News
A brutal third quarter in financial markets is about to come to a close and one thing is overwhelmingly clear: Inflation is the single most important factor driving financial markets right now and yet few, if any, people seem able to get it right. The reason? Professional forecasters, policy makers and traders all keep dismissing […]
Volatility across asset classes is hitting new highs this year, credit spreads are rising, and the market is trying to calm down after the threat of a financial crisis that has been brewing in the UK pension fund industry has tipped. As a result, demand for defensive assets in FX remains high and is unlikely […]
Eurozone CPI Rises Again The first glimpse at Eurozone CPI for September makes concerning news. Headline CPI was seen breaking out to further record highs at 10% on the month. This marks a further stark increase from the prior month’s 9.1% reading and come sin above estimates for a 9.7% result. Similarly, core CPI was […]
Bitcoin (BTC) swiftly climbed above $20,000 after the Sept. 30 Wall Street open as end-of-month volatility began. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin volatility back for monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in a single hourly candle to hit local highs of $20,171 on Bitstamp. The move […]
Shares of Norwegian Cruise Line Holdings Ltd. NCLH, -16.28% dove 12.3% in morning trading Friday, and were the second-worst performer in the S&P 500 SPX, -0.36%, in the wake of rival cruise operator Carnival Corp.’s CCL, -20.67% disappointing fiscal third-quarter results. Carnival’s stock was the S&P 500’s worst performer, tumbling 17.9% toward a 30-year low, […]
U.S. stocks opened lower Friday, feeling pressure after the Federal Reserve’s preferred inflation measure showed prices increased more than expected in August. The core personal-consumption price index, which strips out food and energy costs, rose 0.6% in August, compared with a forecast for a 0.5% increase. Investors were also monitoring a speech by Russian President […]