Prior report revised up to to 101.4 from 100.2 Consumer confidence rises to 108.3 from 101.4 last month (revise form 100.2). Estimate was at 101.0. Present situation Index 147.2 in December versus 138.3 (revised from 137.4) Expectations index 82.4 vs 76.7 last month (revised from 75.4). 1 year inflation expectations 6.7% in December down from
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The yellow metal kicked off 2022 with all glam and glitter — for once the geopolitical crisis between Russia and Ukraine can be credited for this. It actually pushed the demand for the yellow metal higher. After a corrective phase, following successive rate hikes by central banks, the year-end once again saw the prices of
The markets appear to be back in risk-on mode as seen in major European indexes and US futures. Aussie is recovering notably, followed by Swiss Franc. But New Zealand Dollar is the weakest for the day, followed by Sterling and then Yen. Dollar and Euro are mixed. As for the week, Kiwi is the worst
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices steadied near a one-week high on Wednesday, after rising more than 1% in the previous session as the dollar weakened after the Bank of Japan’s surprise policy tweak. * Spot gold was flat at $1,816.94 per ounce as of 0031 GMT. U.S. gold futures were up 0.1% at $1,827.10. * The dollar index
Yen rises strongly in Asian session after BoJ’s surprise announcement of raising 10-year yield cap to 0.50%. Dollar is following closely as second, and then Swiss Franc, on risk aversion. For the same reason, Australian, and New Zealand Dollar are sold off as weakens, followed by Sterling. Canadian and Euro are mixed for now. Technically,
The major US stock indices are opening marginally lower. Each of the indices are down for four consecutive days. All the indices are down for the month as well with the NASDAQ index leading the way it down -8.4%. The last time the indices were down in December were in 2018. A snapshot of the
Gold price rose Rs 38 to Rs 54,740 per 10 grams in the national capital on Tuesday, according to Securities. In the previous trade, the precious metal had settled at Rs 54,702 per 10 grams. Silver, however, declined Rs 328 to Rs 67,984 per kilogram. “Gold price traded steady after inching lower in the earlier
Yen remains the biggest winner of the day, and maintains most gains in early US session. It remains to be seen how long the impact of BoJ’s tweak of the yield curve control would last. But any, Yen is enjoying the ride for now. Australian and New Zealand Dollar are the weaker ones so far,
Via a Morgan Stanley note on US stocks. In a nutshell, analysts at MS are warning that US corporate profits could be set for their largest fall since the global financial crisis. MS say that while the focus appears to be on inflation and the Fed, the current decline in stocks is being prompted by
European Union countries‘ energy ministers approved a cap on gas prices on Monday, which would be triggered if benchmark gas prices spike to 180 euros per megawatt hour, according to officials and a document seen by Reuters. The EU gas price cap would kick in if prices on the front-month Dutch Title Transfer Facility gas
Overall risk sentiment is steady in the financial markets today. Aussie and Canadian Dollars are firming up slightly, while Dollar and Yen soften. The upcoming BoJ rate decision in Asia is unlikely to give Yen any special support. Euro was lifted briefly by better than expected Germany data, but buying didn’t last long. European majors
Headlines: Markets: AUD leads, NZD lags on the day European equities higher; S&P 500 futures up 0.3% US 10-year yields up 4.7 bps to 3.537% Gold up 0.1% to $1,793.87 WTI crude up 1.1% to $75.07 Bitcoin down 0.6% to $16,738 Got that World Cup hangover? Well, I wouldn’t blame you. It was one of
Gold price rose Rs 231 to Rs 54,652 per 10 gram in the national capital on Monday amid strong global trends, according to Securities. In the previous trade, the precious metal had closed at Rs 54,421 per 10 gram. Silver also climbed Rs 784 to Rs 68,255 per kilogram. “Gold prices traded higher in the
Yen rises broadly in Asian session on rumors that the Japanese government is considering to revive the joint statement with BoJ, which would loosen up the languages on the 2% inflation target, and set the stage for a policy change next year. Yet, any changes is likely only after a change in BoJ governor in
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices eased in early Asian hours on Monday, as the market expected more interest rates hikes in the next year by the U.S. Federal Reserve. * Spot gold was down 0.1% at $1,791.25 per ounce as of 0010 GMT. U.S. gold futures were little changed at $1,800.70. * Fed policymakers may need to lift
It’s cold in Europe right now and that’s going to lead to another big week of draws in natural gas supplies. The good news is that inventories are still high and that’s buffeted by some LNG ships off the coast of Spain. Where it could start to get complicated is China coming back into the