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Asian Markets Dip Following US Presidential Debate; Wall Street Mixed

Asian benchmarks slipped on Wednesday after a mixed close on Wall Street, where traders monitored the potential market impact from the overnight US presidential debate between Vice President Kamala Harris and former President Donald Trump. The debate coincided with uncertainty in the financial markets, causing fluctuations in currencies and stocks. The US dollar, which has…

ByPexecoSeptember 11, 20240Comments

News

British Pound Surges Amid Fed’s Dovish Shift

The British pound surged to its highest level against the US dollar, driven by the Bank of England's more hawkish stance compared to the Federal Reserve's outlook at the Jackson Hole Symposium last Friday. The pound also rose sharply against other G-10 currencies following the symposium, a key event hosted by the Federal Reserve in…

ByPexecoAugust 26, 20240Comments

Banks

ECB urges caution on interest rate cuts amid inflation uncertainty

The ECB is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions. The European Central Bank (ECB) is treading carefully on potential interest rate cuts, opting to approach its September meeting with an open mind and guided…

ByPexecoAugust 23, 20240Comments

Commodities

Oil Prices Drop as Ceasefire Hopes Rise Amid Israel-Hamas Conflict

Ceasefire hopes have risen following Israel's recent acceptance of a US bridging proposal. Hamas, however, has yet to do the same. Oil prices dropped close to their lowest levels in 2024 on Tuesday morning, following increased hopes of a ceasefire in the Israel-Hamas war. Brent crude oil prices inched down 1.03% to $76.8 per barrel…

ByPexecoAugust 20, 20240Comments

Commodities

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Gold prices have reached a new all-time high, driven by expectations of a lower interest rate environment and increasing demand for safe-haven assets. In contrast, base metals such as copper remain weak, largely due to sluggish economic growth in major economies, particularly from China. Both spot gold and futures prices surged to a new record…

ByPexecoAugust 19, 20240Comments

Commodities

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

Crude oil and gold prices surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. While increasing demand for safe-haven assets is likely to sustain gold prices, the bullish momentum in oil markets may also persist due to concerns over undersupply. Recently, both oil and gold prices surged…

ByPexecoAugust 13, 20240Comments

News

Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate decision remains a key factor in determining the single currency's trend. The euro has recently surged amid global market turmoil, being viewed as a safe haven currency. The exchange rate…

ByPexecoAugust 7, 20240Comments

News

Bank of England Cuts Interest Rates to 5%

The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities. The Bank of England cut interest rates at its August meeting for the first time since…

ByPexecoAugust 1, 20240Comments

Finance News

Eurozone private sector expands in June

Euro area private sector activity grew in June, surpassing earlier estimates and showing robust recovery. Activity in Spain showed the strongest growth, while contractionary conditions held in France amid election uncertainties. Private sector activity in the euro area expanded in June, surpassing previous estimates, indicating that the recovery phase is well on track, though with…

ByPexecoJuly 15, 20240Comments

Commodities

What To Watch in Oil Markets in the Second Half of the Year

KEY TAKEWAYS A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast. For consumers,…

ByPexecoJuly 6, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Asian Markets Dip Following US Presidential Debate; Wall Street Mixed

British Pound Surges Amid Fed’s Dovish Shift

ECB urges caution on interest rate cuts amid inflation uncertainty

Oil Prices Drop as Ceasefire Hopes Rise Amid Israel-Hamas Conflict

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

Bank of England Cuts Interest Rates to 5%

Eurozone private sector expands in June

What To Watch in Oil Markets in the Second Half of the Year