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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
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
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
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
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
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
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
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
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
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.
Gold price eyes all-time high as US economy cools
2024-03-05
Gold is nearing a 3-month peak on Tuesday as markets anticipate the Fed's June rate cut. It surged $50 last week due to weak US data.
Oil industry cheers OPEC+ cut extension
2024-03-04
Oil prices surged as OPEC+ decided to prolong voluntary output cuts by 2.2 million bpd into Q2, meeting market forecasts.
Gold shrugs off PCE amid Putin’s nuclear threats
2024-03-01
Gold steadied near one-month highs post-US inflation data meeting expectations, with a 62% likelihood of a June Fed rate cut factored in by markets.
PCE price index Jan - U.S. consumer index stable
2024-02-29
Core PCE price index increased 2.9% in December from a year earlier, cooling to an almost three-year low even with robust holiday spending.
Oil prices sag as US crude stock build continues
2024-02-29
Thursday saw oil prices dip due to a significant rise in US crude stockpiles, sparking concerns over sluggish demand and prolonged high interest rates.
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