Category: hopes
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Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a second straight session on Thursday, as a weaker-than-expected reading on U.S. inflation was seen increasing the chances of a September interest rate cut by the Federal Reserve. The US government announced that the consumer price index fell. The U.S. inflation…
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Analysis-UK election brings few hopes or fears to cautious City of London By Reuters
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By Sinead Cruz and Hugh Jones LONDON (Reuters) – Britain’s financial sector has begun to embrace Labour’s pro-business initiatives and pledges of stability and support, but many in the City of London remain wary that it could be targeted to shore up Britain’s strained public finances in the future. Under…
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Solana-based HUND meme coin surges amid ETF hopes and NFT launch
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Solana-based coin HUND has seen huge gains, rising over 17% and gaining a trending spot on Google. At the time of writing, HUND’s price is still up 9%, trading at $0.00942 according to CoinMarketCap data. The crypto asset has also seen a 3.7% increase in its daily trading volume, currently…
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Solana-based HUND meme coin surges amid ETF hopes and NFT launch
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Solana-based coin HUND has seen huge gains, rising over 17% and gaining a trending spot on Google. At the time of writing, HUND’s price is still up 9%, trading at $0.00942 according to CoinMarketCap data. The crypto asset has also seen a 3.7% increase in its daily trading volume, currently…
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Wall St follows world stocks higher powered by AI, rate cut hopes By Reuters
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Written by Amanda Cooper and Mark Jones LONDON (Reuters) – Wall Street bulls continued a string of record highs for global stocks on Thursday after Europe cheered when Switzerland cut interest rates again and the Bank of England hinted it may start cutting interest rates soon as well. US traders…
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Oil dips after hitting seven-week highs on demand hopes, war jitters By Reuters
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Written by Deep Kaushik Vakil and Nia Williams (Reuters) – Oil prices fell on Wednesday after hitting a seven-week high, as summer demand optimism and concerns about escalating conflicts outweighed an industry report that said inventories had risen unexpectedly. By 1803 GMT, futures fell six cents, or 0.1%, to $85.33…
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UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
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UK wage growth remained strong in the three months to April, maintaining pressure on inflation and delaying hopes for an interest rate cut. Official figures from the Office for National Statistics (ONS) showed that nominal weekly earnings, excluding bonuses, rose by 6% in the February-April period, in line with the…
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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Stocks Rise, Dollar Dips on Hopes for Fed Easing: Markets Wrap
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(Bloomberg) — Asian stocks rose while the dollar fell on expectations of a rate cut from the Federal Reserve this year, and U.S. inflation data due this week are likely to indicate an easing of price pressure. Most read from Bloomberg Stock markets in Hong Kong, China, Australia, South Korea…
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U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
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Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
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Dow hits 40,000 for the first time on Fed rate cut hopes
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The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday as investors grew more confident that the stock market’s rally could continue on hopes that the Federal Reserve will begin cutting interest rates later this year. The oldest of Wall Street’s three major stock indexes has…
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Dow, S&P 500, Nasdaq notch record close as cooling inflation boosts rate-cut hopes By Investing.com
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Investing.com – The Dow Jones, S&P 500 and Nasdaq closed at record levels on Wednesday, as consumer inflation fell more than expected after three months of bullish surprises, raising hopes for faster interest rates and sending Treasury yields sharply lower. At 16:00 EDT (20:00 GMT), it was up 349 points,…
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Crisis in Palestinian-Run West Bank Clouds Post-War Gaza Hopes
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Breadcrumb links BMN Business The new Palestinian prime minister is a former World Bank executive and has pledged to fight corruption and waste. The Finance Minister worked for PricewaterhouseCoopers. The Ministry of Foreign Affairs is headed by a woman who holds an American doctorate and has deep experience in the…
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DB lists 7 themes keeping it ‘awake at night’ despite soft landing hopes buoying stocks
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Michael M. Santiago/Getty Images News Deutsche Bank has seven themes it said are keeping it “awake at night” although growing optimism for a soft landing for the U.S. economy has helped keep stocks move higher in recent months. The S&P 500 (SP500) (VOO) (IVV) may settle in the red for…