BANK OF AMERICA FORECASTS US 10-YEAR YIELD WILL STAY BELOW 5.25% Bank of America forecasts US 10-year yield to be 4.75% this year. The yield could rise above 5%, but unlikely to exceed 5.25%. BoA sees a strong macro economy and a hawkish Federal Reserve. A rate
OPEC expects global oil demand to grow steadily until 2026. Demand is predicted to increase by 1.43 million barrels per day in 2026, similar to the 2025 increase of 1.45 million barrels per day. This forecast is OPEC's first for 2026 and highlights its focus on
WORLD BANK EXPECTS GLOBAL GROWTH OF 2.7% IN 2025 AND 2026 Global economy is expected to grow by 2.7% in 2025 and 2026, the same rate as in 2024. Developing economies are projected to grow by 4% during this period. However, developing economies will face their lowest long-term
The U.S. announced stricter sanctions on Russia to reduce its energy earnings. These sanctions target major Russian oil companies like Gazprom Neft and Surgutneftegas. They also include 183 oil tankers, many of which are part of a "shadow fleet" or owned by Russian operators. The sanctions have
BREAKING CHINESE ECONOMIC DATA SUMMARY Chinese Retail Sales for December: +3.7% YoY (expected 3.6%, previous 3.0%). Chinese Unemployment Rate for December: 5.1% (expected 5.0%, previous 5.0%). Chinese Industrial Output for December: +6.2% YoY (expected 5.4%). Chinese GDP for Q4: +5.4% YoY
UBS analysts believe the Federal Reserve will wait until June to lower interest rates. This decision follows recent data showing weaker-than-expected core inflation. The U.S. Labor Department reported a 0.4% increase in consumer prices for December, compared to 0.3% in November. Over the last year, consumer prices
US INFLATION DATA RELEASED Inflation rose slightly: Consumer prices in the U.S. increased by 2.9% in December compared to a year ago. Small increase from November: This is higher than November's 2.7% annual increase. Met expectations: The increase matched what experts predicted. Core inflation slowed:
10-YEAR TREASURY YIELD DIPS AHEAD OF CONSUMER INFLATION REPORT The 10-year Treasury yield dropped a bit before an important consumer inflation report. It went down by 3 basis points, reaching 4.76%. This is lower than the 14-month high seen on Monday. The 2-year Treasury yield also decreased slightly by
DOW RALLIES MORE THAN 600 POINTS AFTER LATEST INFLATION REPORT, STRONG BANK EARNINGS The stock market saw a big jump on Wednesday. A report showed that core inflation slowed more than expected in December. Major U.S. banks reported very strong earnings. Dow Jones rose by 640 points (1.5%
EUR/USD FADES AFTER BULLISH MOVE ABOVE 1.0300 EUR/USD Failed to Hold Above 1.0300 After US CPI Data US Dollar Briefly Dipped Below 109.00 Following Inflation Results Investors Await US Retail Sales and Jobs Report for Further Direction Dollar's Volatility Driven by Speculation Over
GOLD PRICES STAY NEAR 1-MONTH HIGH ON RATE-CUT EXPECTATIONS Gold prices remained stable on Thursday after reaching a 1-month high. Softer US core inflation data boosted hopes for interest rate cuts. A ceasefire agreement between Israel and Hamas limited further gold price gains.
OIL PRICES RISE DUE TO US INVENTORY DECLINE AND SUPPLY CONCERNS Oil prices increased for the second day on Thursday. A bigger-than-expected drop in US crude oil stockpiles raised supply concerns. Concerns were also fueled by US sanctions on Russian energy trade.