Gold prices rose past key levels on Wednesday, boosted by safe haven buying after Minneapolis Federal Reserve President Neel Kashkari flagged a potential recession this year, with focus also turning to more U.S. economic cues due later in the day. Kashkari said that rising interest rates and a slowdown in lending after the collapse of […]
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Apr
Apr
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Ukraine farmers say protests in EU over Ukrainian grain are political
KYIV (Reuters) – Protests by European farmers are political and shipments of Ukrainian grain are not reducing the profitability of their business, Ukrainian food producers’ union UAC said on Wednesday. Logistical bottlenecks have kept large quantities of Ukrainian grains, which are cheaper than those produced in the European Union, in Central European states, reducing prices […]
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Apr
Apr
China records world’s first human death from H3N8 bird flu -WHO
BEIJING (Reuters) – A Chinese woman has become the first person to die from a type of bird flu that is rare in humans, the World Health Organisation (WHO) said, but the strain does not appear to spread between people. The 56-year-old woman from the southern province of Guangdong was the third person known to […]
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Apr
Apr
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Oil Moves Higher as market awaits key US inflation data
Oil prices edged up on Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve’s policy on future interest rate hikes. Brent crude gained 19 cents, or 0.2%, to $85.80 a barrel as of 0615 GMT, while U.S. West Texas Intermediate rose 13 cents, or 0.2%, […]
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Apr
Chart of The Day
Today, investors’ attention turns primarily to the US CPI inflation report, which, along with the labor market data we have learned, will be a major factor in determining what the Fed will do at the next FOMC meeting in May. Analyst consensus assumes that the headline reading for CPI inflation will drop significantly, coming in […]
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Apr
Apr
Under Pressure USD Awaits The Fed
The U.S. dollar edged lower in early European trade Wednesday, as traders cautiously await the release of the latest U.S. inflation data which could influence future Federal Reserve monetary policy. At 03:05 ET (07:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 101.700. EUR/USD rose 0.2% […]
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Apr
Apr
The Day Ahead
Futures based on indexes from the Old Continent point to a slightly lower opening of today’s trading session in Europe. Investors are looking uncertainly towards the macro readings scheduled for today, which are likely to dictate how the future monetary policy of the major central banks will be created. In the FX market, sentiment is […]
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Apr
Apr
The Morning Wrap
Indices on Wall Street ended yesterday’s session in mixed sentiment. Investor sentiment was weighed down primarily by uncertainty over the US CPI inflation reading scheduled for today, which will be one of the final key clues creating the FOMC’s decision at its next meeting in May. The S&P 500 ended trading unchanged on a daily […]
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Apr
Apr
Dow futures rise 215 pts after March U.S. CPI comes in cooler than expected
U.S. stocks are seen opening firmly higher Wednesday, after the March inflation data came in cooler than expected, potentially offering the Federal Reserve the opportunity to pause its rate-hiking cycle. At 08:40 ET (12:40 GMT), the Dow Futures contract was up 215 points or 0.7%, S&P 500 Futures traded 34 points or 0.8% higher, and Nasdaq 100 Futures traded 135 points, […]
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Apr
Colder Weather Outlook Sees NATGAS Climb
US natural gas prices (NATGAS) trade around 2.5% higher today. NATGAS has already jumped more than 10% off the Thursday low. New set of weather forecasts for the United States can be named as a reason behind improved sentiment towards natural gas this week. As one can see on the image below, a new set […]