Author: Admin
Gold (XAU/USD) builds on the overnight goodish rebound from the vicinity of the $5,000 psychological mark and attracts some follow-through buying during the Asian session on Tuesday. Iranian officials dismissed US President Donald Trump’s remarks that the Middle East conflict will end soon as nonsense and warned that regional security would either exist for everyone or for no one. Moreover, Iran’s Islamic Revolutionary Guard Corps (IRGC) said that Tehran, not Washington, will determine when the war ends. This keeps geopolitical risks in play and helps revive demand for the safe-haven precious metal.Meanwhile, Crude Oil prices regain positive traction following the…
Hims & Hers shares jumped more than 50% in premarket trade on Monday after ending a dispute with Novo Nordisk by striking a partnership with the Danish drug giant.
Societe Generale’s Kenneth Broux highlights that soaring energy prices and Dutch gas strength are weighing on Euro sentiment, keeping EUR/USD under pressure. The bank notes that rate differentials are not driving the pair, with the focus instead on growth risks from higher Oil and gas. Market pricing now implies two ECB hikes by December, with an 84% probability of a first move in June.Energy-driven downside pressure on Euro”In FX, energy and nat gas (+30% at market open) means the bias for EUR/USD remains bearish near term. Rate differentials are not a factor””The implied probability of a first rate increase by…
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.