Posts Tagged ‘CPI’
Shares and Markets - June 11, 2022 13:20
Inflation Worries Shares Once Again
It was an extremely difficult week for equities in London after far higher than forecast US inflation numbers were released ahead of US open, raising an instant worry over further central bank policies and consumer confidence. US inflation hit a new four-decade high May, which triggered an almost instant sell off on US index futures. […]
Gold Gains on Weak Inflation data
Gold futures jumped on Thursday extending its rally for the fifth consecutive session. Weak inflation data and expectations of another round of quantitative easing by US Federal Reserve boosted the safe haven status of the precious metal. Gold futures contract for August delivery gained $0.20 to settle at $1,619.60 per ounce on the Comex division […]
Consumer Sentiment Index Lower in April
University of Michigan released it consumer sentiment index which ended lower creating worries on US economic recovery. According to the preliminary reading by University of Michigan, the consumer sentiment for the month of April fell to 75.7 as compared to 76.2 in March. Analysts on average were expecting the figure of 76.4 for the respective […]
Most Popular Content
- Seven PMs In Ten Years And FTSE Short Sellers Have Never Been Busier
- China Bought 20 Tonnes Of Gold In July And Nobody Is Talking About It Enough
- Gold Breaks Lower and Platinum Followed
- Wall Street Keeps Printing Records But Will It Turn?
- Iran Didnt Need A Navy To Close Hormuz And Block Oil Exports
- Brent Smashes Higher As The Strait Of Hormuz Is Closed
- Bitcoin Bounces Off The Lows But Is That The Bottom?
- Iran Talks Go Nowhere and Oil Price Shrugs