German inflation stuck at 2%, DAX futures snap losses
Inflation in Germany steadied at the 2% level according to the latest CPI update and held at its lowest levels in eight months as falling energy and services costs outweighed the marginal increases of broader food costs. Given that price pressures in Europe’s largest economy revolve around the ECB’s 2% inflation target, calls from money […]
Will July’s CPI showcase the much-desired cooldown markets seek for?
Markets are increasingly growing anxious as to when will the harsh, “reciprocal” tariffs imposed by the Trump administration will strike the US consumer and inflate prices and consequently, how will the Federal Reserve respond with to such developments, in regards with their policy decisions. So far, inflation in the US remained in stagflation mode and […]
Week Ahead Schedule
Since there are scarcity economic news releases during today’s session, we decided to outline the most important releases for this week: Tuesday: We kick off the week with the Reserve Bank of Australia’s interest rate decision, early in the Asian session, the United Kingdom’s latest labour market update, OPEC’s monthly report and possibly the main […]
Precious metals on track to clock in strong weekly gains
Both gold and silver managed to capitalize on the shortcomings of the greenback this week, which came under pressure from weaker than anticipated US labour market data, upwardly revised odds for rate cuts by the Federal Reserve, Trump’s sweeping retaliatory tariffs, broader trade tensions, but also China’s extended gold buying streak. Another catalyst that boosted […]
Bank of England seen slashing rates for the 5thconsecutive meeting
Markets participants will inadvertently focus their attention on the upcoming BoE’s interest rate decision later on today to get a grasp on how the monetary policy committee will decide to move forward with its policy plans and hence gauge the direction of the sterling in the foreseeable future. Wider market expectations point towards a 5th […]
Novo Nordisk’s slump deepens
The European pharmaceutical giant, Novo Nordisk, continues to experience sequential waves of outflows, as investors remain convinced that the company is losing the obesity drug race against its competitors but also the pileup of misleading marketing lawsuits against it, do no favours either. Since July of 2024, the shares of the drugmaker lost more than […]
Palantir extends its blistering rally
The AI software company, Palantir, smashed its second-quarter earnings expectations yesterday and raised its outlook on robust demand for its AI Platform. Ahead of earnings, investors held bullish expectations and the company more than delivered, reporting a recordbreaking quarterly revenue, exceeding the $1billion mark for the first time in its history and an impressive yearover-year […]
US equities plunge after jobs-driven selloff
US stock markets indices were quickly on the retreat on Friday, recording their second consecutive session deep in the reds as investors got spooked from latest round of jobs data from the United States. All three major equity averages fell by more than 2% and snapped their waning, record breaking rally as July’s weaker than […]
US Payrolls data looms, market expects 110k new jobs
The attention of the market will inevitably gyrate around the latest round of jobs data from the United States for the month of July, as the assessments from Federal Reserve officials appear to be largely based on the strength of the labour market, rather than inflation. Evidently, the core PCE, the Fed’s favourite inflation metric, […]
Microsoft and Meta outperformed, now eyes fall on Apple & Amazon
Yesterday, two tech heavyweights, Microsoft and Meta Platforms outright obliterated Wall Street analysts’ expectations and raised the bar higher yet again, injecting at the same time, a fresh shot of rejuvenated optimism in the recently stalling US equity markets, leading them to fresh record highs. Microsoft’s superlative growth stemmed primarily from the outperformance of its […]
Fed decision day is upon us
Without a shadow of a doubt, the main focus of today’s session is the Federal Reserve’s policy rate decision for the month of July alongside the bank’s forward guidance, which will supplement market participants with more information as to what could come next. Recently, President Trump continued his barrage of attacks, overtly exerting pressure on […]
Swath of economic data gets brought to the forefront
As we veer closer to Trump’s August 1st deadline, markets to their surprise, do not, repeatedly encounter signs of blatant acts of trade aggression, as they once feared, but rather necessary compromises or inevitable retreats, which nevertheless tame worries. The case can thus be made for the US preliminarily “winning” the trade wars and achieving […]
Transatlantic trade war fears fizzle out, as EU-US reach trade deal
The Unites States and its ally across the pond, the European Union, have reportedly reached a trade agreement ahead of the August 1st deadline and market participants exhaled with a sigh of relief, as a deeper trade war has been averted. The key features of the report entail that the US import levy will be […]
Alphabet’s earnings beat lifts the S&P500 to fresh record highs
Equity traders apprehended the lasted round of earnings from the tech juggernaut, Google, with optimism and the S&P500 extended its rise as a consequence, capturing fresh historic highs. Alphabet’s second quarter earnings data underscored the company’s strong financial health yet again but further broadcasted that the tech giant safeguards its position as a leader in […]
Wait and see ECB?
The European Central Bank’s rate decision will, without a doubt, be the main attraction of today’s session and traders will pay close attention, not only to the policy decision alone, but also to the forward guidance and projections of policymakers for the foreseeable future. The ECB has been steadfastly slashing its policy rates over the […]
US and Japan reach trade deal
President Trump’s most recent post lifted optimism for the auto sector since the US and Japan have reportedly reached a trade deal that includes a 15% tariff on Japanese exports towards the US. The originally proposed tariff rate was 25% and the deal is considered a major advancement in trade relations between the US and […]
Corporate earnings topple estimates yet stock rally wanes
Robust consumer strength has been powering the equity rally this earnings season and demand for risky assets remains elevated albeit mounting macro concerns on trade, monetary policy and geopolitical fronts. So far, about 12% of S&P500 companies have reported earnings and approximately 85% of these companies’ earnings results exceeded analysts’ EPS expectations. Big banks made […]
Week Ahead schedule
Let’s have a look ahead on what to expect this week: Tuesday: We highlight the Reserve Bank of Australia’s latest meeting minutes released early in the Asian session and the speeches from Fed Chair Powel, ECB’s President Lagarde and BoE’s Governor Bailey. On the earnings front we note, Coca Cola, Philip Morris, General Motors, Lockheed […]
Cryptocurrencies rally on breakthrough stablecoin-legislation news
The Trump administration stands at the precipices of passing a monumental, landmark bill that could, not only, safeguard the economic future of US citizens, but also lead them to prosperous wealth. At least that’s what the plan entails. President Trump promised to make America the “crypto capital of the world” during his election campaign and […]
Wall Street thrived amidst Trump’s tariff-induced volatility
The banking industry in US managed to showcase yet again their resiliency amidst turbulent times, as they toppled analysts’ estimates and kept investors optimistic with their outlooks, giving at the same time a positive push start to this year’s, second-quarter earnings cycle. The banking industry in US managed to showcaseGoldman Sachs surprised analysts with higher […]