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British Retail Consortium data for UK shop price inflation, its dropped to its lowest in a year at 6.2% y/y prior 6.9% 6.2% is the lowest since September of 2022 Via Reuters: “We expect shop price inflation to continue to fall over the rest of the year,” BRC Chief Executive Helen Dickinson said. “However there

Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer U.S. interest rates ahead of a widely watched U.S. inflation print due later in the day. FUNDAMENTALS * Spot gold was up 0.1% at $1,866.41 per ounce by 0020 GMT, set

Dollar is experiencing a broad rise today, buoyed by an uptick in treasury yields and risk aversion sentiments. The US Congress averted potential economic turbulence by passing a stopgap funding bill over the weekend, ensuring the federal government doesn’t enter its fourth partial shutdown within a decade. However, this positive momentum in US futures was

S&P 500 futures It’s not a good look for equities now as US futures pare almost all of its earlier gains, despite even getting help from a gap higher at the open. European indices are also now all in the red, with the Eurostoxx down roughly 0.3% currently. It once again highlights the fact that

Ministers and oil industry chiefs are gathering for the biggest energy conference in the Middle East as crude heads toward $100 a barrel. Whether prices can hold at these levels and the outlook for OPEC+ supply cuts are among topics that will be discussed from Monday. But this year, climate is looming large over the

USD/JPY is making notable advances today, resuming recent up trend, and edging closer to 150 psychological handle. AT the same time, Nikkei rebounds, reclaiming 32000 mark. The combined risk-on sentiment could be attributed to investors’ positive response to the optimistic quarterly Tankan survey results, overshadowing the less favorable PMI Manufacturing data. Despite Japan’s repeated attempts

Via Reuters comes the info that Japan has banned most used-car sales to Russia. the export trade in used cars from Japan to Russia was worth about USD $2 billion annually The move from Japan to cut off the trade came only in August, much later than other sanctions had limited trade. Japan’s government banned

Gold prices declined Rs 250 to Rs 58,700 per 10 grams in the national capital on Friday amid a fall in precious metal prices overseas, according to HDFC Securities. The yellow metal had closed at Rs 58,950 per 10 grams in the previous trade. However, silver surged Rs 1,200 to Rs 74,300 per kilogram. Delhi

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COMEX Gold prices experienced a significant downturn, marking their most substantial weekly loss in months. The yellow metal slid below the critical $1,900 per troy ounce threshold, primarily in response to a sharp surge in US treasury yields. This surge in yields elevated the opportunity cost of holding gold. At its September policy meeting, the

Nasdaq Comp We’ve seen this script before. Treasury yields came off the lows and slowly the gains in equities faded. The FX market might have been the tell earlier as money started to move into US dollars, something I alluded to. I just don’t know how you could have a lot of confidence in that

Gold on the key London spot market declined to a six-month low on firm US dollar and a jump in Treasury yields. Hopes of interest rates staying higher for an unexpected period increased the demand for US assets. Despite a weaker Indian Rupee, domestic gold mirrored the trend with the most active MCX futures and

The major indices are closing mixed today with the Dow Industrial Average average fearing the worst. The NASDAQ index eked out a small gain for the day. The S&P was lower. A snapshot of the closing levels shows: Dow industrial average fell -157.50 points or -0.47% at 33508.86 S&P index -11.46 points or -0.27% at

Spot gold extended its losing streak to the fifth consecutive day Friday as the metal closed with a loss of 0.85% at $1,648.73. Gold ended the week, the month and the quarter lower. High US yields and a strong Dollar continue to act as headwinds against the metal as investors see the US Federal Reserve

As the global financial markets tread through turbulent waters marked by escalating treasury yields and declining stocks, the US Dollar emerged as a beacon of strength. A noticeable uplift in the currency was observed last week, an upward motion fuelled by the twin factors of soaring treasury yields and a pervasive risk-averse sentiment that gripped

Markets: Gold down $16 to $1848 WTI crude oil down 78-cents to $90.93 US 10-year yields down 0.2 bps to 4.57% S&P 500 down 12 points to 4288 AUD leads, CAD lags The quarter ended with some drama as the US dollar shot higher, recouping losses from European and Asian trading and in some cases

Oil prices fell on Friday in a volatile trading session, as macroeconomic concerns weighed on the recent rally. Front-month Brent November futures were down 14 cents, or 0.15%, at $95.24 per barrel at 1442 GMT ahead of the contract’s expiry later in the day. The more liquid Brent December contract was down 72 cents, or

As the quarter nears its end, a tangible shift towards a risk-on sentiment is sweeping through the global financial markets. Supported by lower than expected inflation data from both sides of the Atlantic, investors are regaining confidence. This renewed optimism is evident in the notable gains posted by major European stock indexes, with US futures