US dollar weakens on cooling inflation, ending its six-week rally. British pound dips after disappointing retail sales figures raise UK economic concerns.
Dollar Weakens on Easing Inflation; Sterling Dips After Retail Sales Slump Read More »
Strong bank earnings and easing inflation fueled a stock market rally, signaling a potential positive shift for the 2025 economic outlook. The S&P 500 surged nearly 2%, driven by robust financial sector performance and stabilizing inflation data.
Market Rebound: Bank Earnings and Inflation Data Fuel Stock Rally Read More »
U.S. Treasury yields fall as markets await November’s jobs report, defying earlier predictions. This drop, alongside low bond market volatility and record cash holdings, signals market caution despite strong stock performance.
US 30-year mortgage rates hit 6.72%, the highest since November, due to rising bond yields. This surge impacts affordability and may further cool the housing market, making 2024 potentially the weakest year since 1995.
US 30-Year Mortgage Rates Climb to Highest Level Since November Read More »
US stocks opened 2025 lower, with the Dow and S&P 500 shedding early gains. Tesla and Apple led declines amid company-specific news and broader economic uncertainty.
US Stock Market Opens 2025 with Losses; Tesla, Apple Decline Read More »
South African rand secures top 5 EM currency spot in 2024, outperforming peers despite a late dip. Experts predict continued strength in 2025, driven by low inflation, structural reforms, and increased investment.
South African Rand Emerges as a Top Emerging Market Currency Read More »
UK inflation falls to 2.5% in December, boosting FTSE 100 and European markets. This unexpected drop fuels optimism for potential Bank of England interest rate cuts in February.
UK Inflation Falls to 2.5%, Boosting FTSE 100 and European Markets Read More »
Mark Carney initially pushed for near-zero UK interest rates after the 2016 Brexit vote, newly released transcripts reveal. He ultimately compromised, cutting rates to a then-record low of 0.25% to maintain MPC consensus.
Mark Carney Initially Pushed for Near-Zero Rates Post-Brexit Vote Read More »
UK markets dip amid growth worries and high bond yields, while European markets see gains. Sterling fluctuates as investors await key UK inflation data impacting Bank of England decisions.
UK Market Volatility Persists Amidst Growth Concerns and Inflation Anticipation Read More »
Oil prices stabilized as markets weighed the effects of cooling US inflation on Chinese demand and potential interest rate cuts. While slightly up, both Brent and WTI saw weekly declines amid ongoing global supply and demand uncertainties.
Oil Prices Steady as Market Weighs Chinese Demand and US Interest Rate Cuts Read More »
