by 11 pips. On Tuesday, China’s yuan slipped slightly as traders remained cautious ahead of key inflation …
Key points The Indian rupee opens little changed, with a focus on speculative flows. U.S. core PCE inflation data and Fed policy outlook remain crucial for global markets. The Indian rupee is expected to open steady on Tuesday, influenced by …
Key points: Gold rises to $2,339.9 a troy ounce, recovering from recent losses. Market focus shifts to the U.S. Personal Consumption Expenditures (PCE) price index release this coming Friday. Federal Reserve minutes dampened hopes for rate cuts, impacting gold prices …
Key points: Nasdaq composite index closed at a record high of 16,920.79, gaining 1.3% last week. Impressive earnings report from Nvidia drives investor interest in AI-related stocks. Nasdaq achieves nearly 9% gain in May, leading major indices. The Nasdaq composite …
Key points: Dollar supported by interest rate expectations and mixed U.S. economic data. Euro and yen trading in tight ranges, awaiting key inflation readings. The dollar started the week on a firm note as traders awaited crucial inflation data from …
Key points: OPEC+ to discuss maintaining voluntary output cuts of 2.2 million barrels per day. Brent crude futures for July increased slightly to $82.23 a barrel. Oil prices saw minimal movement in early Asian trading on Monday, as market participants …
The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal …
Key Points: The Central Bank of Turkey (CBT) kept the policy rate at 50%, in line with expectations. CBT maintains a tightening bias, indicating further hikes may be necessary if inflation persists. Forex reserves have improved, leading to increased Turkish …
Japanese CPI eased in April; record wage rises haven’t impacted general prices. BoJ’s challenge: Hiking into economic weakness with uncertain inflation path. Nasdaq Composite, S&P 500, Dow Jones all saw dips Nvidia shares surged over 9%, topping $1,000 for the …
Key points: Nikkei declines 1.17%, impacted by U.S. economic data. U.S. 10-year bond yield climbs, influencing global markets. Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent …
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