European stock market indices the first cash session of a new week slightly higher. This comes after an upbeat Asian session that saw indices from the region gain, with Chinese indices trading up to 1.3% higher. AUD is the best performing major currency while JPY lags the most. Oil is trading a touch lower while […]
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17
Apr
Apr
Gold steadies above $2,000 as markets reassess Fed risks
Gold prices steadied in early Asian trade on Monday, holding on to key levels after hawkish comments from Federal Reserve officials on the path of interest rate hikes triggered a heavy dose of profit taking in the prior session. The yellow metal sank nearly 2% on Friday after noted Fed hawk, Governor Christopher Waller, called […]
14
Apr
Apr
US Banks Are Soaring- JPMorgan And Wells Fargo Results Above Expectation
The United States’ largest banks JP Morgan & Chase (JPM.US), Wells Fargo (WFC.US) and Citigroup (C.US) reported Q1 financial results that beat Wall Street analysts’ expectations. The strong results eased fears around the banking crisis, and the companies’ stocks are gaining ahead of the open. JP Morgan shares gained nearly 6%, Wells Fargo 4%, and Citigroup was trading 2% higher […]
14
Apr
Apr
Waller And Bostic See Another Rate Hike
Earlier, before the start of the Wall Street session and before the release of retail sales data, Bostic spoke on interest rates. In his opinion, interest rates should be raised by 25 bps in May. To this, Waller also presents his opinion, noting the decline in inflation, but in his opinion, the Fed’s task is […]
14
Apr
Apr
S&P500 Drops Ahead of Retail Sales
📆 Key report on condition of US consumer to be released at 1:30 pm BST Previous week saw release of solid data from the US jobs market while earlier this week investors were offered softer-than-expected data on US CPI and PPI inflation gauges. Now the time has come for the release of the US retail […]
14
Apr
Apr
Fed Bostic Comments Have Positive Effects on USDIDX
The U.S. dollar index is trying to halt the leading bearish trend, although JPMorgan Bank indicated that there is a deterioration in the “weighted average” economic outlook, and Credit Suisse updated its forecast today and gives an 80% chance of a recession in the U.S. over the next 12 months versus an earlier projection of […]
14
Apr
Apr
Dogecoin Maintains Momentum
Elon Musk has told Morgan Stanley analysts that he wants to make Twitter the world’s largest financial institution. Although the process is a long way off and its finale uncertain, Twitter announced yesterday that it will indirectly make stock and cryptocurrency trading available to users. The beneficiary of this news was Dogecoin, a cryptocurrency associated […]
14
Apr
Apr
Amazon Joins The AI Race
Yesterday, Amazon (AMZN.US) shares gained nearly 5% as the company unveiled a GPT-competing AI technology called ‘Bedrock’. If today’s bank results support sentiment on Wall Street, the company could extend its rise. In a letter to shareholders, CEO Andy Jassy stressed that he will be able to reduce the company’s costs and believes in its […]
14
Apr
Apr
US Retail Sales And Earnings Ahead
Futures markets point to a slightly higher opening of the European cash session today. This comes after an upbeat Wall Street session yesterday which saw major US stock market indices rally over 1%. Upbeat moods extended into the Asian trading hours and the majority of indices from the Asia-Pacific region also traded higher, although the […]
14
Apr
Apr
Japan convening panel on digital yen as BOJ pilot scheme gets underway
TOKYO (Reuters) – Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting of experts on April 21 to discuss the way forward. The nine experts, who include academics, economists, a lawyer and a consumer group […]