U.S. equity futures fell on Tuesday, thus retreating from record highs as investors expressed doubts over the longevity of the tech rally as well as the timing of the introduction of interest rate cuts by the Federal Reserve. Futures on the S&P 500 fell 0.3%, while those on the...
U.S. and European equities were largely muted on Monday as investors geared up to face a busy week of economic data, among which is the Federal Reserve's preferred inflation measure. Futures listed on the S&P 500 and Nasdaq 100 were largely unchanged, while those on the Dow Jones Industrial...
The U.S. dollar remained stable on Monday morning, thereby maintaining its gains from a fifth consecutive week of rises. The dollar index was unchanged at 104.18, having risen 0.18% the previous week. The euro rose slightly against the greenback to $1.0783 while the British pound was up 0.17% at...
The US dollar strengthened against a host of major currencies as investors geared up for the release of key inflation and retail sales data later in the week. The dollar index rose 0.1% to 104.12, while the euro fell from a 10-day high by 0.1% to $1.0771. The sterling...
European and U.S. stocks remained fairly stagnant on Tuesday as investors anxiously awaited the latest round of tech companies' earnings and the Federal Reserve's latest policy decision on Wednesday. Futures on the S&P 500 and Nasdaq 100 remained relatively unchanged early on Tuesday, while those on the Dow Jones...
Bloomberg Markets Live Pulse found that experts are largely unconfident that the Federal Reserve will introduce interest rate cuts early next year. Two-thirds of respondents to the Bloomberg survey labeled this expectation as the "most foolish" among popular trades headed into 2024.
While the S&P 500 has reached an all-time...
Dutch central bank chief Klaas Knot warned against hopes for European Central Bank interest rate cuts, explaining that the possibility of holding off is still on the table. "Markets are getting ahead of themselves," Knot commented in an interview with CNBC on Wednesday. "We are optimistic that we have...
Stocks continued to falter on Monday following a turbulent week of trading. In New York, futures on the benchmark S&P 500 remained little changed, as did those listed on the Nasdaq 100. Contracts on the Dow Jones Industrial Average slipped 0.4% lower.
Across the pond, the Stoxx Europe 600 was...
Investors are awaiting the release of the December jobs report on Friday for guidance on the trajectory that U.S. stocks may be on as 2024 trading gets underway. This comes after stocks finished 2023 on a historic winning streak lasting nine consecutive weeks. The Dow Jones Industrial Average rose...
The British pound continued to rise on Tuesday, with markets expecting it to continue rising next year, with the Bank of England expected to introduce interest rate cuts later than the Federal Reserve and the European Central Bank. At the same time, bets that the Federal Reserve would implement...