Markets
A contrarian viewpoint is emerging that challenges investors’ recent optimism over the Federal Reserve’s ability to bring inflation down to 2% without a U.S. recession or a big rise in unemployment. It’s the idea that Wednesday’s unexpectedly dovish pivot by policymakers, who penciled in three quarter-point rate cuts for 2024,…
© Reuters. From Conflict to Hope: The First Hostage Releases in Israeli-Gaza Truce Quiver Quantitative – In a move signaling hope amid tension, Thailand has announced the release of 12 of its citizens previously held in Gaza, coinciding with reports from Israeli media about the release of a group of…
By Pavel Polityuk and Gus Trompiz KYIV/PARIS (Reuters) – Ukraine’s efforts to revive sea exports in defiance of Russia’s military blockade have given a glimmer of hope to a teetering farm sector in which loss-making producers are abandoning some land in one of the world’s biggest grain belts. With no…
NEW YORK – The Swiss Franc’s long-term momentum has been putting pressure on the US Dollar, with broad-market risk-off flows influencing trading dynamics. Despite this trend, the currency pair managed to edge higher for a second consecutive session today, as traders position themselves ahead of nonfarm payroll (NFP) data that…
The stock market’s everything rally looks like it’s fading, with the major indexes ending Friday mixed. Still, Friday’s performance didn’t kill the stock market’s streak of seven weeks of gains. These stocks made moves on Friday: Roku fell 6.8% to after MoffettNathanson slashed their rating on the streaming-media company to Sell from…
© Reuters. Market Anticipates Bold Moves from OPEC+ Amid Delayed Meeting Quiver Quantitative – The shifting sands of OPEC+ dynamics have market analysts on their toes as the influential group wrestles with internal disputes and external market pressures. Initially, a consensus had formed around an extension of the current output…
Ahead of a key OPEC+ meeting, the oil markets remained stable on Wednesday, with expectations that the group may continue production limits into the first quarter of 2024. The deliberations come in response to positive inventory trends and solid demand projections, despite Saudi Arabia’s waning influence in the market. Goldman…
WASHINGTON – The US dollar experienced a notable appreciation against the Norwegian krone today, reaching a peak of 10.935, an increase of 0.80%. This movement coincides with the release of economic data that showed a mixed bag for the US job market and service sector. The latest Job Openings and…
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Conflict in the Middle East is having ripple effects on global trade. Two shipping companies said on Friday that they are pausing traffic through the Red Sea following attacks on their ships. “Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we…