News
Italy's softer April CPI strengthens case for ECB summer cut, boosting BTPs and pressuring euro
7+ hour, 50+ min ago (312+ words) Italy's EU-harmonised Consumer Price Index (CPI) rose by 1. 6% month on month in April. This was below expectations of 1. 7%. This lower-than-expected inflation figure from Italy reinforces our view that price pressures in the Eurozone are easing more quickly than anticipated. Given…...
Hot US inflation boosts Treasury yields but leaves Dollar index range-bound as Fed Chair Warsh confirmed
1+ day, 6+ hour ago (232+ words) Hot US inflation data lifted the Dollar and Treasury yields. April PPI rose 1. 4% m/m and 6. 0% y/y, after an upside surprise in CPI, with price pressures across goods and services. Despite higher yields, DXY gains were limited, suggesting markets…...
South Korea export prices surge in April, fuelling Bank of Korea rate-hike bets and won options trades
15+ hour, 50+ min ago (265+ words) South Korea's export price growth rose to 40. 8% year on year in April. This was up from 28. 7% in the previous period. The data shows a faster rate of increase in export prices in April. The change equals a rise of 12. 1 percentage…...
Dow futures eye 50, 000 as hot inflation and new Fed chair prospects lift hedging demand
18+ hour, 50+ min ago (305+ words) DJIA futures traded above 50, 000 overnight and premarket on Thursday, after the cash index slipped about 0. 1% on Wednesday. The S&P 500 and Nasdaq Composite closed at record levels on Wednesday. The Asian and European sessions held a narrow rise, with a…...
USD/CHF advances as robust US data curbs Fed cut bets and lifts Treasury yields
19+ hour, 20+ min ago (320+ words) USD/CHF rose towards 0. 7830 on Thursday, up 0. 15%, as demand for the US Dollar increased after firm US economic data. Markets reduced expectations for an early Federal Reserve easing cycle. US Retail Sales rose 0. 5% in April, matching forecasts, after a 1. 6% rise…...
UOB Sees Fed Holding Rates Until 2027 as Hotter Inflation Pushes Back Cuts - VT Markets
1+ day, 19+ min ago (17+ words) UOB now sees Fed holding rates through 2026, then cutting twice in 2027 amid persistent inflation pressures....
Kansas City Fed's Schmid flags inflation risk as markets price higher-for-longer rates - VT Markets
22+ hour, 20+ min ago (18+ words) Kansas City Fed's Schmid warns inflation remains top risk; economy resilient, spending and investment strong, banks sound....
Sterling slides towards 1. 3500 as US inflation lifts Fed hike bets, UK GDP awaited
2+ day, 4+ hour ago (450+ words) GBP/USD fell 0. 25% to near 1. 3500 in the European session on Wednesday. The move came as the US Dollar stayed firm, with the US Dollar Index (DXY) up 0. 2% to about 98. 50. CME Fed Watch odds for at least one Federal Reserve rate…...
Commerzbank warns hotter US inflation and Hormuz-linked energy costs may delay Kevin Warsh rate cuts
2+ day, 3+ hour ago (494+ words) Commerzbank reported that rising US inflation and higher energy prices may make it harder for incoming Fed Chair Kevin Warsh to deliver early interest rate cuts. It said persistent price pressures could keep the Federal Reserve on a tighter policy…...
Dollar gauge rises as hotter US inflation pushes yields up, weighing on euro, sterling and gold
2+ day, 16+ hour ago (137+ words) VT Markets A world of opportunity in every market Trade with cutting-edge technology Built for every level of expertise Trade smarter with top-performing traders Our suite of powerful, intuitive trading tools Stay ahead of market trends using AI Chart the…...