The U.S. stock market ended higher on Friday, with the S&P 500 and the Nasdaq notching their seventh straight session of gains. This marked the biggest weekly percentage gains of the year as worries of an economic downturn eased and investors shifted their focus to the upcoming Jackson Hole Economic Symposium. The recent sell-off triggered
Development
In July 2024, inflation rates in the United States dipped below 3% for the first time in over three years, marking a significant shift in the economic landscape. While certain sectors of the economy are experiencing disinflation, where prices continue to rise at a slower pace, others are facing outright deflation. The phenomenon of deflation,
Global markets have been showing signs of stability, with Asian stocks remaining firm on Thursday. The dollar, however, has been on the back foot due to lower U.S. Treasury yields. This has been attributed to the release of benign consumer inflation data, which has reinforced expectations for the Federal Reserve to start cutting interest rates
The recent US Retail Sales report has sparked discussions among economists and analysts regarding its impact on the US economy. One notable comment comes from Arch Capital Global Chief Economist Parker Ross, who pointed out the significance of core services inflation bouncing back in July. This shift in inflation trends has raised concerns among Fed
The CEO of UBS, Sergio Ermotti, recently expressed concerns about the potential intensification of market volatility in the second half of the year. This comes after a period of sharp sell-offs in global equities, triggered by weak economic data from the U.S. While there are fears of an economic downturn, Ermotti does not believe that
After a period of consistent upward movement, Brent crude oil is now undergoing a phase of consolidation, resulting in prices retracting to 81.80 USD per barrel on Tuesday. The market sentiment has taken a hit due to renewed concerns regarding global oil demand, specifically following OPEC’s decision to lower its demand forecasts for 2024 and
The recent trading sessions have seen the USD/CHF pair trading in positive territory near 0.8670. The focus of investors has now shifted towards the upcoming US economic data releases. The US Producer Price Index (PPI), Consumer Price Index (CPI), and Retail Sales data are set to be released this week on Tuesday, Wednesday, and Thursday
The AUD/USD pair saw a significant boost, settling near the 0.6600 level. This move came as a result of the Reserve Bank of Australia (RBA) maintaining its hawkish position. The RBA’s unwavering stance, coupled with stronger Chinese inflation figures, provided a strong foundation for the Australian Dollar (AUD). However, the escalating geopolitical tensions in the
In response to the recent allegations made by US-based shortseller Hindenburg Research, India’s markets regulator, Securities and Exchange Board of India (SEBI), has urged investors to remain calm and exercise due diligence before making any hasty decisions. The report by Hindenburg alleged that SEBI’s head, Madhabi Puri Buch, had previous investments in offshore funds used
The AUD/USD pair slightly retreated, settling near 0.6575 on Friday, experiencing a modest descent of 0.30%. The Reserve Bank of Australia (RBA) maintained its hawkish stance, leading to a buoyant Australian Dollar despite the setback. Investors were also digesting Chinese inflation reported during the European session, which added to market sentiment. The RBA’s unwavering hawkish
The recent surprising decision by Mexico’s central bank, Banxico, to lower interest rates by 25 basis points in a 3-2 split decision has left many market participants scratching their heads. Despite concerns over rising inflation and stagnating economic growth, Banxico signaled its intention to implement further easing measures in the near future. This move has
In a recent development, Indian automaker Mahindra & Mahindra has reportedly entered into a joint venture agreement with China’s Shaanxi Automobile Group to establish a $3 billion manufacturing plant in India. The joint venture, which is awaiting approval from the Indian government, is said to involve the construction of a car manufacturing facility in Prime
- « Previous Page
- 1
- …
- 15
- 16
- 17
- 18
- 19
- …
- 37
- Next Page »