The Governing Council today decided to keep the three key ECB interest rates unchanged. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. According to Read more…
Moderna (MRNA) – Get Free Report shares surged Thursday after the biotech and Merck (MRK) – Get Free Report reported encouraging results from an experimental skin cancer vaccine. Shares of the Cambridge, Mass., company at last check Read more…
With the end of the year upon us, financial market experts are offering a raft of recommendations for 2024. Morningstar has put together a list of more than 100 of the best companies to own. Read more…
Gold extended recovery on Thursday, following 2.4% rally on Wednesday (the biggest one-day gains since Oct 13), sparked by dovish Fed. Strong bounce is forming reversal pattern on daily chart and generates initial signal of Read more…
BoE kept Bank Rate unchanged at 5.25%, aligning with market expectations. The decision was not unanimous, with a 6-3 vote where Megan Greene, Jonathan Haskel, and Catherine Mann favored a 25 bps hike to 5.50%. Read more…
Check back for live updates throughout the trading day. U.S. equity futures were climbing Thursday one day after the Dow Jones Industrial Average closed at a record as the Federal Reserve indicated that it could Read more…
Monetary Policy Summary, December 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its Read more…
US 500 index posts 5-day bullish rally Technical oscillators look overbought The US 500 index (cash) stormed higher after validating the previous high of 4,607. Although, the price jumped to its highest level since January 2022 at Read more…
Bank of England expected to pause Federal Reserve projects three rate cuts in 2024 The British pound continues to move higher on Thursday. In the European session, GBP/USD is trading at 1.2648, up 0.24%. The Read more…
The Euro stands at the front foot on Thursday, supported by weaker dollar, which got under increased pressure after the Fed signaled and end of a tightening cycle and rate cuts in 2024. Extended recovery Read more…