The post European Stocks Rises as Gold Hits Fresh Record appeared first on theprimarymarket.com.
]]>Futures on the Euro Stoxx 50 rose 0.7%, while in the United States, futures remained relatively static, with futures listed on the S&P 500 and Nasdaq 100 remaining unchanged. Nikkei futures rose by 0.3%, while Hong Kong’s Hang Seng slumped by 1.6%. The Shanghai Composite edged 0.2% higher.
Gold rose by 0.7% to hit a record value of $2,389.34 an ounce. As supply uncertainty rises due to Middle East tensions, with West Texas Intermediate crude rising by 0.8% to $85.69 per barrel. In cryptocurrencies, Bitcoin rose 0.6% to $70,940.49 while Ether was up 0.5% to $3,543.65.
The post European Stocks Rises as Gold Hits Fresh Record appeared first on theprimarymarket.com.
]]>The post European Futures Rise, Oil Down as Markets Wrap appeared first on theprimarymarket.com.
]]>Oil prices ended the week lower as West Texas Intermediate remained little changed on Friday morning. This comes as the commodity enters a bear market amid supply shortages.
Investors have turned their focus to the euro zone’s inbound consumer prices later in the day. European Central Bank President Christine Lagarde is also slated to speak, as are US counterparts Chicago Fed President Austan Goolsbee, Boston Fed President Susan Collins, and San Francisco Fed President Mary Daly.
The post European Futures Rise, Oil Down as Markets Wrap appeared first on theprimarymarket.com.
]]>The post Stocks Fall, Dollar Advances Amid Fed Rate Uncertainty appeared first on theprimarymarket.com.
]]>In Europe, futures on the Euro Stoxx 50 declined by 0.4% while in Asia, Hong Kong’s Hang Seng index dropped by 1.2% as did Japan’s Topix index. In contrast, China’s mainland Shanghai Composite gained 0.2%.
The US dollar showed signs of strengthening, with the Bloomberg Spot Dollar Index rising 0.2%. The British pound slipped 0.1% to $1.2326 as did the euro, to $1.0706. The Japanese yen fell 0.2% to 150.36 per dollar while the offshore yuan remained little changed.
The post Stocks Fall, Dollar Advances Amid Fed Rate Uncertainty appeared first on theprimarymarket.com.
]]>The post European Stocks Waver Amid Banking Sector Turmoil appeared first on theprimarymarket.com.
]]>Futures on the Euro Stoxx 50 declined by approximately 0.7%, contrasting with U.S. stocks. Contracts on the Nasdaq 100 and S&P 500 increased by 0.1% and 0.2% respectively. Asian stocks also took a downward turn, with Hong Kong’s Hang Seng Index sinking by 0.9% and China’s Shanghai Composite Index falling by 0.7%. Japan’s Nikkei edged 0.1% lower.
In addition to the ongoing banking crisis, investors also express concerns over the possibility of an incoming recession. “We think that recession is a very likely prospect and that may very well turn the tables and see the Fed take a much more cautious approach, perhaps at the end of the year, opening the way for a rate cut,” Sue Trinh, co-head of global macro strategy at Manulife Investment Management explained.
While Trinh acknowledged the possibility of the Federal Reserve cutting interest rates, she confirmed her belief that it may take long before such cuts are implemented.
The post European Stocks Waver Amid Banking Sector Turmoil appeared first on theprimarymarket.com.
]]>The post European Stocks Rises as Gold Hits Fresh Record appeared first on theprimarymarket.com.
]]>Futures on the Euro Stoxx 50 rose 0.7%, while in the United States, futures remained relatively static, with futures listed on the S&P 500 and Nasdaq 100 remaining unchanged. Nikkei futures rose by 0.3%, while Hong Kong’s Hang Seng slumped by 1.6%. The Shanghai Composite edged 0.2% higher.
Gold rose by 0.7% to hit a record value of $2,389.34 an ounce. As supply uncertainty rises due to Middle East tensions, with West Texas Intermediate crude rising by 0.8% to $85.69 per barrel. In cryptocurrencies, Bitcoin rose 0.6% to $70,940.49 while Ether was up 0.5% to $3,543.65.
The post European Stocks Rises as Gold Hits Fresh Record appeared first on theprimarymarket.com.
]]>The post European Futures Rise, Oil Down as Markets Wrap appeared first on theprimarymarket.com.
]]>Oil prices ended the week lower as West Texas Intermediate remained little changed on Friday morning. This comes as the commodity enters a bear market amid supply shortages.
Investors have turned their focus to the euro zone’s inbound consumer prices later in the day. European Central Bank President Christine Lagarde is also slated to speak, as are US counterparts Chicago Fed President Austan Goolsbee, Boston Fed President Susan Collins, and San Francisco Fed President Mary Daly.
The post European Futures Rise, Oil Down as Markets Wrap appeared first on theprimarymarket.com.
]]>The post Stocks Fall, Dollar Advances Amid Fed Rate Uncertainty appeared first on theprimarymarket.com.
]]>In Europe, futures on the Euro Stoxx 50 declined by 0.4% while in Asia, Hong Kong’s Hang Seng index dropped by 1.2% as did Japan’s Topix index. In contrast, China’s mainland Shanghai Composite gained 0.2%.
The US dollar showed signs of strengthening, with the Bloomberg Spot Dollar Index rising 0.2%. The British pound slipped 0.1% to $1.2326 as did the euro, to $1.0706. The Japanese yen fell 0.2% to 150.36 per dollar while the offshore yuan remained little changed.
The post Stocks Fall, Dollar Advances Amid Fed Rate Uncertainty appeared first on theprimarymarket.com.
]]>The post European Stocks Waver Amid Banking Sector Turmoil appeared first on theprimarymarket.com.
]]>Futures on the Euro Stoxx 50 declined by approximately 0.7%, contrasting with U.S. stocks. Contracts on the Nasdaq 100 and S&P 500 increased by 0.1% and 0.2% respectively. Asian stocks also took a downward turn, with Hong Kong’s Hang Seng Index sinking by 0.9% and China’s Shanghai Composite Index falling by 0.7%. Japan’s Nikkei edged 0.1% lower.
In addition to the ongoing banking crisis, investors also express concerns over the possibility of an incoming recession. “We think that recession is a very likely prospect and that may very well turn the tables and see the Fed take a much more cautious approach, perhaps at the end of the year, opening the way for a rate cut,” Sue Trinh, co-head of global macro strategy at Manulife Investment Management explained.
While Trinh acknowledged the possibility of the Federal Reserve cutting interest rates, she confirmed her belief that it may take long before such cuts are implemented.
The post European Stocks Waver Amid Banking Sector Turmoil appeared first on theprimarymarket.com.
]]>