Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday. The personal consumption expenditures price index, a broad measure the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%.
Month: November 2024
In this article WDAY Follow your favorite stocksCREATE FREE ACCOUNT Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023. Kevin Dietsch | Getty Images Workday shares slipped as much as 8% in extended trading on Tuesday after the human
GBP/USD Price Forecast: Surges to four-day peak, above 1.2600 The Pound Sterling rallied to a four-day peak against the US Dollar at 1.2667 as market participants shrugged off Trump’s tariffs threats, which sparked a flight to safety on Tuesday. At the time of writing, the GBP/USD trades at 1.2646, above its opening price by 0.64%. Read
Yen is asserting dominance in today’s markets, benefiting from notable decline in US and European benchmark treasury yields. US 10-year yield, in particular, is seeing a renewed drop, which is gaining momentum alongside the weakening USD/JPY. This raises the risks that both could be reversing their rallies that began in mid-September. However, with reduced liquidity
As the North America session begins the USD is lower, US yields are lower and the broader indices are lower (although the Dow is trading above and below unchanged). Crude oil is marginally higher after an up and down day on Tuesday. Gold is higher after rebounding by 0.31% yesterday a day after plunging 3.35%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Bullion prices rebounded after two days of sharp fall with silver logging its steepest single-day gain of Rs 5,200 to hit Rs 95,800 per kg on Wednesday amid strong global trends and buying rush from local jewellers. Gold of 99.9 per cent purity climbed Rs 650 to Rs 78,800 per 10 grams in the national
EasyJet on Wednesday said it made £3.59 billion ($4.5 billion) from charging passengers for flight and holiday add-ons such as extra baggage in the full year to October, as the budget airline’s CEO criticized a recent Spanish fine over the practice. The easyJet group, which includes an airline and a package holiday provider, said ancillary
The Australian Dollar gains ground as the US Dollar remains subdued amid bond market optimism. Australia’s Monthly Consumer Price Index remained consistent at a 2.1% rise YoY in October, against an expected 2.3% increase. November’s FOMC Meeting Minutes indicated that policymakers are adopting a cautious stance on rate cuts. The Australian Dollar (AUD) halts its
Dollar strengthened broadly in Asian session, especially against commodity currencies, following a bold announcement from President-elect Donald Trump. Trump pledged to impose steep tariffs on Canada, Mexico, and China to pressure them into halting fentanyl trafficking to the US. The announcement came as markets were digesting the positive sentiment surrounding Trump’s Treasury Secretary pick, hedge
The Reserve Bank of New Zealand (RBNZ) is set to announce its interest rate decision in the upcoming trading session, with expectations leaning toward a 50 basis point rate cut, lowering the benchmark rate from 4.75% to 4.25%. The NZD/USD pair has been in a steady downtrend since late September, driven by expectations of further
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Written by , ETMarkets.com| Nov 26, 2024, 07:40:31 PM IST 1/6 Top Performers On Tuesday, the Sensex, the benchmark index, dropped by 106 points, closing at 80,004. Despite this decline, five stocks from the BSE 200 index reached their 52-week highs. A 52-week high reflects the highest price a stock has achieved in the past year,
President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona. Rebecca Noble | Getty Images News | Getty Images The latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs. On Monday, Trump said on social
CrowdStrike delivered a very good quarter after Tuesday’s closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Nonetheless, shares of the cybersecurity firm were selling off as traders booked profits, perhaps because the current quarter profit guide came in a penny below expectations. The stock drop plays right into our
GBP/USD Price Forecast: Recovers after diving to 1.2500 on Trump’s remarks The Pound Sterling recovered some ground following remarks of US President-Elect Donald Trump late on Monday afternoon, in which he said that once he takes office on January 20, he would impose 25% tariffs on Canada and Mexico and 10% on all Chinese products. This
Dollar is losing some ground as markets enter into US session, as the initial support from US President-elect Donald Trump’s tariff announcement dissipated. Although the greenback softened broadly, it is still holding onto gains against Loonie and Aussie, with traders as Trump’s tariffs are targeting Canada, China, alongside Mexico. Market focus now turns to FOMC
Is Intel Stock a Buy or Sell? Here’s My Strategic Orientation for 2024 🎯 Hi, Itai Levitan here! 👋 If you’re looking at Intel stock (INTC) and wondering whether it’s time to buy the dip or sell the rally, here’s a flexible framework to consider. The market has its own rhythm, so this is an
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