Melbourne Institute Inflation Expectations survey Over the past six months or so, the survey has generally reflected ongoing concerns about price pressures. While the month-to-month figures have shown some variability, the overall trend suggests that consumers remain wary of sustained inflation levels, particularly in light of rising costs for essential goods and services. In several
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SINGAPORE – Oil prices were little changed on Wednesday, after falling the previous day, as a dip in U.S. crude stockpiles and expectations of supply disruptions from sanctions on Russian tankers lent support amid forecasts for lower global fuel demand. Brent crude futures were up 2 cents to $79.94 a barrel by 0205 GMT, after
Goldman Sachs shares jumped to near all-time highs Wednesday after the investment bank reported strong fourth-quarter results and signaled that more dealmaking is on the way. Revenue for the three months ended Dec. 31 increased over 22% year over year to $13.9 billion, far outpacing expectations of $12.4 billion, according to estimates compiled by LSEG.
USD/JPY falls sharply as U.S. consumer inflation data shows slowing core inflation. Bank of Japan Governor’s hawkish comments lift Yen; U.S. 10-year yields drop 12bps. Upcoming Fed speeches and U.S. economic data key for further market direction. The USD/JPY dropped over 1% in early trading during the North American session as inflation data in the
Yen’s recovery gained some momentum today on as speculation over an imminent BoJ rate hike. Governor Kazuo Ueda reinforced Deputy Governor Ryozo Himino’s earlier comments, suggesting that next week’s policy meeting could bring a shift in monetary policy. The unified tone from BoJ’s leadership is seen a calculated effort to prime markets for potential action.
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation. The consumer price index increased 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had
Fundamental Overview The USD is weaker across the board following the soft US PPI report yesterday. The market pricing is now showing a total of 31 bps of easing by year end compared to 24 bps before the PPI. The focus remains on the US CPI report today. A hot report will likely cause some
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
Gold February futures contracts at MCX opened in green on Wednesday at Rs 78,298 per 10 gram, which was up by 0.18% or Rs 142 while silver March futures contracts were trading at Rs 90,747/kg, up by 0.21% or Rs 191. Gold prices jumped by Rs 1,550/10 grams in the last one week while silver
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what
United Kingdom’s Office for National Statistics will release the December CPI data on Wednesday. The annual UK headline CPI inflation is set to rise in December, with the core figure cooling slightly. The UK CPI report will likely rock the Pound Sterling amid the BoE’s cautious policy approach. The United Kingdom’s (UK) Office for National
Dollar is holding steady against its peers in early U.S. trading, with softer-than-expected PPI report failing to trigger significant selling pressure. Market sentiment continues to shift toward the possibility that the Fed might refrain from additional rate cuts in 2025. Fed funds futures are currently pricing in less than 60% probability of a 25bps rate
Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand’s economy, especially when it comes to exports. David Clapp | Stone | Getty Images New Zealand’s prime minister told CNBC the country has to look beyond its own backyard for trade opportunities, as the South Pacific island nation signs an economic partnership with
The EURUSD is moving back hgiher and is retesting its 200 hour moving average. Recall from earlier today, the price moved up to the 200-hour moving average and found willing sellers near the level. The price rotated back to the downside stalling ahead of its 100-hour moving average at 1.0268. The low price could only
Manufacturers sentiment index +2 in January -1 in December Index for non-manufacturers’ mood to +31 was +30 in December Both manufacturers, non-manufacturers see no change in April *** Japanese manufacturers’ sentiment improved in January, rising to +2 from December’s -1, driven by stronger conditions in materials industries like steel, oil, and chemicals. However, their outlook
Gold February futures contracts at MCX opened flat on Tuesday at Rs 78,230/10 gram, which is down by 0.08% or Rs 64 while silver March futures contracts were trading at Rs 90,240/kg, down by 0.3% or Rs 273. Despite volatility in the market, gold prices have risen by nearly Rs 1,200/10 grams in the last
Wall Street’s biggest financial institutions kick off fourth-quarter earnings on Wednesday, with portfolio names Wells Fargo , Goldman Sachs , and BlackRock set to report results before the opening bell. The rally in financial stocks last year, which really started in October 2023, went into high gear in the run-up to the Federal Reserve ushering
GBP/USD extends downtrend, slipping below 1.2200 after US inflation release. Next GBP/USD support at 1.2136; potential drop to 1.2100 may hit a new year-to-date low. Recovery above 1.2200 needed to challenge the week’s high at 1.2249, further resistance up to 1.2351. The GBP/USD plunged below 1.2200 during the North American session following the release of
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