Financial News

Rising crude oil inventories and declining refinery inputs and gasoline production signal potential downward pressure on crude prices.

The latest numbers suggest a cautious consumer outlook, potentially signaling reduced spending ahead and implications for ECB rate policy in Q3 2024.

The dip in consumer confidence, especially in future expectations, suggests a cautious outlook for the market.

S&P CoreLogic Case-Shiller Index hits a record high, U.S. home prices stabilize, and FHFA reports continued increases.

Amidst fluctuating bets on a September Fed rate cut, inflation numbers from Australia could push the RBA into a rate hike as the Yen sinks toward 160.

It has been a week to forget for the crypto market, with BTC dropping below $64,000, but the launch of ETH-spot ETFs could change the mood.

Natural gas prices are trying to rebound from weekly lows as traders react to the EIA report.

Business activity is rising in both manufacturing and services sectors.

Germany’s economic growth in June was hindered by a marked decline in manufacturing, while the services sector continued to perform well.

UK retail sales rebounded in May and could impact the Bank of England’s August policy decision. UK private-sector PMIs are out next.

Gasoline inventories decreased by 2.3 million barrels from the previous week.

Unemployment claims drop, suggesting a stronger labor market, but manufacturing and price challenges persist.

Market expectations for a BoE rate cut are now set for September or November, despite a Reuters poll indicating a potential cut on August 1.

German producer prices stalled in May, highlighting mixed demand signals and influencing ECB rate cut expectations before Services PMIs on Friday.

A sustained period of higher interest rates will present a challenge for many borrowers worldwide, as economies adapt to a new era of comparatively tight monetary policy amid a recovery in growth and enduring inflation.

UK inflation dips to 2.0% in May, signaling potential for an August Bank of England rate cut.

Due to weaker-than-expected retail sales data and downward revisions, the short-term outlook for the retail sector appears bearish.

The modest decline in business activity and ongoing labor market weaknesses point to continued challenges in the near term.

In another important week for markets, UK inflation numbers could stoke bets on a BoE rate cut, with stats from the US could impact bets on a Fed rate cut.

The global crypto market capitalization grew by $22 billion (+0.83%) on June 15, while Ethereum ETFs, MicroStrategy and Paradigm investment grabbed major bullish news headlines.