THE FINANCE MINISTER OF JAPAN CAUTIONS AGAINST AN OVERLY AGGRESSIVE DEVALUATION OF THE YEN
THE FINANCE MINISTER OF JAPAN CAUTIONS AGAINST AN OVERLY AGGRESSIVE DEVALUATION OF THE YEN Harvest Global Markets : Finance Minister Shunichi Suzuki of Japan stated that appropriate measures would be taken if the yen experiences excessive weakening. This came after the currency reached its lowest point against the dollar in seven months. Suzuki cautioned against investors […]
Central Bankers Remain Resolute as Economies Weather Rate Hikes
Central Bankers Remain Resolute as Economies Weather Rate Hikes Harvest Global Markets : In a joint appearance at a panel discussion in Sintra, Portugal, top central bankers, including Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde, and Bank of England Governor Andrew Bailey, reiterated their commitment to curbing high inflationary pressures. Despite a […]
Crude Losses Continue Due To Concerns of Interest Rate Increase
Crude Losses Continue Due To Concerns of Interest Rate Increase Harvest Global Markets : Oil costs rose somewhat in early Asian exchange on Wednesday after information proposed that U.S. rough inventories shrank in the previous week, in spite of the fact that expectation of additional signs on worldwide loan fees kept dealers anxious. Rough costs were […]
Gold Futures Plunge to Lowest Level Since March 17 After Powell’s Remarks
Gold Futures Plunge to Lowest Level Since March 17 After Powell’s Remarks Harvest Global Markets : Today, Chairman Powell gave testimony to the House Financial Services Committee. This is a section of his semiannual report, which he will present to the Senate Banking Committee tomorrow and conclude. His opening statement was nearly identical to his opening […]
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%, […]