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Stock agnostics unimpressed with Dow over 40,000
Stock agnostics unimpressed with Dow over 40,000
2024-05-21
The US stock market eyes Dow Jones crossing 40,000, experts foresee 5,600 targets, and corporate profits surge in forecasts.
Crude prices set for weekly gain after stock draw
Crude prices set for weekly gain after stock draw
2024-05-17
Asian oil prices surged Friday as global benchmark Brent eyed its first weekly gain in three weeks, driven by rising demand and a weaker US dollar.
European and US Stocks Soar to Record Highs
European and US Stocks Soar to Record Highs
2024-05-17
On Wednesday, Wall Street's key indexes hit records. S&P 500 and Nasdaq 100 rose over 1%, led by tech stocks posting a good CPI report.
US CPI April: Inflation hits a record high
US CPI April: Inflation hits a record high
2024-05-16
March's CPI surged to 3.5%, led by higher housing and energy expenses, dimming prospects for imminent Fed rate cuts.
Wall Street Questions Japan's Ability to Support the Yen
Wall Street Questions Japan's Ability to Support the Yen
2024-05-16
The yen briefly rebounded after plummeting to 160 at the end of April, but fell again in less than a week, causing market concerns.
Gold prices resume upside on robust demand
Gold prices resume upside on robust demand
2024-05-16
Gold prices stabilized as US producer prices soared in April, while the US dollar and Treasury yields retreated.
Global investors avoid Japan as the yen tumbles.
Global investors avoid Japan as the yen tumbles.
2024-05-15
Asian shares hovered around 15-month highs on Tuesday. Japan's Nikkei was flat as the10-year JGB yield edged closer to 1%.
Weak oil prices weigh on loonie rally
Weak oil prices weigh on loonie rally
2024-05-14
The Canadian dollar slipped Monday after a modest weekly gain. Strong Canadian job data and weak US numbers boosted the loonie.
The FTSE China A50 Index continues to rise despite skepticism
The FTSE China A50 Index continues to rise despite skepticism
2024-05-13
FTSE China A50 Index was flat Friday, aiming for a fourth straight weekly gain. It hit a high since mid-September this week, after underperforming last year.
Swedish krona remains besieged on dovish rate-setters
Swedish krona remains besieged on dovish rate-setters
2024-05-13
The Swedish Krona fell for the third straight day after Riksbank cut its key interest rate. More cuts may follow if price pressures stay mild.
​Macro shift puts commodity currencies back on track
​Macro shift puts commodity currencies back on track
2024-05-13
The rapid post-epidemic recovery spurred a brief commodities bull market. High inflation expected for years will benefit the commodity market.
Sterling falls as traders ramp up cut bets
Sterling falls as traders ramp up cut bets
2024-05-08
Sterling declined Wednesday as the BOE is likely to keep rates steady and signal confidence in inflation trends at Thursday's meeting.
​Australian dollar on edge ahead of RBA call
​Australian dollar on edge ahead of RBA call
2024-05-08
The Australian dollar was nearing its peak on Tuesday. Inflation slowed to 3.6% in April but is unlikely to fall to the 2-3% target until 2025.
UK stocks finally come back into fashion
UK stocks finally come back into fashion
2024-05-07
Global stocks cheered softer-than-expected US jobs data. Britain's FTSE 100 hit a record high on Friday and marked its second straight week of gains.
Gold Prices Hold Steady Due to Fed Caution
Gold Prices Hold Steady Due to Fed Caution
2024-05-06
Gold prices stayed near $2,300 on Friday as Fed Chair Powell said a rate hike is unlikely. This dampened demand for the safe-haven asset.