WTI and Brent crude oil prices fall due to unexpected rise in US inventories and market caution ahead of the US PCE data. Geopolitical tensions add to supply concerns.
This week, market participants will have their eyes on key economic indicators from Australia, the US, and China, as these data points are expected to provide deeper insights into inflation trends and economic health. Australia to release CPI for June …
The upcoming week is packed with key economic events that could significantly impact the markets. Here’s a detailed look at the key events to watch from 17th to 23rd June 2024, covering important announcements from China, Australia, the UK, and …
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which …
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. …
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 …
The flash PMI data release slated this week in India, Japan, and Australia will be closely watched by investors and analysts. April’s data highlighted robust growth across these economies. India continued to grow at one of the strongest rates seen …
As we edge closer to the CPI release on May 15, 2024, market participants are aware of the potential for this data to influence the Federal Reserve’s upcoming interest rate policies. This is especially crucial as it marks one of …
This week, the financial markets have displayed resilience, particularly evident in U.S. stocks buoyed by an impressive earnings season—the most robust in nearly two years. The S&P 500 reported a notable 5% year-over-year growth in earnings per share for Q1 …
Last week, global financial markets saw a variety of movements, with US equity markets climbing thanks to strong earnings from tech giants like Tesla, Microsoft, and Alphabet. These gains helped offset concerns from the US’s lower-than-expected GDP growth for the …
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