The dollar dipped to a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. However, the yen hovered close to a two-week low as a still-gaping yield gap between local

  #Oil_prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and #gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook. #Brent_crude futures were up 39 cents, or 0.5%, at $82.77 a barrel at 0630 GMT. U.S.

  #USA_stock index futures were little changed on Wednesday ahead of the #crucial consumer prices data that will test the recent market rally fueled by hopes of monetary policy easing by the #Federal_Reserve. The tech-heavy Nasdaq notched a fresh record closing high on Tuesday after Fed Chair Jerome Powell’s assessment of U.S. growth and inflation

  The S&P 500 Index rebounded from its initial downside targets near 5000, moving back above the March-April pattern breakdown area and the 50-day moving average. According to JPMorgan technical strategists, this move disrupted the tactical bearish trend momentum, creating a more ambiguous short-term technical setup, while preserving the medium-term rally structure. “The market is showing signs

  #IGV, a major exchange-traded fund (#ETF) that tracks the performance of the US software sector, has witnessed a challenging first half of 2024, gaining just 1%. As a #result, software has been broadly underperforming the semiconductor sector, which has surged 30% year-to-date. According to #Jefferies_analysts, investors have been favoring semiconductors, where the benefits of