The yen hovered near a five-week high, while the dollar held close to a three-week peak against the euro on Wednesday, as traders anxiously awaited a key inflation report. This data could offer insights into how aggressively U.S. interest rates might be cut in the upcoming Federal Reserve meeting. Investors were also cautious ahead of […]
Yen eyes 5-week high as focus turns to US presidential debate, inflation Read More »
Wall Street’s S&P 500 index closed 0.5% higher on Tuesday, but concerns over slowing economic growth limited gains. Meanwhile, the Dow dipped as banking stocks slumped following warnings of weaker-than-expected performance, and energy stocks also struggled. Energy was the worst-performing sector among the S&P 500’s 11 industry groups, declining by 1.9% as crude oil futures
S&P 500 ends slightly higher but banks and energy weigh Read More »
Oil prices rebounded from a near three-year low in Asian trading on Wednesday, as traders awaited the impact of Hurricane Francine on production in the Gulf of Mexico. The market also found support from unexpected data showing a weekly draw in U.S. oil inventories. However, the recovery followed steep losses on Tuesday, driven by disappointing
Oil prices rise from near 3-year low with Francine impact, inventories in focus Read More »
Citi analysts suggest that the Federal Reserve’s updated projections will likely indicate a more aggressive approach to cutting interest rates than previously anticipated, as the central bank seeks to support the economy. In a recent note ahead of next week’s monetary policy meeting, the analysts highlighted that policymakers may revise both the unemployment rate and
Fed’s upcoming projections to signal deeper cuts than previously expected: Citi Read More »
U.S. stock index futures fell slightly in evening deals on Tuesday as focus turned squarely towards an upcoming inflation print that is likely to factor into the outlook for interest rate cuts. Focus was also on the first debate between Vice President Kamala Harris and former President Donald Trump, who are set for a hotly
US stock futures inch lower with CPI data, Harris-Trump debate on tap Read More »
Harris and Trump Clash Over Economy in First Presidential Debate Vice President Kamala Harris and former President Donald Trump engaged in their first presidential debate on Tuesday evening, focusing primarily on the state of the U.S. economy. Harris criticized the economic policies of Trump’s administration, accusing it of harming the economy. She reaffirmed her
Harris V. Trump debate: candidates trade barbs over economy, immigration Read More »
