US Futures Climb on Tech Sector Recovery; Key PCE Data on the Horizon
US Futures Climb on Tech Sector Recovery; Key PCE Data on the Horizon HG MARKETS: U.S. stock index futures demonstrated a rebound on Friday following a series of recent declines, with market participants shifting their focus toward forthcoming critical inflation data. Dow Jones futures advanced by 255 points, or 0.7%, while S&P 500 futures increased […]
Oil Prices Hold Firm on Positive US GDP Data, Still Tracking for Third Week of Losses
Oil Prices Hold Firm on Positive US GDP Data, Still Tracking for Third Week of Losses HG MARKETS: Oil prices edged up slightly on Friday but remained on track for a third consecutive week of decline, driven by weak demand in China, the world’s largest crude importer, and expectations of a ceasefire agreement in the […]
Gold Market Response to U.S. Political Shifts and China’s Economic Policy
Gold Market Response to U.S. Political Shifts and China’s Economic Policy HG MARKETS: Gold prices in Asian trade saw a modest increase on Monday, driven by renewed safe haven demand following U.S. President Joe Biden’s decision to withdraw from reelection and endorse Kamala Harris as his successor. The precious metal had previously retreated from its […]
Sterling Requires More Than Higher UK Interest Rates to Remain In the Fast Track
Sterling Requires More Than Higher UK Interest Rates to Remain In the Fast Track HG MARKETS: The pound hit its most noteworthy in a year on Wednesday, driven by financial backers who are scrambling for juicier returns as worldwide loan fees begin to fall, yet tacticians say it will take more than higher rates for […]
Oil Holds It’s Ground as Dollar Gain & Chinese Demand Concerns Gauge
Oil Holds It’s Ground as Dollar Gain & Chinese Demand Concerns Gauge HG MARKETS: Oil held its ground on Monday as descending strain from a more grounded U.S. dollar and worry about request in top merchant China offset help areas of strength for from somewhere else and OPEC+ supply limitation. The dollar solidified as exchanging […]
SilverPrices Surge to $31.45 on Easing Inflation Data
SilverPrices Surge to $31.45 on Easing Inflation Data HG MARKETS: Silver prices saw significant gains in recent trading sessions, surging to an intraday high of $31.4585. This upward movement was underpinned by a notable development in the US economic landscape—the Consumer Price Index (CPI) data for June revealed a surprising decline in inflation. This unexpected […]
Copper Prices Fall, Concerns About Inflation In China Keep Gold Prices Steady
Copper Prices Fall, Concerns About Inflation In China Keep Gold Prices Steady HG MARKETS: Wednesday’s comments from Federal Reserve Chair Jerome Powell sparked increased speculation about when the central bank will begin cutting interest rates, which resulted in a slight rise in gold prices in Asian trade. Among modern metals, copper costs sank, clearing out […]
Dollar Balances Out In Front Of Key Expansion Information
Dollar Balances Out In Front Of Key Expansion Information HG MARKETS: The dollar ebbed on Monday as investors resuscitated their wagers of early rate cuts by the Central bank, while the yuan tumbled to a one-month low after China’s national bank shocked markets by keeping its medium-term strategy rate consistent. Contrary to market expectations, the […]
UK Markets and Pound Advanced on Labor’s Historic Election Win
UK Markets and Pound Advanced on Labor’s Historic Election Win HG MARKETS: Following Labour’s historic election triumph, investors reacted favorably, driving up UK markets and prolonging the pound’s longest winning run in four years. For the seventh straight day, the pound increased by 0.1% to $1.2770, while the FTSE 100 Index increased by 0.4%, driven […]
Oil Costs Ascend On Indications of Guard Drawdown in US Inventories
Oil Costs Ascend On Indications of Guard Drawdown in US Inventories HG MARKETS: After industry data showed that U.S. inventories saw a massive drawdown in the past week, boosting optimism over demand, oil prices rose on Wednesday in EUROPEAN trade, remaining close to two-month highs. Costs fell somewhat on Tuesday, hit by some benefit taking […]