EBC Daily Snapshot Jul 10, 2024

The dollar rose Wednesday after Fed Chair Powell said a rate cut won't happen until the Fed is confident inflation is heading to the 2% target.

Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Weaker US CPI sends US stocks into a tailspin

Weaker US CPI sends US stocks into a tailspin

Top US stocks fall despite the weaker CPI report. Dollar suffers but euro/dollar fails to make significant gains. Gold climbs above the $2,400 level again. Yen benefits from dollar weakness and possible intervention
XM Group | 2 days ago
Daily Global Market Update

Daily Global Market Update

The British Pound gained against the US dollar, while Bitcoin reversed its gains and closed lower. Oil prices continued to climb, and the Australian dollar saw a minor increase. Global stocks dipped after US inflation data, potentially impacting future interest rate decisions.
Moneta Markets | 2 days ago
ECB's Policy Shifts and France's Political Crossroads

ECB's Policy Shifts and France's Political Crossroads

At the ECB’s annual Sintra conference last week, there was a strong call for reassessing the aggressive quantitative easing (QE) policies of the past. Some policymakers suggested that the ECB should evaluate the benefits and drawbacks of these strategies, particularly when policy rates approach the lower bound or during periods of low inflation.
ACY Securities | 2 days ago