Inflation traders are preparing for a modest increase in the annual headline rate of the consumer price report for December. While this blip is not expected to have a significant impact on the overall trajectory of price gains this year, market indicators suggest a slight uptick. Derivatives-like instruments, known as fixings, are currently trading at levels that imply … [Read more...] about Inflation Traders Anticipate Slight Rise in Consumer Price Report
Bond Yields Decline Ahead of U.S. Inflation Data
As traders await important U.S. inflation data on the horizon, bond yields experienced a decrease early Wednesday. Key Highlights The yield on the 2-year Treasury (BX:TMUBMUSD02Y) dropped by 2.5 basis points to 4.342%. It's crucial to note that yields move inversely to prices. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) fell by 2.9 basis points, reaching … [Read more...] about Bond Yields Decline Ahead of U.S. Inflation Data
Big Oil Poised for Rebound in 2024, Says Analyst
Oil prices and stocks have taken a hit in recent months, but one analyst predicts a rebound in 2024. Peter Low of Redburn Atlantic highlights three companies, Shell, BP, and Exxon Mobil, as potential winners that could deliver a 20% or higher return for shareholders. The Outlook for Shell, BP, and Exxon Mobil Low had already rated Shell as a Buy, but he recently upgraded his … [Read more...] about Big Oil Poised for Rebound in 2024, Says Analyst
The Latest Inflation Reading Disappoints Hopeful Investors
The latest inflation reading is set to disappoint investors looking for evidence that the Federal Reserve will start cutting interest rates as early as March. Inflation on the Rise Despite the recent plummet in gasoline prices, Thursday’s Consumer Price Index report is expected to show headline inflation rose 3.2% year over year in December, according to economists surveyed by … [Read more...] about The Latest Inflation Reading Disappoints Hopeful Investors
Bitcoin ETF Approval Sparks Market Volatility
Bitcoin and other cryptocurrencies experienced a surge followed by a retracement in value on Thursday after the Securities and Exchange Commission (SEC) gave approval for the first spot Bitcoin exchange-traded funds (ETFs). While the crypto community hailed this move as an endorsement, the price action indicated a "buy the rumor, sell the news" pattern unfolding. Over the past … [Read more...] about Bitcoin ETF Approval Sparks Market Volatility
