Skip to content Skip to sidebar Skip to footer

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

News

Euro and Pound Strengthen as Lower US Inflation

Favorable market conditions in the eurozone and the UK and lower US inflation could prompt the US Federal Reserve to consider rate cuts. As the euro and pound strengthen, the Fed might feel pressured to adjust rates to maintain the competitiveness of the dollar. Both the euro and stock markets across Europe climbed following the…

ByPexecoAugust 15, 20240Comments

Stocks

Home Depot Lowers Its Comparable Sales Outlook

KEY TAKEWAYS Home Depot shares edged lower in early trading Tuesday despite a second-quarter earnings beat as the home-improvement giant lowered its 2024 comparable sales guidance. Home Depot now sees full-year comparable sales down 3% to 4% from fiscal 2023, worse than its previous guidance of a 1% decline. CEO Ted Decker said consumers continue…

ByPexecoAugust 14, 20240Comments

News

European markets and Wall Street mixed after Monday’s sell-off

European markets opened higher on Tuesday morning but went back in the red by the afternoon as Wall Street started Tuesday's trading session in the green. European markets opened higher on Tuesday with Germany's DAX, France's CAC 40 and London's FTSE 100 all in the green after a massive sell-off on Monday. However, by the afternoon, all…

ByPexecoAugust 6, 20240Comments

News

Global stocks plunge after tech-driven sell off and US growth fears

The global sell-off on stock markets deepened as US jobless figures hit a three-year high. The unemployment rate rose to 4.3%, up from 4.1% and its highest level since October 2021. Global stock markets were in a sea of red on Friday as risk-off sentiment prevails following the Bank of Japan's (BOJ) rate hike, coupled…

ByPexecoAugust 3, 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

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

Euro and Pound Strengthen as Lower US Inflation

Home Depot Lowers Its Comparable Sales Outlook

European markets and Wall Street mixed after Monday’s sell-off

Global stocks plunge after tech-driven sell off and US growth fears

Bank of England Cuts Interest Rates to 5%