Market Overview
Oil fell to the lowest level of the year. Stock indices are under pressure from weak economic data
2024.09.04
WTI crude oil prices fell more than 4% below $71/bbl on Tuesday, the lowest since early January, as weak demand amplified the impact of relatively ample supply.
Read more
Natural gas rises amid rising demand. The manufacturing sector in Australia and China shows a decline
2024.09.03
The Australian dollar fell as low as $0.675, hitting a more than one-week low, as lower iron ore and other commodity prices pressured the currency as the country's economy relies heavily on commodity...
Read more
The US economy is likely headed for a soft landing. Oil prices are falling due to OPEC production increase
2024.09.02
WTI crude oil prices fell to $73 a barrel on Monday, extending a decline of more than 3% from the previous session, as the market was impacted by OPEC's plan to increase production next quarter.
Read more
Week's main events Week's main events (September 02 – September 06)
2024.09.02
This week, the main focus will be the US labor market data, the BoC meeting, as well as the Manufacturing PMI
Read more
Wage growth in the Eurozone is slowing. US GDP growth did not help the broad market to close in plus
2024.08.30
The US real gross domestic product (GDP) rose by 3.0% year-over-year in the second quarter of 2024, up from 2.8% in the initial estimate and 1.4% in the first quarter.
Read more
Nvidia's good report did not impress investors. The Bank of Japan intends to keep raising rates
2024.08.29
Deputy Governor Ryozo Himino said the Bank of Japan will raise interest rates as long as inflation moves in line with the bank's prognoses, signaling the Central Bank's unchanged stance despite the tu...
Read more
Australia's inflation is falling at a slower pace than RBA expected. ECB may cut rates at the next two meetings
2024.08.28
The European Central Bank may gradually cut interest rates if inflation continues to fall, but more data is needed to decide on a September cut, Dutch policymaker Klaas Knot said Tuesday.
Read more
Oil prices jumped amid increased geopolitical risk in the Middle East. Investors focus on the Australian inflation data
2024.08.27
WTI crude oil prices rose more than 3% on Monday, surpassing the $77 a barrel mark, marking the third straight session of gains on concerns about supply risk amid escalating tensions in the Middle Eas...
Read more
Powell's dovish comments support indices' growth. Silver rises after gold
2024.08.26
Speaking at the Fed's annual symposium at Jackson Hole on Friday, Fed Chairman Jerome Powell recognized recent progress on inflation and said that "the time has come for policy adjustments."
Read more
Week's main events Week's main events (August 26 – August 30)
2024.08.26
This week, the main focus will be the inflation data in Europe, Australia, and the United States
Read more
