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The major US stock indices are opening higher with expectations of a 25 basis point cut at the next Fed meeting next Wednesday. CPI data this morning came in as expected for both the headline and the core measures. The
A snapshot of the market currently shows:
Dow industrial average up 66.91...
The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in November, after rising 0.2% m/m in each of the previous four months. On a twelve-month basis, CPI ticked up to 2.7% (from 2.6% in October). Energy prices rose 0.2% m/m, led by an uptick in prices at the pump (+0.6% m/m), while food...
The euro is slightly higher on Tuesday. In the European session, EUR/USD is trading at 1.0528, down 0.23% at the time of writing. German inflation climbs to 2.2% Germany, the largest economy in the eurozone, remains a shadow of what was once the undisputed locomotive of Europe. Economic growth...
The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in November, after rising 0.2% m/m in each of the previous four months. On a twelve-month basis, CPI ticked up to 2.7% (from 2.6% in October). Energy prices rose 0.2% m/m, led by an uptick in prices at the pump (+0.6% m/m), while food...
The euro is slightly higher on Tuesday. In the European session, EUR/USD is trading at 1.0528, down 0.23% at the time of writing. German inflation climbs to 2.2% Germany, the largest economy in the eurozone, remains a shadow of what was once the undisputed locomotive of Europe. Economic growth...
The crypto market appears to be warming up to incoming SEC commissioner Paul Atkins.
He was rumored for the pick but was nominated today and is friendly to crypto. That's helped to lift bitcoin to $98,250 from a low of $94,800 just a few hours ago.
Alt coins have been outperforming bitcoin...
The initial reaction after the US CPI data was toward a lower dollar, but we are seeing a rotation back higher. Prices are back near premarket levels currently. US stocks moved to the upside. The futures are now implying:
Dow up 86 points
S&P index of 24 points
NASDAQ index up 122 points...
This isn't quite the usual lull ahead of any US CPI report. First, we had China news helping to keep things interesting before the latest headlines on the BOJ here. It is being reported that while some policymakers might be in favour of a December rate hike, they see little need to rush things...
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Are you looking to improve your Linux skills and advance your career? Are you preparing to take the CompTIA Linux+...
Linux Preparatory Exam For Higher Certificates in Management
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SEO Guide: How to Rank Higher on Google
Learn How to Manipulate Google's Algorithm So You Can Dominate Search Rankings
What you'll learn
Understand Google's Algorithm and How It Can Be Manipulated
Perform Effective Link Building Strategies Which Will Improve Your Website's Ranking
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Quantum computing and coding are closely related as coding is an essential component of quantum computing. Quantum computers operate on the principles of quantum mechanics, which allows them to perform certain calculations faster than classical computers. However, to utilize the potential of...
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