January 14, 2024

Crude prices experienced a notable upswing driven by heightened concerns over potential disruptions to the oil supply chain, following the vow of fierce retaliation by Yemen’s Houthi rebels against recent US and UK airstrikes. Additional strikes occurred over the weekend, intensifying market anxieties. US West Texas Intermediate (WTI) crude saw a significant uptick, rising by […]

U.S. markets observed a trading holiday on Monday due to the Martin Luther King public holiday, leading investors to exercise caution on Friday. Additionally, another round of air raids on Houthi rebels in Yemen by the U.S. over the weekend, although occurring when oil markets were closed, is expected to reverberate through global dealings outside

This week, we’ll witness key events, including US consumer spending and China’s release of its 2023 GDP data. In Australia, market attention will focus on job data, while Princess Mary’s ascent to Queen of Denmark holds more significance for Australians than the Davos talkfest. Market concerns persist over inflation and the Fed pivot, with a

The Dow Jones industrial Average slipped Friday as traders parsed through the first batch of fourth-quarter earnings and digested the second in a pair of closely watched inflation reports this week. The 30-stock Dow lost 118.04 points, or 0.31 per cent, to close at 37,592.98. The S&P 500 ended the day 0.08 per cent higher

The first significant earnings report cards from the end of 2023 for four of America’s six biggest banks mirrored the economy itself—resilient in places, weak in others, and marked by a big red warning flag. JPMorgan, Bank of America, Wells Fargo, and troubled Citi, confirming 20,000 job cuts, revealed their December 2023 reports. The quartet