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New Post: Round up of today’s market news - https://lnkd.in/dWDk_hEG US Indices Surge to Close Out the Week Strong: NASDAQ and S&P 500 Rebound UMich preliminary sentiment comes in @ 69.0 for September August 2024 import and export prices for the US Consumer Spending Slows, CNBC Retail Monitor Reports Modest Growth Fitch: If this is an extended strike you could see Boeing downgraded Canada's July wholesale and manufacturing sales Gold Reaches Record High Amid Rising Fed Rate Cut Bets Crude oil futures settled at $68.65 Baker Hughes Rig Count Report South America's Copper supply remains weak – Commerzbank Major indices in Europe are closing higher for the week ECB's Holzmann: There could be room for another rate cut in December US finalises steep tariffs on China, with many to begin on 27 September - Reuters China approves the plan to raise the retirement age for the first time since 1978 BOJ expected to keep rates unchanged this month but hike by year-end - poll

DAILY MARKETS UPDATE- • U.S. stock futures were slightly higher at the close of Wednesday following a mixed session on Wall Street, with focus turning squarely to more upcoming data on inflation and the U.S. consumer. • Most Asian stocks stuck to a tight range on Thursday in anticipation of more cues on U.S. inflation and interest rates, while losses in Japanese markets extended into a fourth straight session amid persistent jitters over the Bank of Japan. • Germany stocks were mixed after the close on Wednesday, as gains in the Retail, Utilities and Consumer & Cyclical sectors led shares higher while losses in the Construction, Financial Services and Software sectors led shares lower. • U.S. Treasury yields rose modestly as investors looked to the next round of data on inflation and consumer health for clues on the direction of Federal Reserve policy. The 10-year yield inched up to 4.20% in Asia hours after rising 5 bps as markets anticipate that sticky inflation in the United States may convince the Fed to further delay rate cuts. • Gold prices edged lower on Thursday as the U.S. dollar gained, though bullion remained near record-high levels as traders awaited more economic data out of the U.S. that could steer hopes for a mid-year rate cut by the Federal Reserve. • Oil prices rose slightly in Asian trade on Thursday, staying near four-month highs after a substantial draw in U.S. gasoline inventories and debilitating attacks on a key Russian fuel refinery pointed to tighter fuel supplies. • The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. • Against the yen, the dollar held at 147.69 yen, as an exit from negative rates at the Bank of Japan's monetary policy meeting on March 18-19 continues to be a close call, while the euro was holding steady against the dollar at $1.0949, ahead of remarks by several European Central Bank officials on Thursday. #dailymarketupdate #nasdaq #Goldfutures #crude #globalstockmarket

New Post: Round up of today’s market news - https://lnkd.in/d3TCncg9 Market Rally Thwarted as Broader Stock Indices Falter at Finish Line * FOMC decision: Interest rates unchanged, Fed cites lack of further progress on inflation * Powell Q&A: We're committed to current restrictive policy for as long as it's appropriate and we'll do that * Powell opening statement: Further progress on inflation not assured, path uncertain * JOLTs job openings for March: Lowest since Feb 2021 * Quarterly refunding announcement: Will increase TIPS and bill auction sizes * Gold soars after Fed Chair Powell remarks, FOMC decision * Oil prices fall to a six-week low after US inventory data

DAILY MARKETS UPDATE- • U.S. stock index futures steadied at the close of Tuesday trade after Wall Street indexes surged despite a stronger-than-expected reading on consumer inflation, with upcoming factory inflation and retail sales readings presenting more tests. • Most Asian stocks rose slightly on Wednesday as major technology shares tracked a rally in their Wall Street peers, although overall gains were limited as hot U.S. inflation factored into a higher-for-longer outlook for interest rates. • Germany stocks were mixed after the close on Tuesday, as gains in the Retail, Technology and Software sectors led shares higher while losses in the Construction, Utilities and Telecoms sectors led shares lower. • U.S. Treasury yields also advanced as investors assessed key inflation data that came in about as expected, adding to expectations the Federal Reserve can wait until later this year to start cutting interest rates. The yield on 10-year up 4.9 bps to 4.153% after reaching a session high of 4.172% following a soft auction of $39 billion by the Treasury. • Gold prices steadied in Asian trade on Wednesday, but were nursing a tumble from record highs after a strong U.S. inflation reading kept fears of higher-for-longer interest rates in play. • Oil prices rose in Asian trade on Wednesday, buoyed by industry data showing an unexpected draw in U.S. inventories, while the OPEC also stuck to its forecast of strong demand growth in the coming years. • The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. • Most Asian currencies crept lower on Wednesday, the Japanese yen rose 0.3%, as signs of incoming wage hikes in Japan drummed up expectations for an imminent interest rate hike from the BOJ. • Federal Reserve could begin cutting interest rates. #dailymarketupdate #nasdaq #Goldfutures #crude #globalstockmarket

