Eurozone inflation was finalized at 3.2% yoy in May, up from 3.0% yoy in April, while core inflation accelerated more sharply from 2.2% yoy to 2.6% yoy. The data confirm that underlying price pressures strengthened Read more…
Market Overview The crypto market capitalisation has remained steady at $2.26T since Tuesday’s close. Interestingly, such a lull is not being observed in the foreign exchange or equity markets, which refutes the notion of a Read more…
Sterling came under modest pressure after UK inflation data undershot expectations in May, but the report is unlikely to materially alter the Bank of England’s policy outlook or the broader bullish case for some GBP Read more…
Chipotle’s (CMG) biggest stock-market problem may not be burritos, menu prices or slowing comparable sales. It might be investor skepticism. Bank of America thinks the restaurant business is demonstrating a demand pattern that might be Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal After such a brutal winter, you’ve Read more…
The easing of geopolitical tensions in the Persian Gulf following the announcement of a ceasefire between the US and Iran on 14 June remains the main factor weighing on the oil market in recent days. Read more…
Key takeaways The June FOMC meeting is a communication event rather than a rate decision event. Markets fully expect rates to remain unchanged at 3.50%-3.75%, with the real focus on the dot plot, inflation forecasts, Read more…
On Wednesday, spot gold (XAUUSD) hovered near 4,342 USD per troy ounce, logging a solid gain of over 2% since the beginning of the trading week. The precious metal continues to find strong fundamental support Read more…
The US dollar remains well supported against most major currencies, although the next phase of its movement will largely depend on the outcome of the Federal Reserve meeting. Investors are adopting a cautious stance ahead Read more…
Markets The FOMC concludes its first meeting under new Chair Warsh tonight. The new policy statement is expected to drop the slightly dovish bias that was still present in April, even though it already faced Read more…