Sterling dips as oil rises, still set for weekly gain on hawkish BoE

Sterling dips as oil rises, still set for weekly gain on hawkish BoE
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Sterling dips as oil rises, still set for weekly gain on hawkish BoE
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Fed Governor Adriana Kugler said she favors keeping interest rates unchanged “for some time,” citing a resilient labor market and rising inflation pressures from tariffs. In a speech today, she noted that both headline and core inflation “have shown no progress in the last six months”. Instead, this week’s CPI and PPI report showed core…
Investing.com– Activist investor Starboard Value has taken an around $1 billion stake in Pfizer Inc (NYSE:) and wants the drugmaker to make sweeping changes to turn around laggard performance, the Wall Street Journal reported on Sunday. Starboard has approached two former Pfizer executives- Ian Read and Frank D’Amelio- who have in turn expressed interest in…
Japan’s trade deficit narrowed in August to JPY -242.5B, smaller than expectations for JPY -513.6B, as exports outperformed forecasts. Overall exports dipped just 0.1% yoy to JPY 8425B, beating projections for a 1.9% yoy decline. Imports, however, fell -5.2% yoy to JPY 8668B, a steeper drop than the -4.2% yoy contraction expected. The details highlighted…
Prior month import prices -0.3% revised to -0.2% US import prices MoM -0.4% versus -0.2% expected US export prices MoM -0.7% versus -0.4% expected Previous export prices revised to -0.9% from -0.7% Import prices year on year -0.1% which was the first 12 month drop since February 2024 Export prices fell -2.1% year over year….
The Dow Jones (US30) fell by 0.17% on Tuesday. The S&P 500 Index (US500) was up 0.05%. The Nasdaq Technology Index (US100) was up 0.31%. Data released on Tuesday showed a modest increase in US job openings for October, while layoffs declined, indicating workers’ confidence in the labor market. US October JOLTS job openings rose…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on Tuesday March 17th. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category and is a current snapshot of how…