The Nasdaq 100 has risen significantly this year despite numerous headwinds, but market breadth has been poor, with the rally driven primarily by a few big players in the tech space developing AI products.
SINGAPORE, May 22 Reuters Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC producers. Brent crude futures rose 13 cents, or 0.2, to 75.71 a barrel by 0850 GMT, while U.S. […]
WELLINGTON, May 22 Reuters New Zealands central bank is expected to deliver a 25basis point hike on Wednesday, but the focus will be on whether the policy rate will peak at a higher level than previously thought in the wake of a more stimulatory budget last week. After surprising financial markets with a 50basispoint bps hike to […]
European shares, U.S. stock futures mixed US debt ceiling talks to resume after impasse Powell less hawkish than feared; Yellen warns of more bank mergers G7 to cut China trade reliance, Beijing partially bars Micron SYDNEY, May 22 Reuters European shares were off to a cautious start on Monday while Wall Street futures struggled, with […]
TOKYO, May 22 Reuters The dollar was steady against the euro and yen on Monday, as U.S. debt ceiling negotiations were set to resume and after Federal Reserve Chair Jerome Powell indicated he favours a meetingbymeeting approach when it comes to future policy moves. The greenback was down 0.1 at 137.85 yen to start the […]
The surge in momentum last week could be an early sign that natural gas may have started to form a base after a prolonged period of weakness. How much more room to rise?
The US Dollar drifted lower as debt ceiling concerns and a potentially dovish Federal Reserve undermined. The Japanese Yen managed to rally after poor data. Lower USD/JPY?
Last week’s drop to a six-week low could be a sign that cracks have started to emerge in gold’s uptrend. Does it mean it is down from here? What is the outlook on XAU/USD and what are the signposts to watch?
The US Dollar extended its winning streak alongside Treasury yields as markets priced out Fed rate cuts. Ahead, will the Federal Reserve’s preferred inflation gauge support DXY’s key breakout?