Market Overview - Page 50

2024 has every chance of being the biggest election year, with well over half of the world’s population going to the polls. The next chapter in this saga is today, with the announcement of the results of the UK general.

Crude oil inventories in US commercial storage fell by 12.2 million barrels last week, marking the sharpest decline since last July. The decrease is attributed to preparations for the start of the US driving season. Not only was the change.

The US private sector created 150K jobs in June, according to fresh ADP estimates. This is slightly weaker than expected and the lowest growth since January. Once again, the leisure sector (+63K) led the growth. Construction stands out, with net.

Fed Chairman Greenspan once said, ‘If I’ve made myself too clear, you must have misunderstood me’. It seems that over the past decade and a half, the Fed has become increasingly transparent in its reasoning and expectations. Therefore, there is.

According to the Eurostat Flash estimate, the euro area CPI stood at 2.5% y/y, hovering between 2.4% and 2.6% for the past five months. There has been no apparent slowing since November when the rate first touched 2.4%. Core CPI.

The US dollar has been settling near two-month highs since late last week, but this is a pick of the best among the worst. Expectations for the Fed’s key year-end rate have changed little over the past roughly three weeks..

The Japanese yen has fallen to its lowest since 1986 against the dollar and a historic low against the euro. Its YTD loss is 12.5%, the third-worst performance after the Nigerian naira and the Egyptian pound among the 36 most.

Gold has been under moderate pressure since last Friday, when the price reversed sharply from above $2360. This is an important signal from the bears that they retain control of the market, forming a trend of lower local highs. On.

Shares of Nvidia, the world’s most traded, most popular, and most valuable company, have been under corrective pressure for a while. From last Thursday’s peak at $140.48, the price has lost 16% to $117.86 in just three trading days. Investors.

The Ifo German Business Climate Index declined in June as expectations worsened, confirming a reversal of the downward trend. The Ifo index fell from 89.3 to 88.6 instead of the expected increase to 89.4, making it the second month of.

The price of crude Oil rose steadily in the previous fortnight and is starting the new week with a positive trend. This rise emphasises the importance of the 200-week moving average, below which the price has not fallen for a.

The European session on Friday started with a new wave of euro selling, which was supported by weak preliminary PMIs. According to June estimates, the strengthening of economic activity in the eurozone, which has been gaining momentum since October, is.