Yearly Archives: 2024
Oil Prices Surge on Heightened Geopolitical Tension
Written on October 11, 2024 at 5:40 am, by pumarketings
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to globalContinue Reading
USD Stays Strong: Can Next Week’s Data Fuel More Gains
Written on October 11, 2024 at 2:52 am, by pumarketings
Tuesday, 15 October 2024, 14:30 – Canada CPI (YoY)(Sep) The latest release of Canada’s Consumer Price Index (CPI) for August 2024 showed a year-over-year increase of 2.0%, down from the previous 2.5% in July. The figures landing on the Bank of Canada’s target for the first time since 2021, leaving the door open for moreContinue Reading
Wall Street Bullish on Tech Rally
Written on October 10, 2024 at 5:45 am, by pumarketings
Market Summary The Chinese equity market faced strong selling pressure in the last session due to disappointing economic data, while Wall Street reached another all-time high, driven by a fresh tech rally led by companies like Apple Inc, Amazon, and Netflix. However, traders should closely monitor today’s CPI reading, as a higher-than-expected result could placeContinue Reading
