Market Overview - Page 62

The US economy continues to surprise economists by beating retail sales forecasts for the sixth consecutive month. Reportedly, for December, the increase was 0.6%, compared to 0.3% in November and 0.4% expected. Sales excluding autos rose 0.4%, up from 0.2%.

UK inflation statistics sparked a 0.8% rally in the pound on Wednesday morning, supporting GBPUSD gains against a general pull from risk assets. According to data released on Wednesday morning, the General Price Index rose by 0.4% for December against.

Gold lost 0.8% on Tuesday to $2037 due to the impact of a rising dollar after policymakers in Davos flagged overly optimistic expectations for an interest rate easing cycle. Commentators are trying to find a link between hawkish comments from.

The British Pound has lost around 0.5% against the Dollar since the start of the day on Tuesday, falling to 1.2660. Markets have eased expectations for aggressive US interest rate cuts. In addition, UK employment data was released that provided.

US equity indices declined in the first five trading sessions of January. This dynamic promises a challenging year for the stock market, according to the old “first five days” rule. Identifying a defining trend would have been an easy task.

Inflation is still on the agenda, and global markets are playing up signs that it is easing. Chinese inflation and US PPI were the focus of traders on Friday. Consumer prices in China fell 0.3% y/y versus -0.5% in the.

Oil is up 2.8% since the start of the day on Friday following a new round of escalation in the Middle East. The price of Brent rose above $80, while a barrel of WTI traded above $75. The US and.

US consumer inflation exceeded expectations, adding 0.3% m/m and accelerating the annual pace from 3.1% to 3.4% in December, above the expected 3.2%. The core CPI also added 0.3% m/m, while its year-on-year gain slowed from 4.0% to 3.9% but.

Japan’s Nikkei225 index hit new highs since February 1990 on Thursday morning and climbed above 35000. The rise accelerated sharply this week after breaking above the 34000 level, which acted as resistance in the second half of 2023. The fundamental.

The Swiss franc hit nearly nine-year highs against the dollar on Friday, adding over 6.2% YTD and 8% YTD. If we exclude the period of abnormal volatility on 15 January 2015, EURCHF rewrote historic lows, falling just a couple of.

Fresh data from the UK painted a mixed economic picture, but the market, in line with the trends of recent days, paid attention only to the positive data. The bright side was a 1.3% increase in retail sales for November.

Britain’s impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9% – impressively below the expected 4.3%. Inflation excluding.