KEY POINTS Global markets have been focused of late on assessing the potential speed and trajectory at which the Fed will move to hike interest rates and tighten its ultra-loose pandemic-era monetary policy The central bank’s increasingly hawkish tone has led to a rise in bond yields, which spiked again on Tuesday and roiled risk …
KEY POINTS China’s exports grew slightly more than expected in December, while imports rose less than expected, according to customs data released Friday Citi is set to sell its retail businesses in four Southeast Asian countries — Indonesia, Malaysia, Thailand and Vietnam — to Singapore lender United Overseas Bank South Korea’s central bank raised its …
Japan, Korean stocks lead losses; data shows China’s exports beat expectations قراءة المزيد »
The U.S. dollar fell for a fourth consecutive day on Friday to its lowest in more than two months as investors took the view that most of the recent hawkishness from the U.S. central bank has already been priced in On Friday, the greenback slipped 0.2% to 94.62 against a basket of currencies , …
Dollar weakens for a 4th day on U.S. rate view قراءة المزيد »
KEY POINTS Silver also on track for best week since November 2021 Dollar set for largest weekly fall in 8 months U.S. retail sales data due at 1330 GMT . . . Gold prices were holding near a more than one-week high on Friday, supported by a retreating U.S. dollar and lower Treasury yields as …
Gold holds near 1-week high on struggling U.S. dollar قراءة المزيد »
KEY POINTS Several Federal Reserve policymakers on Thursday signaled that they could be prepared to begin raising interest rates in March U.S. inflation is now running at 7%, its fastest annual pace since 1982 Investors are also watching the unfolding geopolitical situation surrounding Ukraine, after Russia poured cold water on talks with NATO members . …
European stocks fall as hawkish Fed remarks dent global sentiment; EDF down 15% قراءة المزيد »
The dollar steadied above almost two-month lows against its major peers on Wednesday, ahead of data expected to show a fresh surge in U.S inflation that could seal the case for an early rise in interest rates Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in …
Gold prices retreated on Wednesday ahead of U.S. inflation data that could provide further direction on U.S. monetary policy after comments from the Federal Reserve Chair lifted bullion in the last session Spot gold was down 0.3% at $1,817.11 per ounce at 1147 GMT, after posting its biggest one-day percentage rise since mid-December …
Gold back-pedals after best day in a month; eyes on U.S. inflation data قراءة المزيد »
Oil prices steadied on Wednesday after rising in the previous session on expectations that fuel demand will continue to strengthen as the U.S. Federal Reserve is likely to raise interest rates more slowly than expected Brent and U.S. crude oil futures are trading at their highest since the highly contagious Omicron COVID-19 variant …
Oil prices hold firm on hopes economic growth to support demand قراءة المزيد »
KEY POINTS Markets in Asia-Pacific jumped on Wednesday China’s consumer price index was up 1.5% in December compared to a year ago, lower than the 1.8% rise expected in a Reuters poll . Fed Chair Jerome Powell said Tuesday that rate hikes and tighter policy will be needed to control inflation, but did not announce …
KEY POINTS The U.S. consumer price index rose 7% in December from 12 months ago, meaning annual inflation hit its fastest incline for nearly 40 years . Fed Chairman Jerome Powell said on Tuesday that the economy is both healthy enough and in need of tighter monetary policy, which likely will entail rate hikes, tapering …
European markets nudge higher as U.S. inflation heats up; Philips down 15% قراءة المزيد »
KEY POINTS Brent crude futures gained 40 cents, or 0.5%, to $81.27 a barrel at 0529 GMT, after dropping 1% in the previous session U.S. West Texas Intermediate (WTI) crude futures rose 52 cents, or 0.7%, to $78.75 a barrel, after falling 0.8% on Monday A weaker U.S. dollar helped support oil prices on Tuesday, …
Oil prices rise on renewed risk appetite, tight OPEC supply قراءة المزيد »
KEY POINTS The dollar index, which measures the greenback against six major peers, was up 0.06% at 95.997 . . The dollar edged higher against a basket of currencies on Tuesday, as a bout of volatility in global financial markets kept demand for riskier currencies in check and as investors waited for Federal Reserve Chair …
Dollar edges higher as FX markets focus on Powell testimony قراءة المزيد »
