Monthly Archives: December 2024
All Eye on Today’s CPI
Written on December 29, 2024 at 11:41 pm, by
Market Summary Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist. Chinese markets, in contrast,Continue Reading
Gold Surge on Rising Geopolitical Issues
Written on December 29, 2024 at 11:40 pm, by
Market Summary Chinese equities soared as top leaders signaled more aggressive stimulus measures to revitalize the economy. The Hang Seng Index and China A50 Index both rallied over 3% in the previous session, with momentum carrying into today’s trading. Oil prices rebounded from recent lows, buoyed by China’s economic revival plans and geopolitical tensions inContinue Reading
Dollar Rises on Jobs Data; Yen Gains on GDP Growth
Written on December 29, 2024 at 11:40 pm, by
Market Summary The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday’s Consumer Price Index (CPI) release for furtherContinue Reading
