US Q2 GDP grows 2.8% annualized, inflation pressures ease
The advance estimate of US GDP growth in Q2 2024 showed a robust 2.8% annualized […]
SPX 500: Further Weakness May Trigger Medium-Term Global Risk-off Event
Market participants have started to question the earlier high earnings growth prospects placed on the […]
GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation
GBP/USD is declining due to speculation of a BoE rate cut and concerns about global […]
Markets Gradually Moving to a Scenario of Fed Cutting Cumulative 75 bps This Year
Markets Market focus yesterday initially was on the PMI releases. Later sentiment turned sharply risk-off […]
A Bad Day for Tech Stocks
Underwhelming results from Tesla and Alphabet painted the equity markets in the red yesterday. The […]
Tech Woes and Election Jitters Trigger Steep US Stock Sell-Off
US stocks took a steep dive overnight, with S&P 500 and NASDAQ Composite suffering their […]
US PMI composite rises to 27-mth high on strong services, Goldilocks scenario
US PMI Manufacturing fell from 51.6 to 49.5 in July, a 7-month low. PMI Services […]
US goods exports rises 5.7% yoy, imports rises 6.9% yoy
US goods exports rose 5.7% yoy to 172.32B in June. Goods imports rose 6.9% yoy […]
Oil Price Update: Brent Holds Critical Support Amid US Inventory Decline
Oil prices have declined over the past four days, but Brent oil remains at a […]
Yen Extends Its Comeback Supported by strong Japan Jibun Services PMI
Markets In a session with few important data core bonds remained well bid, Bunds outperforming […]
The First View on Big Tech Earnings Wasn’t Inspiring
The first view on Big Tech earnings wasn’t inspiring. Tesla’s earnings missed estimates for the […]
US durable goods orders falls -6.6% mom, but ex-transport orders up 0.4% mom
US durable goods orders fell sharply by -6.6% mom to USD 264.5 in June, much […]