Cryptocurrencies experienced near-universal declines in midday trading on Tuesday, November 18th, marking their sixth consecutive session of losses. This coincided with a decrease in risk appetite across markets and a decline in global stocks amid concerns about a slowdown in the technology and artificial intelligence sectors. Market expectations for a Federal Reserve interest rate cut in December have also diminished....
Gold traded lower for the fourth consecutive session in midday European trading on Tuesday, November 18th, as market expectations for an interest rate cut at the December meeting diminished. This positively impacted the US dollar and negatively affected gold, which fell by approximately 0.19% to trade at $4,036 per ounce. Silver, meanwhile, traded at $50.27 per ounce, up 0.13%. Market...
The Consumer Price Index (CPI) in Canada rose by approximately 2.2% year-on-year in October, according to figures released moments ago. This represents a slowdown compared to September's 2.4% increase. The core CPI, which excludes gasoline prices, rose to 2.6% year-on-year. On a monthly basis, the index rose by 0.2% in October, following a 0.1% increase in September, matching expectations. This...
The US Dollar Index (USD Index) rose for the second consecutive session at the start of trading this week on Monday, November 17th, as market expectations for a Federal Reserve interest rate cut at its meeting on December 10th have decreased. According to the CME FedWatch tool, market expectations for a 25-basis-point rate cut in December have fallen to 44%,...
The Japanese economy contracted by approximately 0.4% in the third quarter of this year, ending in September, marking its first contraction in six quarters, according to data released by the Japanese Cabinet Office on Monday morning during the Asian trading session. This was better than the expected decline of 0.06% and compared to a revised 0.5% growth in the second...
Asian markets closed lower on Friday, November 14, the final trading day of the week, as Wall Street's sharp decline on Thursday, weighed on trading. The technology sector was particularly affected, while Chinese economic data dominated the Asian session. Figures released this morning showed that retail sales in China rose 2.9% year-on-year in October, compared to 3.0% in September. This...
The three major US stock indexes opened lower on Thursday, November 13, as investors assessed the end of the longest government shutdown in history and its potential impact on the economy. The shutdown delayed October's inflation and labor market figures and added uncertainty to market expectations regarding the Federal Reserve and interest rate cuts. The US government ended its longest...
Preliminary estimates from the UK's Office for National Statistics show that the UK's gross domestic product (GDP) grew by 0.1% in the third quarter of this year, ending in September, following growth of 0.3% in the second quarter. This fell short of expectations. On a monthly basis, the economy contracted by 0.1% in September, after showing no growth in August...
Australian unemployment fell by 0.2 percentage points to 4.3%, according to figures released by the Australian Bureau of Statistics (ABS) at the start of Asian trading on Thursday, November 13. This compares to 4.5% in September and is better than market expectations, which had anticipated a drop to 4.4%. The labor force participation rate remained stable at 67.0%. The Australian...
Crude oil prices declined at the start of European trading on Wednesday, November 12, after rising for three consecutive sessions. Markets are awaiting preliminary inventory figures and the US House of Representatives' vote on a bill to refund government agencies until January 30, ending the longest government shutdown in history. Brent crude fell by about 0.75%, trading at $64.67 a...