Financial News
- Bob Mason
Fed rate cut and labor data spark a 6.85% crypto market rally, outperforming equities.
- Vladimir Zernov
Natural gas prices remain under pressure as traders react to the EIA report.
- James Hyerczyk
US labor market resilience contrasts mixed manufacturing signals. Unemployment claims drop as production rises, yet supply chain issues persist. Cautiously bullish outlook.
- Alvise Lennkh
Political deadlock in Germany and France limits the prospect of implementing reforms proposed by the Draghi report, which, together with Southern Europe’s productivity gap, challenges Europe’s growth outlook.
- Vladimir Zernov
The central bank decided to cut the federal funds rate by 50 bps.
- Vladimir Zernov
Gasoline inventories increased by 0.1 million barrels, missing analyst expectations.
- James Hyerczyk
US housing starts surged 9.6% in August to a 1.36M rate, driven by lower mortgage rates. Builder stocks hit highs, but inventory challenges persist.
- Bob Mason
Unexpected rise in UK core inflation sparks concerns over BoE’s upcoming rate decision.
- Vladimir Zernov
The report showed that builder confidence increased as interest rates moved lower.
- James Hyerczyk
U.S. retail sales rose 0.1% in August, beating forecasts. Nonstore retailers led with 7.8% growth, fueling speculation of a Fed rate cut amid slowing inflation.
- James Hyerczyk
Empire State Manufacturing Survey shows first expansion in a year. Shipments surge, pricing stable. Optimism grows, but capital spending declines.
- Bob Mason
Rising bets on a 50-bps Fed rate cut fuel crypto demand, sending market up 8.62% as BTC hits $60,381.
- Vladimir Zernov
Year-ahead inflation expectations dropped to the lowest level since December 2020.
- James Hyerczyk
U.S. import and export prices fall in August 2024, led by declining fuel, agricultural, and semiconductor prices. Read the full analysis now.
- Vladimir Zernov
Natural gas prices are moving higher as traders stay focused on the potential impact of Hurricane Francine.
- James Hyerczyk
Inflation persists as August PPI beats forecasts. Rising service costs and a strong labor market shape a bearish outlook for the economy.
- Vladimir Zernov
Gasoline inventories increased by 2.3 million barrels, exceeding analyst expectations.
- James Hyerczyk
Core inflation jumps 0.3% in August, driven by a 0.5% rise in shelter costs. Fed may rethink future rate cuts as inflation concerns linger.
- James Hyerczyk
August CPI release crucial for Fed policy and markets. Inflation trend and labor market concerns shape expectations. S&P 500 up 15.2% YTD, investors watchful.
- Thomas Gillet
Political uncertainty, a challenging fiscal outlook, and the rising divergence in funding conditions between France and other core euro area sovereign borrowers underscore the importance of political stability.