Market Overview - Page 56

Gold is adding on Friday, and it appears that a flight to defensive assets, rather than the risk appetite that drove the price earlier this year, is behind it. Since the start of the week, gold has twice pushed off.

The black streak in US data continues. A sharp jump in weekly jobless claims was paired with a weak PPI, complementing the soft consumer inflation report the day before. Manufacturers cut prices by an average of 0.2% in May, and.

The Fed acted as a market balancer on Wednesday, smoothing out buyers’ bullishness following the earlier inflation report. There was little doubt that the FOMC would leave the key rate unchanged in the 5.25-5.50% range, so all eyes were on.

Inflation in America came out weaker than expected, actualising the question of a key rate cut. This is negative news for the dollar, which at the same time fuels appetite for equities. The Consumer Price Index was virtually unchanged last.

The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index.

Friday’s labour market data provided the dollar with a strong upward momentum. This bullish signal needs confirmation or refutation, and we are likely to get one or the other by the end of Wednesday. The dollar index started June with.

Unexpected weakness in the UK labour market could signal an important turnaround in the economy and raise the urgency of monetary easing. The short-term impact on the Pound has been relatively limited, but the currency market has now adopted a.

The US indices, S&P500 and Nasdaq100, closed Wednesday at record highs, taking a decisive step up, adding over 1.1% and 2%, respectively. The Dow Jones index lagged, adding just 0.25% for the day and is 3% off all-time highs. The.

Low oil prices are not attractive to producers in the US, where the number of active drillers has fallen to its lowest level since early 2022.  Drilling activity in the US has been falling since early May after a relatively.

The European Central Bank cut all three of its key interest rates by 25 points, which is in line with market expectations. The ECB has kept rates unchanged for the past nine months and tightened policy from July 2022 to.

Gold volatility has fallen markedly in recent days as gold traders consider their next move, while many commodities are in a corrective decline.  In May, the gold price climbed towards $2450, above the peaks of April, but failed to consolidate.

Oil has lost 1.7% since the start of the day on Tuesday, in addition to a more than 3% drop the day before, clearly showing the market’s reaction to the OPEC+ meeting over the weekend. The technical picture in oil has turned.