Major US stock indices opened higher on Thursday, November 20, after a series of declines since the start of the week. Nvidia's results eased pressure on the technology and artificial intelligence sector, which had been a major driver of recent market losses, in addition to reduced market expectations for an interest rate cut in December. All sectors of the S&P...
The US Bureau of Labor Statistics report released moments ago shows that the US economy added 119,000 jobs in September, a figure delayed due to the government shutdown. This compares to a revised figure of 22,000 jobs added in August (later revised upwards to a loss of 4,000), exceeding market expectations of 53,000 new jobs. Meanwhile, the unemployment rate rose...
Crude oil prices fell more than 2% in midday European trading on Wednesday, November 19, after rising for four consecutive sessions. This decline was influenced by Russian statements indicating that Russia would soon reach its production quota. Preliminary figures showed an increase in inventories, while markets awaited official figures from the US Energy Information Administration later in the day. US...
The UK's Consumer Price Index (CPI), which measures inflation, rose 3.6% year-on-year in October, according to data released by the Office for National Statistics (ONS) on Wednesday morning, November 19. This compares to 3.8% in September and was below expectations of a slowdown to 3.5%. On a monthly basis, the CPI rose 0.3% in November, compared to 0.6% in October...
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...