In March, Canada's consumer price index increased by 0.6% compared to the previous month, surpassing the 0.3% growth seen earlier. In April, the Reserve Bank of New Zealand opted to maintain its official cash rate at 5.5 percent for the sixth consecutive meeting, emphasizing the ongoing need to address inflation fully. In March, the UK Consumer Price Index registered a slower-than-anticipated increase, reaching 3.2% in annual terms, down from the 3.4% rise observed in February. In March, UK...
euro traders are awaiting today's CPI reading to gauge the euro's price movement.
Market Review | May 17, 2024
The United States released the Consumer Price Index (CPI) data for April. The unadjusted CPI for April recorded an annual rate of 3.4%, slightly lower than the previous month's 3.5%, in line with market expectations. The core CPI for April fell to 0.3%, the lowest since December last year. Meanwhile, April's retail sales unexpectedly remained flat at 0%, below market expectations of 0.4%.
Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.
Market Review | May 16, 2024
The United States is scheduled to release crucial CPI inflation data today, which is expected to cause volatility in US Treasury options. Traders are likely preparing for the possibility of rising Treasury prices and significant yield declines.
On Tuesday (May 14th), due to the unexpected April PPI data from the United States, the US dollar index briefly hit an intraday high of 105.47
gold prices rebounded strongly on the back of the softening U.S. dollar, while oil prices remained steady.
Market Review | May 15, 2024
Market Review | May 15, 2024
Market Review | May 15, 2024
Wall Street opened cautiously as traders focused on the imminent release of crucial CPI inflation data, leading to slight fluctuations in the US stock market, bond market, and the dollar ahead of the CPI data release.
EBC Financial Group (EBC) recently joined supporters and partners of United to Beat Malaria, a campaign by the United Nations Foundation (UNF), in its Move Against Malaria 5K 2024 virtual event. This initiative united people globally to raise awareness and funds by emphasizing the urgent need for effective malaria treatment tools and programs.
In the most recent trading session, asset classes remained largely unchanged as markets awaited key U.S. inflation data. The Producer Price Index (PPI) is set for release today, followed by the Consumer Price Index (CPI) tomorrow.
David Barrett, CEO of EBC Financial Group, talks about the significance of the Berkshire Hathaway Annual Shareholders Meeting in an interview with Yicai Global.
EBC Financial Group was voted as “Most Efficient Broker” through its operational excellence and client-centric service by the trading community
Market Review | May 14, 2024
Japanese authorities reduced their bond purchases in regular operations in response to the significant depreciation of the yen.
In order to meet the diversified needs of investors, AUS GLOBAL officially announces the launch of the AUS GLOBAL Social Trading community, which provides customers with a more efficient