US FEDERAL RESERVE
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.
Wall Street ends lower as investors digest inflation data, presidential debate
Market dynamics were influenced by strategic acquisitions like Nokia's deal with Infinera, impacting trading volume. Sector performances varied, with energy and real estate sectors showing resilience, while utilities and communications services faced declines.
US inflation cools in May; consumer spending rises moderately
ART HOGAN from B RILEY WEALTH notes the stable 2.6% core PCE, potentially leading to Fed rate cuts. The overall economic indicators suggest a favorable environment for equities, with ongoing downward trends in treasury yields.
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.
Wall Street closes subdued as investors sit, wait for inflation data
Tech stocks like Amazon surged as market volatility persisted. Atlanta Fed President hinted at rate cuts amidst narrowing inflation. Micron's revenue forecast met mixed reactions, reflecting ongoing market uncertainty.
Asia stocks down, yen slump keeps markets on intervention alert
Inflation concerns impact markets worldwide, driving bond yields up and Asian shares down. Currency markets watch as the yen weakens, prompting fears of intervention. Unexpected jumps in inflation in Australia and Canada add to market nerves before the Federal Reserve's upcoming data release.
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Asian shares shaky as investors wary before US inflation data
Asian stocks hesitated in early trade amid anticipation for a crucial U.S. inflation reading. Concerns over potential Japanese intervention lingered as the yen approached 160 per dollar. Japan and Taiwan stocks rallied, while China's market saw a slight decline. Fed comments and stable housing market data influenced rate cut expectations.
Has America’s banking information been compromised? What is this ransomware group’s demand?
A ransomware group named ‘LockBit’ is claiming to have hacked into the servers of the US Federal Reserve and stolen ‘sensitive’ banking information. They claim to be negotiating with the Central Bank and have threatened to release the information if their demands aren’t met by Tuesday.
Asian shares subdued, yen hits record low versus euro
Asian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. Investors cautious ahead of U.S. price data, U.S. presidential debate, French election.
Big US banks expected to be cautious on shareholder payouts
Big U.S. lenders brace for Fed stress tests evaluating capital resilience in economic hardships, impacting returns to investors amid challenges in regional lending and commercial real estate.
Gold prices edge higher as US Treasury yields soften
Gold prices rose on Monday as Treasury yields fell, with investors awaiting economic data and comments from Federal Reserve officials for clarity on interest rate cuts.
Asia shares subdued as inflation, politics loom large
Asia shares subdued awaiting U.S. price data for inflation cues. Markets cautious of Japanese intervention as dollar tests 160 yen level. Geopolitical events like U.S. debate and French election add uncertainty.
Asian shares end the week with a whimper, yen back to intervention watch
Asian shares ended the week lower as profit-taking followed a rally to 26-month highs. The U.S. dollar's strength pushed the Japanese yen towards intervention levels.
Unstoppable bull run! Sensex, Nifty hit lifetime highs for 4th straight day on solid global cues
Nifty50 and Sensex reached new highs driven by banking and IT stocks amid expectations of a rate cut by the Federal Reserve.
Asian stocks rise on tech rally, Fed rate cut wagers
Asian shares rose to a three-week high driven by tech stock rally as the dollar struggled post soft U.S. retail sales data, hinting at potential Fed rate cuts.
5 world market themes for the week ahead
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
Asian stocks slide, yen wobbles ahead of BOJ verdict
Asian stocks fell as investors reacted to U.S. rate outlook post Federal Reserve's tempered views. Yen was shaky ahead of Bank of Japan meeting.
D-Street indices touch new highs, but US Fed’s rate hints cap gains
Equity indices closed at fresh new highs on Thursday. The NSE Nifty advanced 0.33% to close at 23,398.9 after the US Federal Reserve indicated the likelihood of one interest rate cut in 2024.
Fed outcome expectations: Markets hawk-eyed for any clues on rate easing this year
The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.
India may reduce rates before US Federal Reserve does
RBI Governor Shaktikanta Das on Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada and European Central Bank cut rates last week.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
Asia shares stumble; political uncertainty grips euro
Asian stocks fell as traders reduced bets for Fed rate cuts due to a tight US labor market. A snap election in France raised political concerns, impacting the euro. MSCI's Asia-Pacific shares index also dropped.
JPMorgan, Citi scrap Fed rate-cut bets for July after jobs data
JPMorgan's chief US economist, Michael Feroli, stated in a report on Friday that "the recent momentum in job growth" indicates that the "broader" labor-market weakening, which the Fed mentioned could justify a rate cut, might take more than three months to materialize.
US stocks close slightly lower; jobs data strong but rates still high
Wall Street stocks ended slightly lower on Friday after strong U.S. jobs data raised concerns about the Federal Reserve's stance on interest rates. The Labor Department reported 272,000 jobs in May, exceeding expectations, with a 4% unemployment rate.
Stocks and bonds fall in run-up to US Jobs report
Stocks and bonds lost steam ahead of the US jobs report, impacting the Federal Reserve's next steps. Traders refrained from big bets as equities retreated from all time highs.
ECB jumps ahead of Fed, cuts interest rate by 25 bps for first time since 2019
ECB raises inflation forecast for 2024, 2025. Analysts say the quarter-point cut on Thursday would likely not usher in a swift series of further cuts as the bank waits to make sure inflation is under control while easing credit to help the economy. While inflation at an annual rate of 2.6% in May is well down from the peak of 10.6% in October 2022, the decline has slowed in recent months and inflation even ticked up slighly from 2.4% in April.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
Wall Street stocks end slightly higher as weak jobs data supports rate cut
U.S. stocks rose on Tuesday as labor market data hinted at a Fed rate cut. Axos Financial dropped after Hindenburg Research shorted the stock.
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