Dollar firm ahead of global inflation data
The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.
2024
Read More
Oil rises ahead of inflation data after downbeat week
Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation.
Bitcoin price today: hovers around $68k, Ether gains on spot ETF progress
Bitcoin was little changed on Monday as concerns over high interest rates persisted ahead of key U.S. inflation data due later this week, while Ether saw an extended rally on progress towards a spot exchange-traded fund.
Germany stocks higher at close of trade; DAX up 0.37%
The best performers of the session on the DAX were Porsche Automobil Holding SE (ETR:PSHG_p), which rose 2.78% or 1.35 points to trade at 49.92 at the close. Meanwhile, RWE AG ST O.N. (ETR:RWEG) added 2.55% or 0.87 points to end at 35.02 and Bayer AG NA (ETR:BAYGN) was up 2.32% or 0.64 points to 28.27 in late trade.
European stocks on track for weekly drop as rate worries resurface
European stocks lost ground on Friday, putting them on course for weekly declines, as signs of persistent U.S. price pressures and a recovering euro zone economy dashed hopes of several interest rate cuts from major central banks this year.
Dollar edges lower, but on track for hefty weekly gains
The U.S. dollar edged lower in early European trade Friday, but was still on course for its largest weekly rise in over a month on fading expectations of early Federal Reserve rate cuts.
Oil steady as investors weigh U.S. rate fears, firmer seasonal demand
Oil prices were stable on Friday as investors considered the latest comments from the U.S. Federal Reserve on interest rates amid sticky inflation, while signs of firming seasonal U.S. fuel demand lent support.
Bitcoin price today: down to $67k as rate fears offset spot Ether ETF approval
Bitcoin price fell on Friday, pulling back even further from highs hit earlier in the week as concerns over high for longer U.S. interest rates largely offset a key development in the U.S. approval of exchange-traded funds that directly track Ether.
Japan stocks lower at close of trade; Nikkei 225 down 1.27%
The best performers of the session on the Nikkei 225 were Fujikura Ltd. (TYO:5803), which rose 4.88% or 149.00 points to trade at 3,205.00 at the close. Meanwhile, Shiseido Co., Ltd. (TYO:4911) added 4.22% or 203.00 points to end at 5,018.00 and DIC Corp (TYO:4631) was up 3.82% or 121.00 points to 3,292.00 in late trade.
US weekly jobless claims fall further as labor market remains strong
The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.