Latest Market News

More Wall Street economists now see the Federal Reserve moving interest rates higher than they previously expected in the wake of the “ugly” August consumer price inflation data. Economists at TD Securities said they now expect the Fed to raise its benchmark rate by 75 basis points next week and in November, followed by a […]

Pimco economists Tiffany Wilding and Allison Boxer, joining their counterparts at Jefferies, said August’s consumer-price index report points in favor of a fed funds rate target that should end up higher than where many expected. They said they expect the Federal Reserve’s forecasts to be adjusted up to a 4.5% terminal fed funds rate next […]

The dollar retreat eased pressure on oil prices as Brent price flirted with $95/bbl level on Monday. Despite the bounce and momentum that may drive prices higher, there are clear bearish risks for the market. The key among these is China’s “Zero Covid” policy, which has been creating demand shocks, driving up price volatility. The […]

UK Wages Rise As Unemployment Falls The latest UK labour market data released today has further increased expectations of aggressive tightening action from the BOE. The unemployment rate was seen falling back to 3.6% in the three months to July, marking the lowest level of unemployment in the UK in almost 50 years. Additionally, wages […]

The CBOE Volatility Index, otherwise known as the VIX, or Wall Street’s “fear gauge”, surged Tuesday morning as U.S. stocks plunged in the wake of a “game-changing” August inflation report. The VIX, which is derived from movements in near-dated S&P 500 options, was up nearly 9% on the session at 26 VIX, +7.71% as U.S. […]

Of the 65 components in the top 3 Dow Jones indexes, all were trading lower in the wake of disappointing consumer inflation data. The Dow Jones Industrial Average DJIA, -2.65%, which is down 730 points, or 2.3%, was seeing all 30 components lose ground, led by the 3.8% drop in Nike Inc.’s stock NKE, -4.60% […]