Saudi Arabia and Russia Extend Production Cuts, Fueling Global Inflation Concerns
Saudi Arabia and Russia Extend Production Cuts, Fueling Global Inflation Concerns Harvest Global Markets : In a significant move with far-reaching implications for the global economy, Brent crude oil prices have breached the $90-per-barrel mark for the first time since November. This surge comes as the largest oil-producing nations within the OPEC+ alliance, Saudi Arabia and […]
Eurozone Services Face Economic Headwinds
Eurozone Services Face Economic Headwinds Harvest Global Markets : The services sector of the Eurozone is facing a series of challenges, as depicted by the HCOB Eurozone Services PMI Business Activity Index, which slid from 50.9 in July to 47.9 in August, marking its first contraction since December 2022. The largest economies of the Eurozone, namely […]
U.S. Stocks Rise Amid Labor Market Data, Fed Rate Speculation
U.S. Stocks Rise Amid Labor Market Data, Fed Rate Speculation Harvest Global Markets : In a dynamic day for the U.S. financial markets, stocks rallied following the release of labor market data that could potentially influence the Federal Reserve’s upcoming policy decisions. Investors are closely monitoring these developments as they gauge the likelihood of another interest […]
Economic Update: Euro Area Inflation and Unemployment Trends in August 2023
Economic Update: Euro Area Inflation and Unemployment Trends in August 2023 Harvest Global Markets : The Euro area’s annual inflation rate is anticipated to remain steady at 5.3% in August 2023, consistent with the previous month’s figures, according to an initial estimate from Eurostat. This surpasses the earlier forecast of 5.1%, reflecting unexpected inflationary pressures. Among […]
Bank of Japan’s Path to Inflation Target and Potential Interest Rate Increase
Bank of Japan’s Path to Inflation Target and Potential Interest Rate Increase Harvest Global Markets : In a significant development, Naoki Tamura, a prominent advocate for unwinding monetary stimulus within the Bank of Japan (BOJ), has indicated that the central bank might be on track to achieve its elusive 2% inflation goal by early next year. […]
Oil Faces Second Consecutive Weekly Decline Amidst Dollar Strength and Supply Concerns
Oil Faces Second Consecutive Weekly Decline Amidst Dollar Strength and Supply Concerns Harvest Global Markets : Oil prices have been grappling with a second week of decline, despite a temporary uptick on Friday. This decline comes as the dollar strengthened ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell, while concerns over supply […]
Nasdaq Prospects Rally 1% As Nvidia’s Victory Results Lift Simulated Intelligence Stocks
Nasdaq Prospects Rally 1% As Nvidia’s Victory Results Lift Simulated Intelligence Stocks Harvest Global Markets : Significant Asian innovation stocks, essentially Nvidia’s territorial providers, rose pointedly on Thursday after the world’s most important chipmaker timed agreement beating quarterly outcomes and estimate solid interest for man-made brainpower. Nvidia timed more grounded than-anticipated second-quarter profit on Wednesday, and […]
Gold Robust Despite Rise in Treasury Yields
Gold Robust Despite Rise in Treasury Yields Harvest Global Markets : Gold prices (XAU/USD) recovered modestly on Tuesday, supported by a decline in the US dollar, although US Treasury yields rose to their highest levels since November 2007. The background to this rally in gold is the broader financial market’s anticipation of the upcoming Central Exchange […]
Gold Sees Some Alleviation as Dollar Falls, Rate Climb Fears Cloud Viewpoint
Gold Sees Some Alleviation as Dollar Falls, Rate Climb Fears Cloud Viewpoint Harvest Global Markets : Gold costs rose somewhat on Friday, recuperating from a five-month low as the dollar saw some benefit taking, in spite of the fact that worries over higher U.S. financing costs held metal business sectors under tension. Costs were set for […]
Oil Prices Grapple with China’s Slowdown and Economic Concerns
Oil Prices Grapple with China’s Slowdown and Economic Concerns Harvest Global Markets : Amid a series of concerns casting a shadow over the market, oil prices are currently trading lower and persisting in their erratic downward trend. The decline in prices over the past three sessions can be attributed to worries about China’s economic development slowdown […]