Market Overview - Page 64

The Dow Jones index has switched into consolidation mode, joining the S&P500 and Nasdaq100, which did so almost two and three weeks ago, respectively. This could be consolidation before a spurt to new highs, but it’s more likely that we’re.

There were more signs of a cooling US labour market ahead of Friday’s employment report. The number of open job vacancies in October fell to 8.733 million from 9.35 million a month earlier and 9.31 million expected. With occasional bounces, the.

Oil remains under pressure, reflecting fears of demand cuts, despite verbal interventions by OPEC+ and US government officials over the past week to shift the balance in favour of a deficit. Last week, the expanded OPEC+ agreed a production cut.

The American dollar is fighting hard for the trend. For the last three trading sessions, the dollar index has been crossing up and down the 200-day moving average every day. All in all, the flirting with this level has been.

Swiss inflation is falling below expectations, and this may be a reason for the SNB to change its rhetoric next week. Consumer prices fell 0.2% in November, slowing the annual pace from 1.7% to 1.4%, while no changes were expected..

On Friday and Monday, we saw legendary moves in gold. On Friday evening, the price rose to $2075 on the background of risk appetite with reduced liquidity in the instrument. On Monday, the price of gold reached $2145, a new.

The Dow Jones has taken a high of 36,000, which is only 2.5% below its historical peak of January 2022. Above that round level, the index traded above it for a few days in November 2021 and briefly in December.

The euro was down 0.5%, close to 1.09, on a continuing wave of weak data from Germany and the eurozone, reinforcing expectations of a policy reversal. Wednesday saw weak inflation reports from Germany and Spain. On Thursday, equally weak French.

There is a new batch of weak data from China, whose economy has so far failed to respond meaningfully to government stimulus. Official PMI (Purchasing Managers’ Survey) estimates noted that the manufacturing sector remained in contraction mode in November, while.

The Reserve Bank of New Zealand left its key rate unchanged at 5.5%, the highest in 15 years, but on hold for six months now. The decision was in line with market expectations. However, the NZDUSD rallied, adding over 1.2%.

Financial market volatility has plunged to its lowest level in almost four years, according to the VIX index. This so-called “fear index” fell to 12.45 on Friday, the lowest level since January 2020. Such low levels could be both a.

Worrying news on the Eurozone economy continues to come in, although this is not hurting the single currency so far, which is trading at fifteen-week highs at 1.0950. Germany’s business climate index rose from -28.3 to -27.8 in December but.