On Wall Street in the week ahead, the spotlight will be on the minutes of the Federal Reserve’s last monetary policy meeting and first quarter earnings from the chip giant Nvidia. Both the events are scheduled for Wednesday. In other economic developments, investors will closely watch for Fed chair Jerome […]
crude oil
Oil futures edged up on Thursday on a stabilizing U.S. job market and slower-than-expected inflation data, which increased expectations that the Federal Reserve would begin to cut interest rates in the fall. Brent crude futures were up 32 cents at $83.07 a barrel by 1:00 p.m. EDT (1700 GMT). U.S. […]
US stocks were mixed on Thursday, a day after inflation-driven momentum cooled off. On Wednesday, the Dow Jones, S&P 500 and Nasdaq rose to record highs after data showed consumer prices eased in April in the US. At 09:54 a.m. ET, the Dow Jones Industrial Average rose 0.76 points to […]
Oil prices rebound from 2-month low on bullish US macro data against weak IEA forecast Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and […]
US stocks surged on Wednesday, after consumer inflation eased slightly last month. The annual Consumer Price Index (CPI) came in at 3.4 per cent in April, down 0.1 percentage point from March, the Labor Department said in a statement. The April inflation data has bolstered hopes of interest rate cuts […]
US stock indices edged higher on Tuesday after stronger-than-expected producer prices inflation and ahead of Federal Reserve Chair Jerome Powell’s speech later in the day. A report showed that US producer prices (Producer Price Index) rose more than expected in April amid strong gains in the costs of services and […]
Oil prices climbed higher on Friday, extending their upward trajectory fueled by positive indicators of economic improvement in China. Additionally, the ongoing negotiations to ease tensions between Israel and Hamas, which have so far yielded no results, contributed to the bullish sentiment in the market. Brent futures rose 37 cents, […]
Wall Street: US stocks rose on Monday, following last week’s gains, with investors awaiting inflation data this week. The inflation data – Consumer Price Index (CPI) – is due on Wednesday. On the same day, the US retail sales data will also be released. Both, inflation and retail sales data have […]
Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail […]
US stock indices edged lower on Wednesday as Treasury yields rebounded on worries about the Federal Reserve’s monetary easing plans. At 09:38 a.m. ET, the Dow Jones Industrial Average fell 7.11 points, or 0.02 per cent, to 38,877.15, the S&P 500 lost 16.17 points, or 0.31 per cent, to 5,171.53 and […]