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World stock markets were fighting for a fourth day of gains on Thursday as a near one-year high in oil prices, a revitalized dollar and rising bond yields refocused attention on inflation and normalizing economies.
Riskier currencies such as the GBP, NZD, and AUD skyrocketed to multi-year highs. 10-year Treasury yields rose to the highest level in almost a year. Oil tries to rebound from its previous week's losses.
The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
Microsoft is planning to buy Discord. Gold is climbing up. Besides, Fed's Powell will testify today. Jump in for fresh trading ideas!
US President Joe Biden is expected to unveil a huge infrastructure package today, which will add fresh volatility to markets. Read to get fresh trade ideas!
What's moving markets on Thursday? Jump in and you'll get the full market wrap!
Traders await the US Inflation Rate report today at 15:30 GMT+3. jump in to get trade ideas for EUR/USD, gold, and USD/JPY!
Asia-Pac stocks traded higher as regional bourses took their cues from the fresh all-time highs on Wall Street.
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.