TAG: Purchasing Managers' Index
Wall Street Wrap: “Good news is bad news” kept US indices on the backfoot
Market Recap The “good news is bad news” mantra continued to play out in Wall Street overnight, as stronger-than-expected US job openings and factory goods orders joined the recent run in robust economic data to challenge the upcoming pace of Federal Rese...
6 months ago
Nasdaq 100: futures up after a session of limited gains
FOMC commentary and rate cut speculations There was plenty of FOMC (Federal Open Market Committee) members speaking. The attention was largely on Chairman Powell. He did not stick to a timeline on rate cuts, stating it's "too soon to say whether the recen...
6 months ago
Asia Day Ahead: Weaker US data open door for earlier rate cuts
Asia Open Into the new trading week, markets in Japan, South Korea and Thailand are closed for holiday, setting the region up for a more tamed start. Nevertheless, market participants have been cheering the weaker-than-expected US jobs report and US servi...
5 months ago
Nasdaq 100: Futures up after a red session, earnings from Apple next
FOMC dovish hold and mostly disappointing data The Federal Open Market Committee (FOMC) opted to hold interest rates steady as anticipated, with a statement citing a "lack of further progress" on inflation. However, other aspects appeared dovish, especial...
5 months ago
Commodities Watch: Time for a sugar rush?
Round-up The past week has seen some big moves in the commodities space, notably with sugar prices rallying 11.6% to reach a three-week high. That said, the recent surge follows after a 36% retracement from its November 2023 peak, with prices falling from...
1 month ago