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
Market Review | May 13, 2024
The Producer Price Index, which is an important gauge of wholesale-level inflation, increased by 2.1% over the 12 months leading up to March. This marks a rise from the 1.6% gain observed in February, representing its most substantial increase since April 2023. In March, consumer prices in the U.S. rose beyond expectations as consumer price index increases 0.4% in March, driven by higher costs for gasoline and rental housing. In March, U.S. retail sales surpassed expectations, with Core Retail..
On Thursday (May 9th), the higher than expected increase in initial jobless claims in the United States last week strengthened market bets that the Federal Reserve will cut interest rates later this year.
the dollar's upward momentum was abruptly halted by the release of the latest U.S. Initial Jobless Claims data, which surged to levels unseen since last November.
The highly anticipated Jay Chou Carnival World Tour Returns to Malaysia in October 2024!