Market Minutes

Read snapshots of the latest market news

U.S. inflation cools, but core prices stay sticky

U.S. inflation slowed to 2.4% in September, marking the sixth consecutive month of easing. However, core prices, driven by food and shelter costs, remain elevated, suggesting the Fed will maintain a cautious approach on rate cuts

Dollar strengthens, awaiting CPI data

ll eyes are now on the upcoming U.S. inflation data, with expectations of a 2.3% annual rise—the lowest in two years

Gold faces ongoing pressure amid strong U.S Dollar

Precious metal hovers near three-week low around $2,605 as market weighs Fed rate cut expectations and potential Middle East ceasefire

Gold prices pull back from record highs

Gold prices were pinned under pressure, as traders anticipated smaller Fed rate cuts and investors flocked to the dollar amid geopolitical uncertainty.

Japan's Yen worries resurface as RBNZ eyes rate cut

Japan's yen faces renewed pressure as verbal interventions from officials signal growing concern over a potential drop below the 150 level, while the RBNZ is expected to cut rates to counter inflation risks amid a cooling economy

NFP data pending

The dollar slipped from six-week high; up 1.5% for the week amid strong labor data and Middle East tensions

Global services PMI data lead today's calendar

Key reports on the radar include services PMI data from major global economies, US jobless claims, the ISM PMI, and Durable Goods Orders

RBNZ widely expected to cut rates by 50 bp

New Zealand Dollar: Pressured by expectations of a 50-basis-point rate cut by the RBNZ, with an 87% probability priced in.

S&P 500 closes at new record high, recovering from an earlier dip

Dow Jones and Nasdaq post gains alongside the S&P 500 for September and Q3

US PCE inflation falls to 2.2% in August

PCE price growth slowed from 2.5% yoy to 2.2% yoy, below expectation of 2.3%