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Update: US Equity Indexes Decline After July PCE Inflation Rate Rises
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first pa...
British Pound retreats as sticky PCE revives Fed hike bets
Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed...
United States Retail Sales (MoM) came in at -0.6%, below expectations (0.1%) in July
Stock Market Today: Dow Falls Ahead Of Retail Sales Data; Applied Materials Dives On Earnings (Live Coverage)
Stock Market Today: The Dow Jones index falls Friday ahead of retail sales data. AI chip giant Applied Materials dives on earnings.
Australian Dollar regains momentum as hawkish RBA meets softer US inflation
AUD/USD rebounds on Friday and trades around 0.7080 at the time of writing, gaining 0.31% on the day after falling as low as 0.7044 on Thursday.
USD trades heavier and look for North America to follow suit
Tomorrow is the 55th anniversary of the end of Bretton Woods. R.I.P. It was an economic agreement, pegging the dollar to gold and the other currencies to the dollar, and establishing the World Bank, ...
Applied Materials shares are down on guidance and margin concerns. Analysts call it time to buy.
Analysts see the semiconductor company continuing to grow from a boost in demand amid the race to dominate the artificial-intelligence industry.
Fallout Spreads Across the Middle East as the Iran War Grinds On
Politics, Geopolitics & Conflict Yemen’s Houthis said they targeted Saudi Aramco’s Jazan refinery with two drones on Thursday, the second claimed attack on the Red Sea facility in less than a week and ...
Norwegian Krone: Restrictive Norges Bank stance and downside risks - Commerzbank
Commerzbank’s Antje Praefcke explains that Norges Bank kept its policy rate at 4.25% and still signals that further tightening may be necessary as inflation remains above target. However, upcoming dat ...
Weekly focus: Some relief in US inflation concerns
The US job report showed a surprise decline of 23,000 jobs in July, while previous data was revised down by 103,000. This paints a weaker picture of growth in the US economy but also a picture more in ...
Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal
Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack from Ukraine. A fire was detected at the po ...
At a glance: stocks gapping down premarket
The Dollar is losing ground, but will it last?
The US dollar has reacted differently to the inflation data. While the slowdown in consumer price inflation led to its strengthening, a slower pace of producer price inflation, from 5.5% to 4.7% y/y, ...
Canadian Dollar: Manufacturing sales drag from energy – TD Securities
TD Securities strategists forecast Canadian Manufacturing Sales to fall 0.4% month-on-month in June, weaker than the market’s -0.1% call, mainly due to lower petroleum prices.