A meat counter showing a variety of sausages at a Fred Meyer grocery store, a sub of Kroger, in Palmer, Alaska. Michael Siluk | UCG | Universal Images Group | Getty Images An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There
Silver price consolidates around a psychological level of $30.00 with a positive bias. Rising Middle-East tensions may provide support for the safe-haven Silver. The non-yielding grey metal receives support from rising expectations of a Fed rate cut in September. Silver price (XAG/USD) hovers around $29.90 per troy ounce during the Asian session on Monday. The
Fundamental Overview Last Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. The line saying that they will do everything they can to support a strong labour market was key. Despite this,
US stock markets closed on the highs on Friday, led by a surge in small caps. Last week: S&P 500 +1.4% Nasdaq Comp +1.4% DJIA +1.3% Russell 2000 +3.4% Toronto TSX Comp +4.1% Today, futures are tepidly higher with spoos up 8 pints, or 0.15%. Nasdaq futures are slightly lower. The S&P 500 is about
oil prices is unravelling — leaving trading desks, supermajors and Middle East producers grappling with what comes next. Since nearing $90 a barrel in early July, oil futures have lost more than 10% as China’s faltering economy and expectations of a flood of new supply from the Americas eclipsed US summer driving demand and Middle
Geopolitical events dominate market movements today amid a sparse economic calendar. Oil prices have surged following an announcement from Libya’s eastern government in Benghazi that oil production and exports would be halted. This move stems from a dispute with the internationally recognized western government in Tripoli over central bank leadership. Additionally, markets are reacting to
On Aug. 5, we awoke to a market upside-down. Japanese stocks, so strong this year, had crashed, literally crashed, down 12%, a hideous decline, worst since 1987. Oddly, there was nothing wrong. The yen had strengthened, forcing investors who had borrowed yen to buy our stocks and others around the world to put up more
USD/CHF steadies below 0.8500 as the Fed looks all set to cut interest rates in September. The US Dollar fails to recover strongly despite upbeat US Durable Goods Orders data for July. Swiss Q2 Employment Level rose to 5.499 million. The USD/CHF pair hovers below the psychological resistance of 0.8500 in Monday’s American session. The
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
The US e-mini S&P contract is trading above and below unchanged at 5652.75. The high-priced has reached 5659.25 of the low price has extended down to 5646.50 Last week, the major indices closed up for the second consecutive week. Dow rose 1.27% after rising 2.94% the week before, S&P index rose 1.45% after rising 3.93%
Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent U.S. interest rate cuts lifted the global economic and fuel demand outlook. Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT
Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman Jerome Powell on Friday gave the speech from Jackson Hole that investors wanted to hear. The S & P 500 and Nasdaq bounced back from
GBP/USD trades in positive territory for the eighth consecutive day near 1.3215 in Monday’s early Asian session. Fed’s Powell signalled for a September rate cut but did not mention about the size and pace of the rate cut. BoE’s Bailey said it’s still too early to declare victory on inflation. The GBP/USD pair trades on
UPCOMING EVENTS: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI, Nvidia Earnings. Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims. Friday: Tokyo CPI, Japan Retail Sales, Eurozone Flash CPI and Unemployment Rate, Canada GDP, US PCE. Tuesday The US Consumer Confidence is expected at 100.1
Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank’s priorities in the coming months. Brent crude futures rose by $1.27, or 1.63%, to $78.49 a barrel at 9:50 a.m. CDT (1450 GMT), while U.S. West Texas Intermediate (WTI)
In this article M Follow your favorite stocksCREATE FREE ACCOUNT Macy’s logo is seen on a store in Manhattan, New York, United States of America, on July 5th, 2024. Beata Zawrzel | Nurphoto | Getty Images Macy’s cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers
Mexican Peso rallies sharply with USD/MXN falling over 2%. Mexico’s economy shows mixed signals, with Q2 GDP growth at 2.1% YoY but a contraction in economic activity, as Banxico debates the appropriateness of recent rate cuts. Powell’s speech at Jackson Hole hints at upcoming rate cuts. The Mexican Peso rallied sharply against the Greenback on
Walmart CEO Doug McMillon The great stock market turnaround in August was impressive in many ways but when I take a step back, there was one big question being asked and answered: Is the Fed behind the curve? Within that question is a set of assumptions about the US economy and if you look at