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July data reveals a rebound in euro area economic sentiment, with consumer confidence and economic confidence readings improving. However, challenges remain due to geopolitical tensions and rising energy prices.
Read storySpain's preliminary Consumer Price Index (CPI) for July shows an increase of 3.5% year-on-year, surpassing expectations and marking the sixth consecutive monthly rise. Core inflation is also projected to rise, raising concerns about potential impacts on monetary policy.
As the Nasdaq-100 approaches record highs, a significant number of prominent growth stocks are still over 50% below their all-time highs. This disparity highlights the complexity of investing in a market where a stock's decline does not necessarily indicate a bargain. Investors must differentiate between cyclical declines and those that indicate deeper structural issues within companies.
The EUR/USD currency pair is consolidating around the key resistance level of 1.14 as traders prepare for the Federal Open Market Committee (FOMC) meeting. The US dollar has remained rangebound due to hedging activities and escalating tensions in the Middle East, particularly involving Iran. The Fed is expected to maintain its current interest rate range, with potential surprises hinging on dissenting votes from committee members.
Oil prices may fall, but gasoline prices won’t. Look at the trap we’re in.. The Iran war isn’t causing your energy bill to soar. Blame Wall Street for that.
Japan core inflation estimated at 2.7% in June, similar to May - BOJ data. Japan June core CPI +2.7% y/y Prior +2.7% Japan June core-core CPI +2.0% y/y Prior +2.1% Just be wary though that in the case of the BOJ data set here, the core CPI
FOMC preview: Realized volatility to come. The FOMC stakes are higher in the Kevin Warsh era. The new Fed chairman has changed the game in a way that will undoubtedly make markets more lively. The past two Fed chairs did everything they cou
Nucor beats estimates, but shares shrug it off. Nucor (NYSE: NUE) just delivered the kind of quarter that validates the entire domestic-steel thesis, and it did it with numbers that weren't close to what the Street was modeling. The after-h
Trump: I am not giving much time to negotiations – either it will move quickly or won't happen at all.. N12 News is reporting on comments from Pres. Trump: We are having deep talks with Iran. I am not going to take much time to negotiate, e
