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Euro eyes parity with Swiss franc again
Euro eyes parity with Swiss franc again
2024-03-20
On Wednesday, the euro reached its highest level against the Swiss franc since late November. Yield differentials now eclipse past inflation fears.
​Wall St lifted by a report about iPhone
​Wall St lifted by a report about iPhone
2024-03-19
Asian shares dipped slightly while Wall Street's key indexes surged, led by megacap tech firms like Alphabet and Tesla.
US equities unwavering amid sticky inflation print
US equities unwavering amid sticky inflation print
2024-03-18
US stocks closed flat. Thursday as higher-than-expected inflation tempered early 2024 Fed rate cut hopes, but lower Treasury yields limited declines.
Oil prices extend rally from a weekly gain of 4%
Oil prices extend rally from a weekly gain of 4%
2024-03-18
Oil prices rose in early Asian trading, building on last week's 4% gain due to tightening supply amid rising geopolitical tensions.
​Australian dollar slips as traders weigh export prospects
​Australian dollar slips as traders weigh export prospects
2024-03-15
AUD hit a one-week low on Friday. RBA to keep key rate unchanged till September as per Reuters poll, with at least 2 cuts expected in Q4.
Oil prices firmed after attacks on Russian refineries
Oil prices firmed after attacks on Russian refineries
2024-03-14
Oil prices are nearing a 4-month peak. Surging 3% on Ukraine's attacks on Russian refineries, an unexpected drop in US crude inventories.
​Gold prices pull back from record high on hot CPI
​Gold prices pull back from record high on hot CPI
2024-03-13
Gold prices fluctuated Wednesday, down 1% due to rising Treasury yields. The CPI rose 3.2%, above the 3.1% forecast, suggesting persistent inflation.
US CPI YoY Feb - Home prices drag on inflation
US CPI YoY Feb - Home prices drag on inflation
2024-03-12
US January inflation was up 3.1%, down from 3.4% prior. High shelter costs burden consumers. Economists expected a 2.9% rise.
​Currency crisis deepens in Turkey
​Currency crisis deepens in Turkey
2024-03-12
Lira extended losses against USD on Tuesday, marking its worst weekly performance since July 21. Bloomberg reports it has lost over 7% this year.
​UK equities unimpressed by the Tories’ new plan
​UK equities unimpressed by the Tories’ new plan
2024-03-11
Asian shares dipped on Mon, mirroring the US downturn. The FTSE 100 slid, extending its third consecutive week of decline.
​Loonie benefits from buoyant domestic data
​Loonie benefits from buoyant domestic data
2024-03-08
The Canadian dollar steadied at a 2-week high vs. USD on Friday. Domestic data: trade balance surplus in January, business activity rebounds.
Gold extends record run after Powell’s rate cut message
Gold extends record run after Powell’s rate cut message
2024-03-07
The gold price is nearing a record high due to rising US rate expectations. Bullion surges by 30% in 16 months from the late 2022 low.
NFP - The job market continues to be strong
NFP - The job market continues to be strong
2024-03-06
January saw nonfarm payrolls grow by 353,000, surpassing Dow Jones' estimate of 185,000. Unemployment remained at 3.7%, beating the 3.8% estimate.
Wall St and European shares lower as tech rally stalls
Wall St and European shares lower as tech rally stalls
2024-03-06
Asian stocks fell as major US tech firms dragged down markets after Wall Street's decline. Nasdaq led with a 1% drop, alongside other US indexes.
Feb ADP - Employment data falls short of expectations
Feb ADP - Employment data falls short of expectations
2024-03-05
ADP's latest survey: Only 107,000 jobs added, far below the expected 145,000. December's gain revised to 158,000 from 164,000.