Oil Prices Set for Second Consecutive Annual Decline in 2024
Oil prices are set to fall for a second year in 2024, despite a slight uptick on Tuesday, due to weak Chinese demand, rising global supply, and the delayed increase in OPEC output; Brent crude is down 3.4% year-on-year, while WTI is down 0.4%.
Oil Prices Set for Second Consecutive Annual Decline in 2024
Oil prices are set to fall for a second year in 2024, despite a slight uptick on Tuesday, due to weak Chinese demand, rising global supply, and the delayed increase in OPEC output; Brent crude is down 3.4% year-on-year, while WTI is down 0.4%.
Progress
32% Bias Score
China to Prioritize Monetary Easing to Boost Domestic Demand in 2025
China's central bank will prioritize monetary easing to boost domestic demand in 2025, potentially cutting interest rates by 0.5 percentage points and reserve requirement ratios by 0.5 to 1 percentage point, despite expecting moderate yuan depreciation against the US dollar in the first half of the ...
China to Prioritize Monetary Easing to Boost Domestic Demand in 2025
China's central bank will prioritize monetary easing to boost domestic demand in 2025, potentially cutting interest rates by 0.5 percentage points and reserve requirement ratios by 0.5 to 1 percentage point, despite expecting moderate yuan depreciation against the US dollar in the first half of the ...
Progress
32% Bias Score
Dollar Gains on Higher Yields and Averted Shutdown
The US dollar index (DXY00) rose 0.20% on Tuesday, supported by higher US interest rates and the averted US government shutdown, while EUR/USD fell 0.14%, and USD/JPY rose 0.09%; gold and silver prices also increased amid geopolitical risks.
Dollar Gains on Higher Yields and Averted Shutdown
The US dollar index (DXY00) rose 0.20% on Tuesday, supported by higher US interest rates and the averted US government shutdown, while EUR/USD fell 0.14%, and USD/JPY rose 0.09%; gold and silver prices also increased amid geopolitical risks.
Progress
36% Bias Score
US Stocks Rise After Shutdown Averted, Inflation Eases Concerns
U.S. stock index futures rose on Monday following Congress's passage of a spending bill that averted a government shutdown and a positive inflation report that reduced concerns about interest rate hikes; the Dow E-minis rose 0.07%, the S&P 500 E-minis rose 0.26%, and the Nasdaq 100 E-minis rose 0.45...
US Stocks Rise After Shutdown Averted, Inflation Eases Concerns
U.S. stock index futures rose on Monday following Congress's passage of a spending bill that averted a government shutdown and a positive inflation report that reduced concerns about interest rate hikes; the Dow E-minis rose 0.07%, the S&P 500 E-minis rose 0.26%, and the Nasdaq 100 E-minis rose 0.45...
Progress
44% Bias Score
Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook
The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...
Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook
The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...
Progress
48% Bias Score
Fed's Rate Projection Shakes Global Markets
The Federal Reserve's projection of fewer rate cuts in 2025 triggered market turmoil, strengthening the dollar and potentially influencing global central banks; markets reacted with mixed results, while a potential US government shutdown looms.
Fed's Rate Projection Shakes Global Markets
The Federal Reserve's projection of fewer rate cuts in 2025 triggered market turmoil, strengthening the dollar and potentially influencing global central banks; markets reacted with mixed results, while a potential US government shutdown looms.
Progress
52% Bias Score
Natural Gas Prices Surge 20% on Frigid Forecast
A frigid forecast sent natural gas prices soaring by as much as 20% on Monday, impacting power prices and various energy stocks as Gazprom prepares to cut supplies to Moldova starting Wednesday.
Natural Gas Prices Surge 20% on Frigid Forecast
A frigid forecast sent natural gas prices soaring by as much as 20% on Monday, impacting power prices and various energy stocks as Gazprom prepares to cut supplies to Moldova starting Wednesday.
Progress
40% Bias Score
Japan Inflation Rises, Record Budget Approved Amidst Nissan-Honda Merger Talks
Japan's Tokyo inflation hit 3% in November, exceeding expectations; a new record budget of $732 billion was approved, while bond issuance is restricted; Nissan and Honda are in merger talks.
Japan Inflation Rises, Record Budget Approved Amidst Nissan-Honda Merger Talks
Japan's Tokyo inflation hit 3% in November, exceeding expectations; a new record budget of $732 billion was approved, while bond issuance is restricted; Nissan and Honda are in merger talks.
Progress
36% Bias Score
Dollar Rises on Slower Fed Rate Cut Expectations
On Tuesday, the U.S. dollar rose 0.14% to 108.24 on the index due to market expectations of slower U.S. interest rate cuts compared to other global central banks, reflecting anticipated economic growth under President-elect Trump and less aggressive Fed rate cuts, with the 10-year Treasury yield hit...
Dollar Rises on Slower Fed Rate Cut Expectations
On Tuesday, the U.S. dollar rose 0.14% to 108.24 on the index due to market expectations of slower U.S. interest rate cuts compared to other global central banks, reflecting anticipated economic growth under President-elect Trump and less aggressive Fed rate cuts, with the 10-year Treasury yield hit...
Progress
36% Bias Score
Fed Slows Interest Rate Cuts, Dampening Market Optimism
Jerome Powell announced a slower-than-expected pace of interest rate cuts due to a strong US economy and persistent inflation, causing a market downturn despite positive long-term stock market predictions; the euro also weakened against the dollar.
Fed Slows Interest Rate Cuts, Dampening Market Optimism
Jerome Powell announced a slower-than-expected pace of interest rate cuts due to a strong US economy and persistent inflation, causing a market downturn despite positive long-term stock market predictions; the euro also weakened against the dollar.
Progress
36% Bias Score
Natural Gas Prices Surge to Near Two-Year High Amid Cold Weather, Geopolitical Risks, and AI Boom
Natural gas prices hit a near two-year high of $3.66 per MMBtu due to a cold winter outlook, geopolitical uncertainty (particularly regarding Russian supply), and reduced US inventories; the AI boom is driving long-term demand increases.
Natural Gas Prices Surge to Near Two-Year High Amid Cold Weather, Geopolitical Risks, and AI Boom
Natural gas prices hit a near two-year high of $3.66 per MMBtu due to a cold winter outlook, geopolitical uncertainty (particularly regarding Russian supply), and reduced US inventories; the AI boom is driving long-term demand increases.
Progress
36% Bias Score
Bank of England Holds Rates Amid Inflationary Pressures
The Bank of England's Monetary Policy Committee voted 6-3 to hold the Bank rate at 4.75% on December 18th, 2024, despite higher-than-expected wage rises and inflation, signaling a continued, albeit uncertain, path towards gradual interest rate cuts next year.
Bank of England Holds Rates Amid Inflationary Pressures
The Bank of England's Monetary Policy Committee voted 6-3 to hold the Bank rate at 4.75% on December 18th, 2024, despite higher-than-expected wage rises and inflation, signaling a continued, albeit uncertain, path towards gradual interest rate cuts next year.
Progress
40% Bias Score