UK Retail Sales Drop 3.2% in December, Raising Fears of a Recession
UK Retail Sales Drop 3.2% in December, Raising Fears of a Recession Harvest Global Markets : The UK economy came under increased scrutiny on Friday as it struggled with a sharp drop in retail sales, which dropped by 3.2% in December after a strong 1.4% increase in November. This number exceeded the expectations of economists, who […]
The price of oil declines due to China’s economic rebound falling short of expectations and a stronger U.S. dollar
The price of oil declines due to China’s economic rebound falling short of expectations and a stronger U.S. dollar Harvest Global Markets : On Wednesday, the price of oil experienced a decline of more than $1, attributed to China’s economic growth, which fell slightly below expectations. This raised concerns about future oil demand, especially as the […]
Dollar Loses Ground as Federal Reserve’s Cut Possibilities Rise
Dollar Loses Ground as Federal Reserve’s Cut Possibilities Rise Harvest Global Markets : The dollar ebbed on Monday as investors resuscitated their wagers of early rate cuts by the Central bank, while the yuan tumbled to a one-month low after China’s national bank shocked markets by keeping its medium-term strategy rate consistent. Contrary to market expectations, […]
Earnings Reports Deliver Varied Results; Hawkish Inflation Figures Dampen Expectations for Rate Cutsa
Earnings Reports Deliver Varied Results; Hawkish Inflation Figures Dampen Expectations for Rate Cutsa Harvest Global Markets : On Friday, US stock futures showed negative trends, experiencing declines of approximately 0.5% each across the three major averages, marking the initiation of the earnings season. In premarket trading, Delta Airlines witnessed a decline of over 5%, despite surpassing […]
Oil prices climb amid disruption in Middle East. Focus shifts on a inventory data
Oil prices climb amid disruption in Middle East. Focus shifts on a inventory data Harvest Global Markets : Oil prices advanced in Asian trade on Wednesday, extending a recent rebound as signs of supply disruptions in the Middle East persisted, while industry data pointed to another week of sharp builds in U.S. product inventories. Crude prices […]
Gold Price Dynamics and Market Sentiment amidst Dollar Weakness and Fed Rate Cut Speculations
Gold Price Dynamics and Market Sentiment amidst Dollar Weakness and Fed Rate Cut Speculations Harvest Global Markets : The Gold price (XAU/USD) shows renewed upward movement on Tuesday, rebounding from a recent three-week low near the $2,017-2,016, spot prices, range recorded the previous day. The increase in US Consumer Inflation Expectations reduces expectations that the Federal […]
US Natural Gas Futures Spike on Cold Weather Hopes
US Natural Gas Futures Spike on Cold Weather Hopes Harvest Global Markets : US natural gas futures reached a one-month high of $2.83/MMBtu in the first week of 2024, driven by increasing seasonal demand attributed to anticipated cold weather, especially in the Midwest expected between January 8-12. However, looking ahead, the Northern Hemisphere is projected to […]
US Stock Futures Edge Up Ahead Of Jobs Data
US Stock Futures Edge Up Ahead Of Jobs Data Harvest Global Markets : U.S. stock list prospects ticked up on Thursday, recuperating from an inauspicious beginning to the new year, as financial backers anticipated more monetary information for signs on the Central bank’s money related facilitating way, while Apple (NASDAQ: Following a rating downgrade, AAPL) declined. […]
Oil Bounces 1.5% In New Year after U.S. Powers Repulse Houthis In Red Ocean
Oil Bounces 1.5% In New Year after U.S. Powers Repulse Houthis In Red Ocean Harvest Global Markets : Oil costs rose in Asian exchange on Tuesday, recuperating somewhat from steep misfortunes in 2023 as U.S. powers struck back against the Iran-supported Houthi bunch in the Red Ocean, with the contention giving little indications of de acceleration. […]
Dollar Snaps Two-Year Series Of Wins On 2024 Rate Cut Wagers
Dollar Snaps Two-Year Series Of Wins On 2024 Rate Cut Wagers Harvest Global Markets : The dollar looked set on Friday to end 2023 with a misfortune, switching two straight long periods of gains, hauled by market assumptions that the U.S. Central bank could start facilitating rates as soon as next Spring. The greenback remained comprehensively […]