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Key points Fed Chair Powell speech due on Tuesday China’s June factory activity contracts again, services slows Palladium up 1.1% Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start …
Key points: Rupee poised to open slightly higher, supported by bond inflows. U.S. Treasury yields reach near two-week high, posing challenges for Asian currencies. The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from …
Key points Australian dollar rises 0.4% to $0.6675 Annual inflation jumps to 4.0% in May, above forecasts Market prices in higher probability of rate hike The Australian dollar surged higher on Wednesday after data revealed that inflation accelerated much more …
Key points: The personal consumption expenditures index (PCE) will be announced on Friday. If the PCE data for May shows price pressures eased from April’s 2.8% clip, this will increase the probability of interest rate cuts this year. The US …
Key points: The Monetary Authority of Singapore (MAS) is expected to maintain its stable monetary policy stance until 2025 due to persistent core inflation. The economy of Singapore showed resilience in Q1 2024, primarily driven by the services sector. While …
Key points: Loonie touches a one-week high at 1.3699 BoC minutes reveal the bank considered delaying rate cuts Price of U.S. oil dips 0.1% Bond yields rise across the curve The Canadian dollar held its ground against the U.S. dollar …
The upcoming week is packed with key economic events that could significantly impact the markets. Here’s a detailed look at the key events to watch from 17th to 23rd June 2024, covering important announcements from China, Australia, the UK, and …
Key points: Gold prices fell 4.5%, dropping below $2,300 per ounce after strong US jobs data. Non-farm payrolls surged to 272,000 in May, far exceeding expectations. Upcoming US inflation data and Fed interest rate decision will determine market sentiment. Gold …
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which …
Key points: S&P 500 and Nasdaq indexes hit record closing highs, driven by technology stocks. Private payrolls data shows slowdown in May, indicating potential for Fed rate cuts. On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing …
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