Why US election should be dollar positive: Citi
Citi strategists on Thursday reiterated their view that the U.S. election is “US dollar positive,” while acknowledging other factors that could make an impact in the coming months,...
Citi strategists on Thursday reiterated their view that the U.S. election is “US dollar positive,” while acknowledging other factors that could make an impact in the coming months,...
These two ETFs have similar investment styles, but there are some key differences.
-- Gold prices fell slightly in Asian trade on Friday, but remained close to record highs as markets awaited more cues on interest rates from key U.S. inflation data due later in the day.
-- Most Asian currencies kept to a tight range on Friday as the dollar held recent gains in anticipation of key inflation data that is likely to factor into the...
-- Most Asian currencies kept to a tight range on Friday as the dollar held recent gains in anticipation of key inflation data that is likely to factor into the outlook for interest rates.
-- Australian retail sales were unexpectedly flat in July as consumer spending cooled amid persistent pressure from sticky inflation and high interest rates, although...
-- Consumer price index inflation in Japan’s capital grew more than expected in August as stronger wages spurred further improvements in private spending, potentially...
– Russia stocks were higher after the close on Thursday, as gains in the Oil&Gas, Telecoms and Manufacturing sectors led shares higher.
US mortgage rates have fallen to a 15-month low, according to the latest data from Freddie Mac. The 30-year fixed rate mortgage has dropped to 6.35%, its lowest reading since May 2023. Market Domination anchors Josh Lipton and Madison Mills comment on whether sliding mortgage rates can inspire homebuying activity as the Federal Reserve plans to cut interest rates in September. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
The Dow Jones Industrial Average (^DJI) closed Thursday's session at a new record high, while the tech-heavy Nasdaq Composite (^IXIC) and S&P 500 ^GSPC) slipped slightly into negative territory after Nvidia's (NVDA) second quarter earnings beat that failed to impress Wall Street investors. Yahoo Finance markets and data editor Jared Blikre joins Josh Lipton on Asking for a Trend to highlight the biggest themes from the trading, including this week's gains in cyclical sectors, patterns pointing to a reversal in the US dollar, and market volatility (^VIX) seen in August trading. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.