US Consumer Price Index – US CPI The core CPI, which excludes Energy and food products, came in at 3.8% in March, slightly higher than 3.75% in February 2004. The uptick was mainly driven again Read more…
Stagflation risk has led to a softer US 10-year Treasury real yield below 2.38%. The 6% decline of Gold (XAU/USD) from its recent all-time high in April may have reached an inflection point to kickstart Read more…
The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than Read more…
Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving Read more…
The Euro keeps firm tone and hits new five-week high in early European trading on Wednesday. Fresh bull-leg extends into third consecutive day and cracked pivotal barriers at 1.0830 zone, consisting of 100DMA (1.0823) / Read more…
Every month, streaming looks more and more like cable. | Image: The Verge Yet another streaming service bundle is on the horizon, this time courtesy of Comcast. Variety reports that the telecommunications giant is planning Read more…
A report recently released by the Social Security and Medicare Boards of Trustees confirmed last year’s findings that a key trust fund will be exhausted in 2033. But that doesn’t mean reductions in benefits are Read more…
Check back for updates throughout the trading day U.S. equity futures were mixed in early Wednesday trading, while Treasury yields and the dollar slipped lower, as investors braced for a crucial April inflation report that Read more…
ECB Governing Council member Olli Rehn reiterated that a June interest rate cut is on the table, depending on the progress of inflation. Rehn referred to the April meeting where the ECB gave a “conditional Read more…
Eurozone industrial production rose 0.6% mom in March, above expectation of 0.5% mom. Industrial production decreased by -0.5% mom for intermediate goods, -0.9% mom for energy, -1.1% mom for durable consumer goods, and -2.7% mom Read more…