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​Oil prices rally despite signs of stagflation

​Oil prices rally despite signs of stagflation

Oil prices rose Friday due to the US Treasury secretary's comments on the economy's strength and potential supply disruption in the Middle East.

2024-04-26
PCE price index Mar - Consumption growth hits 1-year high

PCE price index Mar - Consumption growth hits 1-year high

The Core PCE price index rose 2.8% in February year-over-year, matching expectations. Goods prices increased more than services, driving inflation.

2024-04-26
Mining mega-deal set to rattle Australian market

Mining mega-deal set to rattle Australian market

The Australian stock market is closed Thursday for Anzac Day. The ASX 200 index reached five record highs but underperformed its major peers.

2024-04-25
​Wall St may slide the slope of hope

​Wall St may slide the slope of hope

U.S. stocks are influenced by inflation, and experts are cautiously optimistic. Banks raised S&P 500 targets, expecting 5,500 by year-end.

2024-04-24
Gold prices steady on shaky Treasuries

Gold prices steady on shaky Treasuries

Gold prices steadied on Wednesday after reaching a two-week low from easing Middle East tensions. The fragile bond market may limit further declines.

2024-04-24
Euro outruns sterling with BOE on tenterhooks

Euro outruns sterling with BOE on tenterhooks

The euro stayed flat after rising against the pound last week. UK and EU banks signaled their readiness to act amid easing price pressures.

2024-04-23
US stocks plummet before tech earnings season

US stocks plummet before tech earnings season

US major stock indexes dropped Friday; Treasury yields fell amid weak earnings, interest rate uncertainties, and geopolitical tensions.

2024-04-22
​Oil yet to grease the wheels on loonie

​Oil yet to grease the wheels on loonie

The Canadian dollar weakened after the Bank of Canada held interest rates steady and hinted at possible monetary policy easing soon.

2024-04-19
Wall St meanders as AI frenzy cools off

Wall St meanders as AI frenzy cools off

Asian shares and bond yields fell as safe-haven assets rose during the Mideast conflict. Nasdaq 100 dropped for the fourth time in five sessions.

2024-04-19

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