Financial News
- James Hyerczyk
November’s steady PPI and stable Core PPI highlight market equilibrium amid contrasting sector-specific trends in the U.S. economy.
- Vladimir Zernov
Inflation is above Fed’s 2% target, so it remains to be seen whether Fed will signal that it is ready to cut rates in the first half of the next year.
- James Hyerczyk
November CPI up 0.1% with core CPI rising 0.3%, showing shifts in US inflation led by housing, healthcare, and energy declines.
- Bob Mason
With central banks deliver policy decisions, economic indicators from China, the Eurozone, the UK, and the US will also need consideration.
- Bob Mason
The crypto market continued to respond to BTC-spot ETF-related news, countering anti-crypto rhetoric from Capitol Hill.
- Vladimir Zernov
The report indicated that year-ahead inflation expectations declined from 4.5% to 3.1%.
- James Hyerczyk
November’s nonfarm employment rose by 199,000, unemployment dipped to 3.7%, and wages grew to $34.10, signaling economic strength.
- Vladimir Zernov
Natural gas prices remain under pressure as traders remain focused on bearish weather forecasts.
- James Hyerczyk
US unemployment claims rise to 220,000 with the four-week average reaching a yearly high of 1,872,250.
- Bob Mason
China’s trade data sent mixed signals today. An unexpected fall in imports could suggest a weakening demand environment, putting the spotlight on Beijing.
- Vladimir Zernov
Oil prices remain under pressure as gasoline inventories increased by 5.4 million barrels.
- James Hyerczyk
U.S. private sector added 103,000 jobs in November, falling short of the 131,000 job market expectation.
- Vladimir Zernov
Treasury yields tested new lows after the release of the report as traders bet on a more dovish Fed.
- James Hyerczyk
Euro area’s industrial prices up 0.2% in October 2023, but year-over-year fell 9.4%, with energy sector impacting EU prices.
- Bob Mason
On Tuesday, the RBA held the cash rate unchanged at 4.35% and listed a range of uncertainties and optimism about inflation to close the door on rate hikes.
- Vladimir Zernov
SP500 moved lower as traders took profits near multi-month highs, while gold pulled back towards the $2050 level in a wild trading session.
- James Hyerczyk
The Eurozone Sentix Economic Index indicates a budding economic recovery with modest but consistent improvements.
- Bob Mason
Monetary policy decisions, forward guidance, and the economic calendar will keep the markets busy before the all-important US Jobs Report on Friday.
- Bob Mason
The US courts highlight more untoward SEC actions in its regulation by enforcement maneuvers while Coinbase had an impressive November.
- Vladimir Zernov
The economic activity in the manufacturing sector contracted for the 13th consecutive month.
