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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% […]

Published: Sept. 13, 2022 at 10: 11 a.m. ET President Joe Biden said in a statement Tuesday that the August data for consumer prices “show more progress in bringing global inflation down in the U.S. economy. Overall, prices have been essentially flat in our country these last two months: that is welcome news for American […]

The selloff in the consumer discretionary sector was unanimous Tuesday, as disappointing inflation data sparked fears that consumers would pull back on spending as prices keep rising, and as the Federal Reserve could trigger a recession with continued aggressive interest rate increases. The SPDR Consumer Discretionary Select Sector exchange-traded fund XLY, -3.94% dropped 3.3% in […]