Oil held onto the previous day’s drop as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook. West Texas Intermediate traded near $89 a barrel after declining by 2.2% in the previous session. A global rout in sovereign bonds and shares extended into Tuesday, while the dollar strengthened as traders digested messaging that the Federal Reserve will need to…
The Dow Jones Industrial Average kept its rally going Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4% and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing. The Dow was up 165 points, or 0.4%. The…
Nov 22 2024, 02:14 Presiden Federal Reserve Chicago Austan Goolsbee pada hari Kamis menegaskan kembali dukungannya untuk pemotongan suku bunga lebih lanjut dan keterbukaannya untuk melakukannya dengan lebih lambat, pernyataan yang menggarisbawahi perdebatan bank sentral AS bahwa ini bukan tentang apakah, tetapi seberapa cepat dan seberapa jauh, biaya pinjaman harus diturunkan. Beberapa pembuat kebijakan The…
Feb 21 2025, 04:08 US stocks slumped on Thursday after Walmart’s disappointing outlook raised concerns about economic growth. The S&P 500 and Nasdaq 100 retreated from record highs, down 0.4% and 0.5%, respectively, while the Dow Jones Industrial Average dropped 450 points, weighing on Walmart’s shares. Despite beating earnings expectations, Walmart’s cautious fiscal 2026 guidance…
Oil was steady near a six-week low as traders waited for fresh clues on market balances, including the outlook for US stockpiles. Global benchmark Brent held above $82 a barrel after shedding more than 3% over the previous two sessions, while West Texas Intermediate was near $78. The drop came amid sales by algorithmic traders, and as…
Silver prices are currently holding steady around US$62/ounce after a wild week last week: briefly setting a record, then being hit by profit-taking. Spot price data shows XAG/USD hovering around US$62 within a narrow daily range, indicating the market is awaiting a new trigger. From a macro perspective, the most “lifting” factor for silver right…