New Post: Round up of today’s market news - https://lnkd.in/dZ4Pn8Bp Market Rally Thwarted as Broader Stock Indices Falter at Finish Line * FOMC decision: Interest rates unchanged, Fed cites lack of further progress on inflation * Powell Q&A: We're committed to current restrictive policy for as long as it's appropriate and we'll do that * Powell opening statement: Further progress on inflation not assured, path uncertain * JOLTs job openings for March: Lowest since Feb 2021 * Quarterly refunding announcement: Will increase TIPS and bill auction sizes * Gold soars after Fed Chair Powell remarks, FOMC decision * Oil prices fall to a six-week low after US inventory data

New Post: Round up of today’s market news - https://lnkd.in/dW7yd6iF Major Indices Surge to Session Peaks as S&P 500 Climbs Past 5,500 Mark Investors are looking ahead to a slew of economic data releases tomorrow, Additionally, STZ is set to report earnings before the market opens tomorrow JOLT May job openings surpasses forecasts Tesla Q2 deliveries 444K Powell: The labor market is still strong, though we've seen a continued rebalancing Fed's Goolsbee: I see some warning signs the real economy is weakening Canada June S&P Global manufacturing PMI Gold Prices Decline as US Yields Strengthen Despite Powell’s Dovish Signals Crude oil futures settle at $82.81 European equity markets close lower UK shop price inflation in June rose at the lowest rate since October 2021 ECB's Lagarde: We are very advanced in disinflation BOJ expected to trim monthly bond purchases by ¥16 trillion in first year - survey

New Post: Round up of today’s market news - https://lnkd.in/d_cJntb5 Major US Indices Show Mixed Results: Nasdaq Rises, S&P and Dow Decline Fed's Kashkari: A rising budget deficit would mean interest rate would be higher Fed's Logan: Expects gradual cuts if the economy meets forecasts Silver Surges Past $34.00 Amid Middle East Tensions and US Election Uncertainty Crude oil settle at $70.56 European shares close lower. German DAX falls ECB's Kažimír says all options are on the table for December meeting UBS raised its 2024 forecast for China's full-year real GDP growth China cuts 1 and 5 year rates by 25bp each, as expected

New Post: Round up of today’s market news - https://lnkd.in/dHPyFrFh US Stocks Rebound, Dow Leads with Strong Gains While Tech Struggles * Gold Surges amid stronger risk sentiment, Eyeing the $2,700 Mark * Crude oil settled at $70.39 * Silver Surges as Bulls Target $32.00 * Oil private survey of inventory shows a headline crude oil draw bigger than expected * European equities closes mixed * BOJ governor Ueda to visit China later this week * Westpac continue to expect no cash rate cut from the Reserve Bank of Australia this year * Japan's largest union group Rengo reportedly eyes wage hike of 5% or more in 2025 * BOJ's Adachi says conditions are already in place to start normalising policy

New Post: Round up of today’s market news - https://lnkd.in/dQN4VyiV Major US Indices Show Mixed Results: Nasdaq Rises, S&P and Dow Decline Fed's Kashkari: A rising budget deficit would mean interest rate would be higher Fed's Logan: Expects gradual cuts if the economy meets forecasts Silver Surges Past $34.00 Amid Middle East Tensions and US Election Uncertainty Crude oil settle at $70.56 European shares close lower. German DAX falls ECB's Kažimír says all options are on the table for December meeting UBS raised its 2024 forecast for China's full-year real GDP growth China cuts 1 and 5 year rates by 25bp each, as expected

Global stock markets ended the week mixed, but Wall Street's record run anchored by the Dow Jones Industrial Average boosted bets that the US Federal Reserve will finally cut interest rates this year. The Dow closed above the 40,000 mark for the first time on Friday, after breaching it for the first time on Thursday, as inflation data boosted hopes that US interest rates will go down in 2024. The US Labour Department on Wednesday reported that Consumer Price Index inflation in April rose 3.4 per cent on an annual basis, leading economists to believe that it should return some level of confidence for Fed officials. #business #rates https://lnkd.in/d8Tfdjax