Author: Admin
U.S. stock-market futures fell on Sunday as crude futures surged above $100 a barrel for the first time since 2022 amid growing fears about the economic effects of the conflict with Iran.
Not yet. S&P 500 far from maintained Thursday‘s late session rebound fire, and clearly rolled over in fear of NFPs incoming. Sure, different methodology to calculate, and nursing strike on top, the figure (and unemployment rate with participation rate) were most disappointing.
“He has no loyalty to me or our vows.”
Highlights include US and China inflation, UK GDP, China Trade and CBRT UK GDP Growth MON: Eurogroup Meeting, Chinese Inflation (Feb), Japanese GDP Final (Q4),Japanese Average Cash Earnings (Jan) TUE: EIA STEO, Chinese Trade Balance (Jan-Feb), German Trade Balance (Jan) WED: OPEC MOMR, US CPI (Feb) THU: CBRT Policy Announcement, IEA OMR,US PPI (Feb) FRI: UK GDP (Jan), US PCE (Jan), US GDP 2nd Est (Q4), US JOLTS (Jan), Fitch on Italy & Spain, Moody’s on Germany & Greece CHINESE INFLATION (MON): February CPI is expected to rebound modestly to around 0.4-0.5% Y/Y (prev. 0.2%), with the M/M reading seen…
Vertiv, Lumentum, Coherent and EchoStar are the newest entrants to the S&P 500.
ING economists Lynn Song and Min Joo Kang expect China’s February CPI inflation to pick up to 1.0% year-on-year, mainly due to Lunar New Year effects, while the impact of higher Oil prices should appear later. They also project solid growth in exports and imports over the first two months, resulting in a larger trade surplus.Lunar New Year to lift CPI”China will release its CPI inflation data for February next Monday. We are expecting CPI to rise to 1.0% year-on-year thanks to a boost from the Lunar New Year effect. The impact of higher oil prices from the Middle East…
Oil futures were trading at their highest levels since the summer of 2024 on Friday as the Iran conflict entered a seventh day, with no sign of it ending anytime soon.
Silver price (XAG/USD) trades broadly sideways around $82.80 during the European trading session on Friday. The white metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.Investors will pay close attention to the US NFP data to get fresh cues on the Federal Reserve’s (Fed) monetary policy outlook. Traders trimmed dovish Fed bets for the July policy meeting after the release of the US ADP Employment data for February on Wednesday, which showed that the number of fresh jobs created in the private sector was higher than projected.The…
Oil rallied Thursday, with U.S. prices climbing above $80 for the first time in over a year, following a report that Iran attacked a U.S. oil tanker in the Persian Gulf.
The Dow Jones Industrial Average was down 840 points, or 1.73%, to 47,885 at the time of writing, giving back all of Wednesday’s gains and then some. The S&P 500 fell 0.82% to around 6,810, while the Nasdaq Composite dipped 0.50% to the 22,690 region. The Russell 2000 dropped 1.65% to land near 2,590, with small caps bearing the brunt of the risk-off shift. Thursday’s selling was broad, but the Dow’s underperformance was notable, dragged lower by defensive and consumer staple names including Merck (MRK), Johnson & Johnson (JNJ), and Walmart (WMT), all falling more than 2%.Iran conflict sends Oil…