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Read snapshots of the latest market news
US producer inflation cooler than expected In July
U.S. inflation pressure softens with a modest PPI increase, while the UK sees an unexpected drop in unemployment
13 Aug 2024, 13:28
June PCE data shows modest inflation
Core PCE prices and real consumer spending both increased by 0.2%
26 Jul 2024, 13:46US economy surpasses growth expectations
The US economy grew 2.8% in Q2 2024, surpassing the 2.0% forecast, with strong consumer spending and investment.
25 Jul 2024, 13:29Dollar boosted by risk-off sentiment
Gold trading near a multi-day low around the $2,420 mark, driven by a stronger US Dollar and profit-taking following a recent rally.
19 Jul 2024, 07:50
BoE’s Dhingra calls for rate normalization
BoE’s Swati Dhingra urges immediate interest rate normalization, citing weak UK demand and stable inflation
15 Jul 2024, 14:10WTI rises to $83.74 after large inventory drawdown
Markets change direction after Powell’s dovish comments on inflation
3 Jul 2024, 07:31Yen plunges to lowest level in 38 years
The U.S. dollar climbed to a peak of 160.82 yen, the highest since December 1986 while gold prices fell below $2,300.
27 Jun 2024, 08:25Japan consider intervention with USDJPY near 160
The BoJ is considering market intervention as USD/JPY nears 160. Rising inflation risks and yen depreciation were key discussion points in the latest policy meeting, with potential rate hikes and adjustments to bond purchases on the table.
24 Jun 2024, 07:30S&P 500 at ATH, UK growth remains flat
Asian markets face selling pressure; Chinese indices weaken post CPI inflation data release
12 Jun 2024, 06:47Stronger-than-expected job growth pressures gold
Market expects less dovish stance from the Federal Reserve
7 Jun 2024, 12:54