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2023 – reign of Magnificent Seven
2024-01-01
The "Magnificent 7" ruled investments last year, with a combined market value almost matching Canada, China, Japan, the UK, and France combined.
Oil prices dealt another blow heading into 2024
2023-12-29
Oil prices rebounded after a 3% drop on Friday as more shipping firms prepared to resume Red Sea routes, alleviating supply concerns.
World stocks reach new highs in over a year
2023-12-28
Global stocks hit a one-year high, and the dollar reached a five-month low on expectations of early interest rate cuts by major central banks.
Japan equities digest gains on another muted session
2023-12-26
During Christmas, Asian stocks traded flat; many markets closed. US stocks ended mixed on Friday due to lower-than-expected inflation.
Gold prices receive a Christmas gift
2023-12-25
Gold hit a 2-week high on lower Indian demand. It rose for 2 weeks as the dollar and yields fell, driven by rate-cut expectations.
Dollar in search of lifeline ahead of Christmas
2023-12-22
Thin holiday trading weighed on the dollar. Attention shifts to US PCE data are unlikely to halt the ongoing bearish trend.
Oil prices fall back amid demand uncertainty
2023-12-21
Thursday's oil price drop, driven by rising US crude inventory, outweighed Middle East tensions' supply disruption impact, raising demand concerns.
Loonie enjoys multiple tailwinds following inflation report
2023-12-20
Boosted by rising oil prices and a weaker US dollar, the Canadian dollar stood strong on Wednesday, hitting a 4.5-month high in the prior session.
Nasdaq 100 fires on all cylinders this year
2023-12-18
Asia stocks dip after a mixed US close amid a dollar and Treasury yield rally. Nasdaq 100 hits a new high, poised for the best year since 2009.
Franc weakens against euro after rate-cut pushback
2023-12-15
Friday saw European currencies rise, led by hawkish policymakers. The Swiss franc gained 5% against the euro this year, hitting a peak since Jan 2015.
Oi rebounds from 5-month low on fire in the Red Sea
2023-12-14
Asian oil prices surged, continuing the momentum from the US crude storage decline and the dovish Fed, with gains extending into Thursday's early trade.
The Fed expected a rate cut - The Fed's Dec meeting
2023-12-13
Investors believe the FOMC will maintain interest rates this month. They anticipate a 100 bps cut in 2024, raising doubts about its likelihood.
Gold poised for deeper correction under $2000
2023-12-13
Gold struggled as US consumer prices rose in November. Market eyes are on central bank meetings for 2024 interest rate clues.
U.S. CPI slows in October - US CPI in November
2023-12-12
US inflation dipped to 3.2% in October, marking the first four-month decline, driven by a drop in fuel prices and slightly below the anticipated 3.3%.
Wall St just hit a new yearly high
2023-12-12
Asian shares rose after new highs in US stocks on Tuesday. This week, central banks will scrutinize and test rate-cut expectations.
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