U S INTEREST RATES
IMF says emerging market capital inflows recover to 2018 levels
The IMF's External Sector Report indicated gross capital inflows into emerging markets, excluding China, hit $110 billion or 0.6% of GDP last year, the highest since 2018, amidst high U.S. interest rates. These markets showed resilience. China faced net outflows and negative FDI. Net portfolio inflows dipped; FDI held steady. (David Lawder; Franklin Paul)
Gold eases but set for weekly gain as Fed rate-cut bets boost appeal
Gold prices see a slight dip after three weeks of gains, driven by U.S. inflation data hinting at interest rate cuts. Analysts predict potential record highs as market conditions favor gold. Silver, platinum, and palladium show weekly declines amidst market uncertainties.
Oil rises on cooling US inflation, strong summer demand
Oil prices rose Friday amid strong summer demand and easing U.S. inflation. Brent futures rose 0.4% to $85.77, and WTI rose 0.6% to $83.12. U.S. gasoline demand hit 9.4 million bpd for the week of July 5. US refiners drew from stocks. Falling consumer prices boosted sentiment; WTI futures tight. ANZ’s Daniel Hynes noted the weaker dollar.
Oil prices tick up as crude, gasoline inventories ease
Oil prices rose as U.S. crude and gasoline stocks fell, with Brent at $85.43 and WTI at $82.47. Influences include U.S. inflation data, Federal Reserve actions, Powell's comments, CPI and PPI reports, OPEC's forecast, Hurricane Beryl impact, economic growth, air travel, rate cut speculation, and interest rates affecting borrowing costs.
Oil rebounds as U.S. stockpiles drop, interest rate cut outlook brightens
Oil prices rebounded due to falling U.S. crude stockpiles and rate cut hopes. WTI and Brent futures rose. Investors anticipate economic growth from rate cuts. Powell's comments and limited Texas energy issues post-Hurricane Beryl supported prices. API and EIA foresee higher demand. Crude stocks fell by 1.923 million barrels on July 5. Gasoline inventories also decreased as ports reopened.
Rupee ends flat, tracking rangebound Asian peers; Powell's testimony in focus
Indian rupee hovers near flat against US dollar as investors eagerly await Federal Reserve Chair's comments on interest rates.
Dollar droops before Powell testimony; euro weathers France uncertainty
The U.S. dollar stayed near a multi-week low post-payrolls report, with traders awaiting Federal Reserve Chair Jerome Powell's testimony. The euro steadied despite French political gridlock. The dollar index hit 104.99. Thursday's consumer price data remains crucial. NAB's Ray Attrill highlights investor sentiment amid uncertainties. September rate cut expectations influence the market.
Gold lingers near one-month high on Fed rate-cut bets
Gold prices eased slightly after reaching a one-month high due to expectations of a Fed rate cut in September. Unemployment rate increase supports rate cut speculation. China's central bank refrains from gold purchases. Indian dealers offer discounts. Perth Mint reports decline in gold and silver sales.
Oil prices on track for fourth straight week of gains
Oil prices stabilized in Asian trade, set for a fourth week of gains amid strong U.S. summer demand and supply concerns. Brent and WTI prices rose. Russia's Rosneft and Lukoil to cut July exports. Saudi Aramco lowered Asian prices. Sentiment boosted by geopolitical tensions, a 12.2 million barrels draw, potential Fed rate cuts, and the Gaza conflict.
Brent crude above $87 at highest levels since April
Brent crude prices reach a 3-month high at $87 due to a significant drop in US inventories. Market sees gains supported by dollar weakness and improved US fuel demand outlook. However, economic worries persist with unexpected German industrial orders decline and rise in US jobless claims.
Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
Dollar on the defensive after soft data, little relief for yen
Currency markets react to global economic trends, with sterling potentially shifting leadership from Rishi Sunak to Keir Starmer in the UK.
Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
In June, inflation in the eurozone fell slightly to 2.5%, above the European Central Bank's target. The ECB remains cautious about adding more rate cuts after a recent reduction. Inflation is expected to remain between 2% and 3%. ECB President Lagarde emphasizes the need to control inflation before further rate cuts. The economy faces challenges with high rates impacting credit-sensitive sectors like real estate.
Oil holds near two-month high on higher demand outlook, possible rate cut
Exciting developments in the oil market as prices hold steady near recent highs, driven by robust demand projections and the possibility of U.S. interest rate cuts. The looming threat of Hurricane Beryl and reduced crude imports into Asia, especially China, add further intrigue to the market landscape.
Oil inches higher on summer demand outlook
Oil prices rose on supply deficit forecasts and OPEC+ cuts amid global economic challenges. Traders are cautious about rising non-OPEC+ output. Monitoring includes China's oil demand, the Atlantic hurricane season, and the impact of Hurricane Beryl.
Jobs, inflation data may break the US Treasury market out of narrow range
Bond market trends are closely tied to Powell's testimony, economic indicators, and Treasury yield movements. Factors like the recent Australia inflation rebound, central bank actions, and insights from Macquarie Group are key considerations for investors navigating market uncertainties.
Gold prices heads for quarterly rise; spotlight on inflation data
In the world of gold investment, tracking prices, inflation data, and the Federal Reserve's stance is key. Market dynamics shift based on factors like GDP estimates, equipment spending, and spot silver prices. Understanding these nuances is crucial for making informed investment decisions in a constantly evolving economic environment.
Oil extends losses as strong dollar weighs on commodities markets
Oil prices fell in early Asian trade on Monday due to a stronger dollar and concerns of higher interest rates. Brent crude futures slid to $84.84 a barrel, while U.S. West Texas Intermediate crude futures were at $80.34. Geopolitical risks in the Middle East and issues in Ecuador impacted prices.
Oil prices slip as rate hike worries come into focus
Crude oil futures slid on Friday due to higher interest rates in Asia and the U.S., with Brent futures at $85.60 and U.S. crude at $81.20. Japan's core consumer prices rose by 2.5% from last year.
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