Monday's Market Update I 13-May-2024
Investors are eagerly waiting for the release of US producer and consumer price index data scheduled for release on Tuesday and Wednesday. They hope for signs of easing inflation after months of concerns that the Federal Reserve may refrain from interest rate cuts this year.
Additionally, investors are poised to gain significant insights into the health of the U.S. consumer this week when the April retail sales data are released on Wednesday.
The Bank of England edged towards an interest rate cut last week, sparking market debate about whether the move will happen at the upcoming June meeting or if policymakers will opt to wait. Ahead of the June 20 meeting, investors are awaiting two employment reports and two rounds of inflation figures.
The anticipation of prolonged higher US interest rates is adversely impacting oil prices in the energy markets, as such rates tend to dampen economic activity and reduce oil demand. Moreover, increasing US fuel inventories ahead of the peak summer driving season are further exacerbating the pressure on oil prices.
Dear Valued Client, We are pleased to announce that STARTRADER has officially launched a new…
Dear Valued Client, We are pleased to inform you that STARTRADER has updated the order…
Gold prices continue to break new highs as fear in the markets grow and demand…
U.S. Stocks recover in early trading following yesterday’s sharp declines Stock futures rose in early…
Gold has soared to a fresh high over the impact of the trade war between…
EUR/USD is climbing again after bouncing off 1.1270 over the 30-SMA, confirming it as support.…
This website uses cookies.