Monthly Archives: June 2024
Oil Prices Bullish As Geopolitical Tension Escalates
Written on June 10, 2024 at 5:49 am, by
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its restrictive monetary policyContinue Reading
Oil Prices Bullish As Geopolitical Tension Escalates
Written on June 10, 2024 at 5:49 am, by
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its restrictive monetary policyContinue Reading
Commodity Surge As Geopolitical Tension Rise
Written on June 10, 2024 at 5:46 am, by
Market Summary The market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday’s session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday. Meanwhile, theContinue Reading
