Global stock markets are under heavy selling pressure as risk-off sentiment dominates the final trading day of February. The selloff intensified across major indices, with Japan’s Nikkei plunging -3% and Hong Kong’s Hang Seng Index down -2.8%, following the steep declines in US equities overnight. Investors are increasingly wary of escalating trade tensions, which could
Risk sentiment received a boost in early US trading as January’s PCE inflation data came in line with expectations, lifting hopes that Fed may have room to cut rates in the first half of the year. Both headline and core PCE inflation slowed, adding to expectations that disinflation remains on track. Fed fund futures now
Eggs are displayed for sale in a Manhattan grocery store on Feb. 25, 2025 in New York City. Spencer Platt | Getty Images An ominous measure that the Federal Reserve considers a near surefire recession signal again has reared its head in the bond market. The 10-year Treasury yield passed below that of the 3-month
A person displays a sign as labor union activists rally in support of federal workers during a protest, with the U.S. Capitol in the background on Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | Reuters The sudden cuts to the federal workforce under President Donald Trump will likely throw a curveball into
People shop and walk in the shopping streets in the city center of Munich, Bavaria, Upper Bavaria, Germany, on February 20, 2025. Michael Nguyen| Nurphoto | Getty Images German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics agency Destatis showed Friday. The print is harmonized across the
Inflation eased slightly in January as worries accelerated over President Donald Trump‘s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, the core PCE also rose 0.3% for
A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Thursday posted stronger-than-expected full-year earnings, upgraded its mid-term guidance and declared a £1 billion ($1.27 billion) share
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images Warner Bros. Discovery said Thursday it added 6.4 million global streaming subscribers in the fourth quarter for a total
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Snowflake shares rose 4.5% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results. The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share and $956
In this article DELL Follow your favorite stocksCREATE FREE ACCOUNT Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell reported fourth-quarter sales that fell short of analysts’ estimates but
EUR/USD moves higher to near 1.0400 after the release of the flash German HICP for February and the US PCE inflation data for January. US President Trump confirmed tariffs on his North American partners and China on Thursday. Tariffs on Canada and Mexico, and an additional 10% levy on China to go into effect on March
The Pound Sterling turns flat against the US Dollar as US core PCE inflation cools on year in January. US President Trump proposes an additional 10% tariffs on China. The BoE is expected to follow a moderate policy-easing cycle. The Pound Sterling (GBP) trades flat to near 1.2600 against the US Dollar (USD) in Friday’s North
USD/CAD is falling slightly after the release of the US PCE inflation data for January and the Canadian Q4 and December GDP data. The US core PCE decelerated to 2.6% from 2.8% in December, as expected. The Canadian economy surprisingly rose at a higher growth rate of 2.6% on an annualized basis. The USD/CAD pair
The US Dollar is heading sideways on Friday after the US PCE reading for January. Traders saw no surprises in the PCE numbers which were in line of expectations. The US Dollar Index (DXY) locks in Thursday’s gains above 107.00 and tries to hold the level before heading into the weekend. The US Dollar Index (DXY),
Fundamental Overview The USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich final Consumer Sentiment and yesterday a weak US Consumer Confidence report. The
Fundamental Overview The USD continues to be supported against most major currencies, especially the commodity currencies, as the markets remain in a risk-off mood following some bad US data releases. In fact, since last Friday, we got weak US Flash Services PMI, UMich final Consumer Sentiment and yesterday a weak US Consumer Confidence report. The
The EURUSD has been choppy today, with price action swinging between key technical levels. The Asia session saw an initial move higher, testing the weekly high at 1.0527 and the January high at 1.05325. The peak reached 1.05242 before sellers regained control, pushing the pair lower. As the U.S. session begins, EURUSD has dipped below
The USDJPY fell below the 50% of the move up from the September 2024 low to the January 2025 high at 149.22 yesterday and also a swing area between 149.07 AND 149.39. That sent the pair lower that ultimately broke below the low from early December at 148.64 (low reached 148.56, but stalled and bounced.