Yearly Archives: 2024
Market Weigh the Odds, CPI To Tip the Scales?
Written on September 6, 2024 at 2:09 am, by pumarketings
Tuesday, 10 September 2024, 08:00 – German CPI (YoY) (Aug) The German Consumer Price Index (CPI) preliminary data released on August 29, 2024, showing a year-over-year increase of 1.9%. This figure was below both the forecast of 2.1% and the previous month’s 2.3%. The decline in inflation is largely attributed to weaker economic activity, reducedContinue Reading
Dollar Eases Ahead of Key U.S. Job data
Written on September 5, 2024 at 5:34 am, by pumarketings
Market Summary The U.S. dollar lost strength after reaching a two-week high in the Dollar Index (DXY). The release of the Fed’s Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar’s momentum, as traders nowContinue Reading
Wall Street Plummet on Poor PMI Reading
Written on September 4, 2024 at 5:21 am, by pumarketings
Market Summary Wall Street experienced a significant single-day sell-off yesterday, with the Nasdaq leading the decline, dropping more than 3%. Nvidia, a key player in the AI sector, saw a massive $279 billion loss in market value as its share price plunged by 9.5%. This sell-off was fueled by a softening market optimism after theContinue Reading
