About: josephine

Recent Posts by josephine

Asian markets await US inflation and China data

Key points: The US consumer price index (CPI) will be closely monitored this week, as it could influence the Federal Reserve’s decision on a potential rate cut in September. Market participants are particularly sensitive to changes in core CPI, which is expected to rise by 0.3% for the month of April. A figure lower than Continue Reading

Hong Kong stocks surge pending corporate performance and policy support

Key Points: Hong Kong stocks enjoyed their third consecutive session of gains on Monday, buoyed by investor optimism for forthcoming corporate earnings and potential governmental policy support. This optimism comes in the wake of new data revealing sluggish demand across China. Hang Seng sees strong upward market movement The Hang Seng Index increased by 151.38 Continue Reading

Calm in currency markets before US inflation test

Key points: The dollar is holding its ground against major currencies as market participants await crucial US inflation data, set to be released this week. The data is expected to play a significant role in the Federal Reserve’s decision-making about potential rate cuts in 2024. Recent employment figures, which came in below expectations, along with Continue Reading

Increased farmer sales are easing bids for soybeans and corn

Key points Basis bids for soybeans and corn shipped by barge to the U.S. Gulf Coast showed a slight decline on Wednesday. This shift reflects the increased sales by farmers, effectively boosting the supply in the market. raders have observed that after a spike in futures prices on the Chicago Board of Trade for corn Continue Reading

Oil prices surge on reduced U.S. supply and interest rate speculation

Key points 9th May 2024 – On Thursday, oil prices experienced a moderate increase in early trading, driven by a decrease in U.S. crude inventories and growing optimism about potential interest rate cuts by the Federal Reserve. Brent crude for July delivery climbed by 23 cents to $83.81 a barrel, while U.S. West Texas Intermediate Continue Reading

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