Markets Await Q1 US GDP Data: Insights and Implications
Q1 GDP data is set for release on Thursday in the US, providing a crucial measure of the economy’s performance. Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific period. As a broad measure of overall...
Bank of Japan is expected to Keep Interest Rates Steady
The Bank of Japan is expected to keep interest rates steady this week and consider whether to offer clearer guidance on how it plans to reduce its huge balance sheet, in a slow but steady retreat from its massive monetary stimulus.
At the end of its two-day meeting on Friday, the BOJ is expected to keep its...
After the Bank of Canada and the European Central Bank reduced interest rates by 25 basis points, the markets are now awaiting the reaction of the US Federal Reserve. The Fed is set to announce its decision on interest rates today at 10:00 pm Dubai time. Currently, US interest rates are at their highest level in 23 years, at 5.5%.
Recent job data, which showed an...
ECB Expected to Cut Rates for the First Time Since 2019
Two years ago, the European Central Bank (ECB) was criticized for being late to the party when the world’s major central banks began raising interest rates to combat the fiercest inflation surge in a generation. But it looks like the central bank won’t be late when it comes to cutting them.
The European...
US Copper Futures Soar to Record Highs
• Copper futures hit a new all-time high
• Renewable energy, electric cars, and AI bolster copper’s demand outlook
• The outlook for copper looks promising
Copper futures hit a new all-time high
Copper soared to a new record high, continuing a months-long rally fueled by financial investors who have entered the market...
Investors await the Fed’s meeting minutes tonight at 22:00 (Dubai time). The minutes are expected to indicate the Fed’s reasoning for its higher-for-longer stance on interest rates, which are currently at a 20-year high within the range of 5.25%-5.50%.
Markets will also be searching for signals that may clarify when the Fed will begin rate-cutting, especially...
