Global equity markets are lower this morning following yesterday’s turbulence in gold and other precious metals. XAUUSD, after reaching $5,600, experienced heavy profit-taking that pushed prices down toward $5,030 before closing at -1.35% (currently down a further 4.38% today). In addition, markets are expecting President Trump to announce the next Fed Chair later today (U.S. […]
News of the capture of Nicolás Maduro, now former president of Venezuela, might lead some market participants to expect an immediate impact on energy markets. This assumption is understandable, given that the Caribbean nation sits atop the world’s largest proven oil reserves, estimated at 303 billion barrels—approximately 17% of global reserves—according to data from the […]
Oil prices climbed in early Asian trading on Monday, reversing earlier losses after the United States announced the capture of Venezuelan President Nicolas Maduro and declared plans to assume control of the South American nation’s government. The market also reacted to an OPEC+ decision to keep current oil production levels unchanged, even as political tensions […]
U.S. stock markets and index futures rose on Monday, extending their recent rally, as investors focused on upcoming inflation data and insights from Federal Reserve officials set to speak this week. In early trading, Dow Jones futures were up about 175 points, up 0.4%, S&P 500 futures were up about 21 points, up something close […]
U.S. equity markets stabilized on Wednesday after losses in technology stocks, driven by weak results from leading chipmaker ASML (ASML), pulled Wall Street away from its all-time highs. Losses in the semiconductor sector hit Wall Street on Tuesday, with the NASDAQ Composite down nearly 1%, while both the S&P 500 and Dow Jones Industrial Average […]
U.S. stock index futures and equities stabilized on Tuesday, consolidating after a rally in technology stocks hit all-time highs on Wall Street during the previous session, ahead of major company earnings data. The major indexes posted solid gains on Monday, supported by strong performances in major technology shares, with market favorite Nvidia (NVDA) reaching an […]
A busy week awaits the markets, with US inflation data that could cement expectations of a rate cut in September. Earnings season gathers momentum with the release of the results of major companies and many European banks. Meanwhile, Eurozone PMI data will highlight the run-up to the European Central Bank’s next rate cut. Here’s what […]
