US stocks rally after weak trading After two straight losing sessions, US stocks ended the week on a positive note, as encouraging inflation data and comments from Federal Reserve officials eased investor concerns about future interest rate moves. Inflation is slowing: Key data The published Personal Consumer Expenditure (PCE) index, one of the main indicators…
The main events by the morning: December 20 Source link
At the last meeting, the Fed, as expected, cut the rate by 0.25%. This decision was taken into account by the markets in advance, but the revised forecasts for rates caused a sharp reaction in the financial markets. Fed Chairman Jerome Powell said that in 2024, only two rate cuts are expected instead of the…
The EUR/USD pair plunged to 1.0351 with a single-session fall of 1.32%. The instrument recorded its lowest close in two years. This slump was triggered by unexpectedly hawkish statements from the Federal Reserve, which made it clear that no rate cuts are anticipated in January. According to the updated FOMC forecasts, only two rate cuts…
OPEC+ expresses concern about a possible increase in oil production in the United States after Donald Trump returns to the White House. The expansion of U.S. supplies could undermine the alliance’s efforts to maintain prices and reduce its market share. OPEC+, which produces about half of the world’s oil, recently extended production restrictions until the…
The German Finance Ministry has decided to introduce a temporary budget for the beginning of 2025. The reason for this step was the actual collapse of the coalition government of Chancellor Olaf Scholz and preparations for early parliamentary elections scheduled for February 23. Finance Minister Joerg Kukis has initiated a special anti-crisis mechanism for managing…
The main events by the morning: December 17 Source link
On Monday, oil prices jumped after reports of the overthrow of Syrian President Bashar al-Assad by the opposition, which increased fears of an escalation of instability in the Middle East. Brent futures rose by 1.17%, reaching $72 per barrel, and WTI – by 1.32%, to $68.20. Traditionally, any geopolitical aggravation supports the oil market, but…
In two weeks, the currency market will de facto go on a Christmas/New Year vacation, which will not end until early January. But before leaving, traders will “slam the door loudly,” reacting to the key events of December. The upcoming week is packed with significant events for the EUR/USD pair. Key November inflation data will…
The Bank of England is considering a fourfold interest rate cut in 2025 as inflation slows faster than expected. In the November forecast, the regulator has already laid out such a scenario in order to return inflation to the target of 2%. After the statement by the head of the Bank of England, Andrew Bailey,…