UK Inflation Surges, Fueling Further Rate Hikes
UK Inflation Surges, Fueling Further Rate Hikes Harvest Global Markets : UK inflation has exceeded expectations for the fourth consecutive month, with the Consumer Prices Index rising to 8.7% in May. The unexpected acceleration in core inflation to 7.1% has triggered speculation of a larger rate increase by the Bank of England (BOE). This scenario has […]
China Reduces Interest Rates, Gold Trades Sideways and Copper Falls
China Reduces Interest Rates, Gold Trades Sideways and Copper Falls Harvest Global Markets : Gold costs moved minimal on Tuesday as business sectors anticipated more prompts on U.S. financial approach this week, while copper costs fell somewhat after China cut its loaning benchmark without precedent for a very long time. China managed its benchmark credit prime […]
U.S. STOCK FUTURES STEADY AS INVESTORS AWAIT KEY CONSUMER SENTIMENT DATA POST-FED MEETING
U.S. STOCK FUTURES STEADY AS INVESTORS AWAIT KEY CONSUMER SENTIMENT DATA POST-FED MEETING Harvest Global Markets : U.S. stock futures ended the week with minimal changes after a mostly positive week, as investors eagerly anticipated crucial consumer sentiment data following the Federal Reserve’s policy-setting meeting. The Dow Futures contract experienced a slight decline of 10 points […]
China’s Economic Slowdown is Limiting Crude Oil Gains
China’s Economic Slowdown is Limiting Crude Oil Gains Harvest Global Markets : On Thursday, intermediate crude oil rebounded after a previous drop. The oil industry’s growth in China, the largest oil consumer globally, continues to be hampered by concerns about a sluggish economic recovery. Yesterday, the U.S. benchmark declined by 1.5% after the Federal Reserve hinted […]
FOMC Meeting in Focus: Evaluating the Possibility of a “Skip”
FOMC Meeting in Focus: Evaluating the Possibility of a “Skip” Harvest Global Markets : The upcoming Federal Open Market Committee (FOMC) meeting has attracted significant attention from officials and market participants, with the introduction of the term “skip” adding a new dimension to the discussion. However, the distinction between a “skip” and a hawkish hold remains […]
OIL PRICE GAINS CAPPED BY DEMAND FEARS
OIL PRICE GAINS CAPPED BY DEMAND FEARS Harvest Global Markets : Oil prices rose on Friday and were broadly flat on the week as concern over oil demand growth was balanced by Saudi output cuts. Brent crude futures rose 36 cents, or 0.5%, to $76.32 a barrel.U.S. West Texas Intermediate crude was up 34 cents, or 0.5%, […]
XAUUSD Rises As Dollar Weakens, But High Interest Rates Constraint
XAUUSD Rises As Dollar Weakens, But High Interest Rates Constraint Harvest Global Markets : At its meeting on June 13–14, the Fed is expected to hold off raising interest rates for the first time in more than a year, according to economists surveyed by Reuters. But before the Fed meeting on June 13, the U.S. consumer […]
US Stock Futures Show Little Movement After Market’s Recent Highs
US Stock Futures Show Little Movement After Market’s Recent Highs Harvest Global Markets : US stock futures displayed minimal changes on Wednesday following a positive finish during Tuesday’s regular session. The S&P 500 and Nasdaq Composite reached their highest levels in over nine months, contributing to market optimism. In extended trading, Dave & Buster’s and Stitch […]
XAU Expects Big Weekly Gains on Fed Pause and Debt Ceiling Raising
XAU Expects Big Weekly Gains on Fed Pause and Debt Ceiling Raising Harvest Global Markets : Optimistic predictions of a temporary halt in the Federal Reserve’s tightening measures and advancement in settling the U.S. debt ceiling issue are pushing gold (XAU) towards its greatest weekly rise in almost two months. Gold is on pace to have […]
Euro Zone Inflation Eases, Supporting Cautious Approach to Rate Hikes
Euro Zone Inflation Eases, Supporting Cautious Approach to Rate Hikes Harvest Global Markets : Euro zone inflation has shown a significant decline, providing support for a cautious approach to further interest rate hikes as the European Central Bank (ECB) aims to rein in rising prices. In May, inflation in the 20 euro zone nations dropped to […]