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Search resuls for: "January's U.S"


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Dollar droops as key U.S. data looms; yen firms on CPI beat
  + stars: | 2024-02-27 | by ( ) www.cnbc.com   time to read: +2 min
The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. The U.S. dollar index , which measures the currency against a basket of peers including the yen and euro, traded flat at 103.78 early in Asian time, following a 0.17% slide on Monday. U.S. durable goods data is due later on Tuesday, while January's U.S. personal consumption expenditures price index, which is the Fed's preferred measure of inflation, will be released Thursday. The dollar slipped 0.1% to 150.54 yen as a slightly hotter-than-expected reading for Japan's January consumer price index kept the BOJ on track to exit negative interest rate policy as soon as next month.
Persons: CME's, Richard Franulovich, Cryptocurrency bitcoin Organizations: Federal Reserve, Bank of Japan's, U.S, January's, New Zealand, Aussie, Traders, Reserve Bank of New, MicroStrategy Inc Locations: January's U.S, Reserve Bank of New Zealand
Gold firms in run-up to U.S. inflation reading
  + stars: | 2023-02-14 | by ( ) www.cnbc.com   time to read: +2 min
Meat bans, soaring gold prices and Britain voting to 'un–Brexit' could be on the cards for 2023, according to Saxo's Outrageous Predictions. Gold prices rose on Tuesday as the dollar retreated, with investors bracing for U.S. inflation data that could determine the Federal Reserve's next moves in its monetary policy plans. Spot gold was up 0.2% at $1,857.22 per ounce, as of 0305 GMT, after falling to its lowest since early January in the previous session. Gold is highly sensitive to rising interest rates, which lift the opportunity cost of holding the non-yielding asset. Several Fed policymakers have recently signaled that more interest rate hikes were needed to bring inflation down to its 2% target.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 2-year Treasury yield was trading at 4.485% after climbing more than 18 basis points. Chinese firm Baidu joined the bandwagon Tuesday and said its own AI chatbot, named Ernie, will complete internal testing in March. Subscribe here to get this report sent directly to your inbox each morning before markets open.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 2-year Treasury yield was trading at 4.485% after climbing more than 18 basis points. "Creative destruction" is the process by which existing practices are dismantled and replaced by new ones that increase productivity. Subscribe here to get this report sent directly to your inbox each morning before markets open.
January's U.S. jobs reports was stunningly good
  + stars: | 2023-02-06 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. An unemployment rate of 3.4% — the lowest in more than 50 years. Fed Chair Jerome Powell has indicated he's focusing on the labor market, which he described in his Wednesday post-meeting news conference as "out of balance." Investors betting on a rate pause or pivot might be forced by the Fed to find a new equilibrium too. Subscribe here to get this report sent directly to your inbox each morning before markets open.
Morning Bid: Runaway Tech arrested
  + stars: | 2023-02-03 | by ( ) www.reuters.com   time to read: +5 min
The coast may be clearing on interest rates but a spluttering economy still has the power to check runaway stock markets. Friday's release of January's U.S. employment report will provide some clues - but Big Tech gave its own readout on Thursday. Apple earnings fell short of expectations and it forecast revenue would fall for a second quarter in a row. But even though iPhone sales fell for the first time since 2020, it said sales were likely to improve as production had returned to normal in China after COVID-related shutdowns. To what extent layoffs in the tech sector are fanning out across the economy will be monitored in the payrolls report later and the Fed will be watching wage growth like a hawk.
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