Crude Prices Fall for Fifth Session on Weak Demand Outlook
Crude Prices Fall for Fifth Session on Weak Demand Outlook HG MARKETS: Oil prices declined for the fifth consecutive session on Thursday, as concerns over global demand persisted. However, a decrease in U.S. fuel inventories helped limit the losses. Brent crude futures dipped by 2 cents, settling at $76 per barrel, while U.S. West Texas […]
Powell’s Suggestion of a 50bps Rate Cut Poses a Significant Risk for the Jackson Hole Event
Powell’s Suggestion of a 50bps Rate Cut Poses a Significant Risk for the Jackson Hole Event HG MARKETS: At the Jackson Hole Symposium on Friday the Federal Reserve Chair Jerome Powell is expected to hint at a widely anticipated rate cut at the September FOMC meeting. This comes in the wake of the core CPI […]
Gold Eyes Breakout Amid Market Volatility
Gold Eyes Breakout Amid Market Volatility HG MARKETS: After a rather muted Consumer Price Index (CPI) report on Wednesday, the financial markets concluded the second week of August with more quiet. With the CPI index increase dropping to 0.2% in July, the overall inflation rate dropped to 2.9%, a figure that the markets had previously […]
Compared to the Expected Gain Of 0.4 Percent in July, US Retail Sales Increased Strongly
Compared to the Expected Gain Of 0.4 Percent in July, US Retail Sales Increased Strongly HG MARKETS: Retail sales in the United States increased in July by a greater amount than anticipated, indicating consumer spending activity resilience ahead of the Federal Reserve meeting next month. According to data released earlier on Thursday by the Commerce […]
Dollar Quieted With Expansion as Financial Signs on Draft
Dollar Quieted With Expansion as Financial Signs on Draft HG MARKETS: The dollar was in an in-between state on Tuesday as financial backers held on to perceive how U.S. financial information impacted the opportunity of outsized rate cuts, while a convention in Japanese stocks staunched the draining in yen convey exchanges. The greenback rose 0.33% […]
US Indices Rebound After Monday’s Sell-Off
US Indices Rebound After Monday’s Sell-Off HG MARKETS: As investors looked to bounce back from this week’s earlier sell-off, U.S. stock futures were largely flat on Friday. S&P 500 futures decreased by 0.02%, while Nasdaq-100 futures fell by 0.11%. Concurrently, there were slight decreases observed in Dow Jones Industrial Average futures. In business news, Paramount […]
Oil Costs Ascend On More Modest Us Inventories
Oil Costs Ascend On More Modest Us Inventories HG MARKETS: Oil costs rose in European exchange on Thursday as a supported drop U.S. inventories prodded some good faith over supported request on the planet’s greatest fuel shopper. Deal purchasing additionally supported oil costs, as they bounced back from multi-month lows in the earlier meeting. However, […]
The Yen Plummets as the BOJ Downplays Rate Hikes
The Yen Plummets as the BOJ Downplays Rate Hikes HG MARKETS: In a fresh twist to a week that began with massive moves driven by fears of a U.S. recession and the reversal of popular carry trades, a Bank of Japan official downplayed the likelihood of a near-term rate hike on Wednesday. Following the remarks […]
Stock Futures Drop Amid Expectations for Jobs and Earnings Reports
Stock Futures Drop Amid Expectations for Jobs and Earnings Reports HG MARKETS: U.S. stock futures fell sharply on Friday due to disappointing quarterly results and growing anticipation for the July payrolls report. The Dow Jones Industrial Average futures dropped by 317 points (0.8%), S&P 500 futures decreased by 1.1%, and Nasdaq 100 futures fell 1.8%. […]
Sources Say That OPEC+ Will Likely Stick To Its Output Policy at the Meeting
Sources Say That OPEC+ Will Likely Stick To Its Output Policy at the Meeting HG MARKETS: Oil costs rose in Asian exchange on Thursday, expanding a sharp bounce back from the earlier meeting as the killing of Hamas’ forerunner in Iran kept fears of a greater Center East conflict generally in play. Zero in was […]