Global News

Oil prices find support after a losing week, as markets brace for the upcoming OPEC+ meeting where members are expected to decide the fate of their supply cuts

HKG33 posted its first losing week in more than a month, weighed by geopolitical jitters, while Xiaomi’s strong results did not help either

The commodity started the year with steep decline, but moves to 2024 profits with a two-month relief rally, fueled by improving supply-demand equilibrium that can drive further upside

Price pressures eased substantially and close to the central bank’s 2% target, but were hotter than anticipated, sustaining uncertainty around the timing of the first rate cut

Canadian CPI moderated according to today’s data, helping the pair’s bounce from critical support levels, as it strengthens the case for a BoC pivot

The tech heavy index sets new highs this week, as markets gear up for Wednesday quarterly results of Nvidia, the enabler and main beneficiary of the AI boom

HKG33 extended its gains helped by Beijing measures to prop the critical real estate market and mostly strong results by Alibaba, JD and Baidu

CPI ticked lower according to Wednesday data, which sent the index to new all-time highs, as markets reinforced pricing for two Fed cuts this year

The pair rebounds after the pullback from its four-decade highs and the speculated FX intervention, with investors now looking forward to Wednesday’s US CPI inflation

The central bank made another step towards lowering rates on Thursday, sending the stock market to new record highs, while today’s data showed the economy exited its recession

The BoE kept rates at 5.25% again, but one more member voted to cut and inflation forecasts were lowered, while Governor Bailey did not embrace nor rule out a June pivot