Consumer debt totals $15.6 trillion in 2021, a record-breaking increase
Consumers ended 2021 with record levels of debt, leading into a year in which interest rates are expected to rise substantially. Total U.S. consumer debt at the end of the year came to $15.6 trillion, a year-over-year jump of $333...
Higher Yields Start to Bite but Stocks Fight Back, Dollar Edges Up
Bond yields climb to fresh highs as inflation and tighter policy fears grip markets Equities nevertheless perk up globally but Wall Street on shaky ground Dollar regains front foot, oil prices pressured by optimism around US-Iran talks Sentiment improves despite...
Stock futures muted after S&P, Nasdaq fall to start the week
U.S. stock index futures were muted in early morning trading Tuesday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this week. Futures contracts tied to the Dow Jones...
Dollar Strengthens Mildly in Quiet Trading, Gold Recovers Further
Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger...
Bank of England Update: More Rate Hikes Incoming
Key takeaways As expected, the Bank of England (BoE) raised the Bank Rate by 25bp to 0.50% and announced the beginning of “passive QT” (ceasing reinvestments of maturing bonds) last week. A major surprise was that four out of nine...
Sequoia makes a big bet on Web3, leading $450 million investment in Polygon blockchain
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web3. The...
Market Sentiment Muted, and Dollar Holds Firm
Markets prepare for ECB Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data, this one looks to be much quieter. The market mood is suggesting that the right boxes are getting ticketed for...
Euro Extending Consolidations Despite Improving Investor Confidence, Dollar also Soft
Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed....
GBP/USD Outlook: Sterling Remains in Red for the Second Day Following Upbeat US NFP
Cable remains under pressure on Monday and probes again through 100DMA (1.3508) which contained Friday’s drop (the pair was down 0.5% for the day) as pound came under increased pressure from better than expected US jobs data which inflated dollar....
Euro Retreats ahead of Key Resistance, US CPI the Biggest Event for the Week
The markets are steady in Asia in a quiet start to the week. Euro is softening slightly, paring some of last week’s gain. Aussie and Kiwi also turn weaker on mild risk aversion. On the other hand, Dollar and Canadian...
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