December 18, 2024
Dollar strengthens after strong retail sales data
The U.S. dollar strengthened against major currencies following better-than-expected retail sales data that showed underlying economic momentum and as markets braced for interest rate moves from the Federal Reserve and other central banks.
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December 18, 2024
2024 the ‘year of the bond’ as record inflows top $600 billion
Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields
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December 17, 2024
Nasdaq tops NYSE in listings for 6th straight year
Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025. Companies raised approximately $22 billion across 160 initial public offerings at Nasdaq in the first 11 months of this […]
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December 17, 2024
Crypto products record 10th consecutive week of inflows at $3.2B
Cryptocurrency investors have not halted their purchasing spree as Bitcoin set new highs and crypto investment products hit their 10th consecutive week of inflows. Digital asset investment products saw another $3.2 billion of inflows in the trading week of December 9–13, crypto investment firm CoinShares reported
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December 16, 2024
Fed rate view in focus as robust stocks year draws to close
A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank’s guidance on interest rate cuts. The Nasdaq Composite index breached 20,000 for the first time ever in the past week, another milestone for equities in a year during which […]
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December 16, 2024
Oil up 2%, settles at 3-week high
Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand. The Oil-Dollar pair rose 1.5% in the last session after gaining as much as 1.9% during […]
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