White House pressure on the Fed risks stoking inflation and hurting markets, study finds Political interference in Federal Reserve policy tends to push inflation higher and weaken risk assets, according to a study cited by T.S. Lombard economists. The research, by economist Thomas Drechsel, tracks presidential interactions with the Fed using diary records and highlights … Read more
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here fbs.mobi
The minutes of the Reserve Bank of Australia July meeting are due today, following New Zealand trade data for June. That RBA meeting was doozy! We all went in with around a 93% or so expectation in markets for a 25bp rate cut and then … nothing! On hold. AUD shot higher. From the day … Read more
Crude oil for September delivery are settling at $65.95. That’s down $0.10 on the day. The high price reached $66.44. The low price was at $65.21. Not a lot of price action in the oil complex today This article was written by Greg Michalowski at investinglive.com. fbs.mobi
The major European stock indices are closing the day with mixed results. France and Italy show declines while Germany, UK, and Spain all advanced. The UK FTSE 100 closed at a new record level of 9012.99. The indices did close at its high, but fell short of the Friday intraday high of 9016.36. The German … Read more
The earnings calendar starts to heat up this week with Alphabet releasing on Wednesday after the close . Recall after the last earnings report back on April 24, earnings beat expectations and initially moved higher but then fell sharply on reports of the search engine giant losing market share to the other AI engines. That … Read more
The US and European 10-year yields are down sharply today. A snapshot shows: Germany 2.615%, -6.3 basis points France 3.295%, -9.0 basis points UK 4.613%, -6.0 basis points Switzerland 0.423%, -5.0 basis points Spain 3.217%, -16.9 basis points Italy 3.484%, -8.0 basis points The fall in European yields come ahead of Thursday’s ECB decision and … Read more
Sector Overview: Technology Leads the Rally Today’s market has seen a robust performance from the technology sector, with significant gains made by industry giants. Microsoft (MSFT) increased by 0.28%, indicating strong investor confidence in tech infrastructure. Notably, Apple (AAPL) showed a remarkable rise of 1.54%, spearheading the gains within consumer electronics. This sector’s resilience is … Read more
The major US stock indices are opening higher. For the NASDAQ index it closed at new record levels each day last week.. Another positive day-to-day would equal another record. For the S&P index, it close marginally lower on Friday. However, if it were to close above 6297.36, it would represent a new record as well. … Read more
Prior month -0.5% PPI (IPPI) MOM 0.4% versus -0.1% estimate PPI YoY or .7% versus 1.2% last month Raw material prices MoM2.7% versus -0.7% prior (was -0.4%) Raw material prices YoY or .1% versus -3.2% last month (was -2.8%). Remember, visit investingLive.com (formerly ForexLive.com) often for additional, original views on forex, stocks, bonds, crypto and … Read more
