Financial News
- Bob Mason
US politics could dictate near-term trends for BTC and the broader crypto market on Saturday, with Trump attending Bitcoin 2024.
- Vladimir Zernov
Long-run inflation expectations remain unchanged at 3.0%.
- James Hyerczyk
Fed’s key inflation gauge aligns with expectations. PCE index rose 2.5% YoY in June, hinting at potential September rate cut. Market outlook cautiously optimistic.
- Vladimir Zernov
Natural gas prices are moving towards multi-week lows as traders react to the bearish EIA report.
- James Hyerczyk
GDP growth and labor market show resilience. Mixed durable goods and rising jobless claims average require ongoing scrutiny.
- Vladimir Zernov
Gasoline inventories decreased by 5.5 million barrels, missing analyst expectations.
- Bob Mason
German GfK Consumer Climate Indicator rises to -18.4 in August, as Income Expectations surge to the highest level since October 2021.
- James Hyerczyk
Tesla’s Q2 earnings miss estimates, while Alphabet’s steady performance boosts confidence. Discover the tech giants’ contrasting fortunes in our detailed analysis.
- Vladimir Zernov
The median existing-home price reached all-time high levels.
- Bob Mason
It could be a crucial week. Services sector PMIs will give clues on economic activity midway through Q2 before US inflation numbers on Friday.
- Bob Mason
GBP/USD dips on weak UK retail sales; BoE rate cut bets may rise as consumer spending falters. But, inflation and wage growth issues linger.
- James Hyerczyk
Netflix Q2 earnings beat expectations, but stock falls on weak Q3 guidance. Tech sector wavers as streaming giant’s mixed results impact Nasdaq 100.
- Vladimir Zernov
Natural gas is trying to rebound as traders react to the EIA report.
- James Hyerczyk
Despite headline inflation dipping to 2.5% in June, core inflation remains sticky at 2.9%, surpassing consensus forecasts and indicating persistent price pressures
- Vladimir Zernov
Gasoline inventories increased by 3.3 million barrels, exceeding analyst expectations.
- James Hyerczyk
Unexpected strength in permits and starts, plus surging completions, show housing market resilience despite high interest rates
- Bob Mason
UK CPIH up 2.8% in June; clothing prices fall, restaurants and hotels lead gains. Labor market and retail sales become crucial data releases.
- Vladimir Zernov
According to the report, builders are increasingly cutting home prices to boost sales.
- James Hyerczyk
June’s stable retail sales and strong e-commerce and food service performance hint at a cautiously bullish outlook for consumer-related stocks.
- James Hyerczyk
BAC’s strong Q2 and positive banking sector trends suggest a bullish short-term outlook for financial stocks, reflecting industry-wide momentum.
