Financial News

The proportion of Italian sovereign debt held by foreign investors, a less stable source of demand than the ECB and residents, is rising and will make Italy more susceptible to changes in market sentiment.

The unexpected rate cut is likely to have a bullish impact on U.K. equities and bonds in the short term.

Fed Chair Powell said that his confidence was growing as he received good data.

ADP Report shows large establishments added 62,000 jobs while small businesses lost 7,000, signaling potential economic shift.

Boeing’s ongoing production delays, regulatory scrutiny, and financial underperformance suggest a bearish short-term outlook for the company.

Eurostat’s flash estimate reveals inflation uptick to 2.6% in July, surpassing June’s 2.5% and analysts’ predictions. ECB policymakers face mounting pressure.

Market eyes Fed’s rate decision post-BoJ hike; USD/JPY volatile ahead of FOMC meeting.

Market reaction suggests bearish sentiment for Microsoft’s short-term outlook, with investors focused on the company’s cloud growth strategy

The report showed that labor market remained in decent shape ahead of the Fed decision, which will be released tomorrow.

Pfizer’s Q2 revenue reaches $13.28 billion, marking a 2% increase year-over-year and surpassing projected $12.96 billion

Eurostat’s flash estimate shows 0.3% GDP growth for euro area and EU, surpassing pre-report expectations of 0.2% for Q2 2024.

Euro area economic powerhouse contracted in Q2 2024 raising concerns over Eurozone stability. Eurozone GDP and German inflation numbers next.

The new orders index declined, highlighting the pullback in demand.

Egypt’s public finances remain vulnerable to external shocks given the government’s limited fiscal space, though external support, higher foreign direct investment and progress on reforms are improving resilience.

McDonald’s faces global sales drop, international market challenges, and introduces $5 meal deal to combat weakening consumer demand and competition.

It could be a crucial week ahead, with the Fed and the BoE eyeing 2024 interest rate cuts while the BoJ considers rate hikes and cuts to JGB purchases.

US politics could dictate near-term trends for BTC and the broader crypto market on Saturday, with Trump attending Bitcoin 2024.

Long-run inflation expectations remain unchanged at 3.0%.

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.

Natural gas prices are moving towards multi-week lows as traders react to the bearish EIA report.