The European Central Bank raised its deposit rate by 25 basis points to 2.50%, delivering the expected move but accompanying it with a firmer message on inflation and the potential impact of higher energy prices. While the rate increase had been fully priced in by markets, the tone from
Century Financial
US Markets SPX fell 0.58% yesterday and has now declined for four consecutive sessions. SPX futures are up 0.43% this morning.Equities came under pressure on Thursday as oil prices surged, with WTI crude futures climbing above $100 a barrel. The rally was compounded by a sharp fall in Saudi supply. According to data the kingdom […]
Gold & Silver Gold is trading near $4,395 (+0.9%) after recovering from a three-day decline, with a weaker US dollar providing some support to bullion. The dollar has come under pressure as the Japanese yen strengthened on expectations of further Bank of Japan tightening, improving the appeal of dollar-denominated gold. However, the broader environment remains […]
US Markets SPX Index futures are slightly down by 0.25% this morning, whereas Nasdaq futures are up by 0.16%. Fundamentally, two opposing factors are driving US markets. On one hand, we have strong NFP data that has increased rate-hike prospects; according to the CME FedWatch tool, the chance of a rate hike is 60%. Moreover, […]
US Markets Drivers * The S&P 500 is slightly higher at 7,713, with equities showing resilience despite rising rate-hike expectations following strong NFP data and elevated crude oil prices. * Fresh optimism around OpenAI’s GPT-6 and claims that AGI has arrived are expected to inject renewed momentum into the AI trade. * The continued race […]
US Markets US Markets rallied on Thursday with the S&P 500 and Nasdaq 100 closing above 1%. Today, stock futures were little changed as traders looked ahead to August’s big payrolls report. US stocks rallied on Thursday, supported by Treasury yields pulling back. This was after Federal Reserve Governor Christopher Waller said he would consider […]
US Markets US Markets snapped a three-day losing streak on Wednesday’s close with the S&P 500 and Nasdaq 100 in the green. Today, equity futures are mixed, with the S&P 500 and Nasdaq 100 up marginally. Though investors are worried about inflation, economic growth is expected to be solid, following record-breaking corporate profits in the second quarter. […]
US Markets A surge in oil prices rippled through global markets, hitting stocks and bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates. The Nasdaq 100 Index recorded its worst day in two weeks on Tuesday and dropped 1.3%, after sliding as much as 1.7%, intraday. […]
US Markets Drivers The S&P 500 fell 0.29% yesterday, although major US benchmarks still posted monthly gains. Futures are modestly positive today, with the S&P 500 up 0.06% and Nasdaq 100 up 0.11%. Rising oil prices remain the key source of pressure, after the US struck two rocket launchers on Iran’s Larak Island. US crude […]
US Markets US equity markets continued their run-up for the week, climbing higher steadily on Thursday, with the SPX index closing 0.32% higher and the NDX index closing 0.71% higher. Markets remain relatively flat during the Asian session on Friday, with the SPX about 0.13% higher and the NDX 0.02% lower. Equity markets got a […]
US Markets US equity markets climbed higher on Wednesday, suggesting a shift in the short-term trend to the upside, with the SPX index up 0.24% and the NDX index up 0.50%. The SPX opened with a gap up and is trading about 0.15% higher, while the NDX is up about 0.37%. Broader equity markets ran […]
Crude Oil WTI crude oil ended the previous session 2.15% lower and is currently trading at $85.02, down 0.82% in today’s session. Prices are currently testing the 9-day EMA, making it a key near-term level for intraday momentum. The recent weakness comes despite a supportive geopolitical backdrop. The U.S. has announced broader sanctions aimed at […]
Crude Oil WTI crude gained 6.25% last week and is currently trading at $86.11, down 1.65% in early Monday trading. While prices are lower today following increased tanker activity through the Strait of Hormuz, the broader fundamental backdrop remains supportive. Around 40 tankers moved through the Strait on Friday night, carrying nearly 16 million barrels, […]
The UAE markets ended the week slightly lower, amid developments in the global economy and the wider geopolitical landscape. The DFM General Index fell 0.49% over the week to 5,856.55. That said, Dubai has had a particularly strong month and is still up more than 15% month-to-date. Abu Dhabi saw a similar move, with the […]
Gold & Silver Gold pulled back on Thursday, down around 0.7% to trade near $4,488 per ounce, as investors booked profits following Wednesday’s sharp 4%+ rally that took prices to $4,525.79, their highest level since June 2. The move came after a surprise announcement from the U.S. Treasury Department that it would double the size […]
US Dollar Index DXY extends its slide Wednesday, down ~0.2% near 99.40, as Treasury yields ease from Tuesday’s selloff highs. Drivers: 10-year yield near 4.70%, 30-year back to ~5.27% off its near 20-year peak. Markets price 67% odds of unchanged Fed rates in September; eyes on today’s FOMC minutes (2 p.m. ET). Softer labour/inflation data […]
Gold & Silver Gold and silver remain firmly supported by a softer US dollar, fading expectations of a near-term Fed rate hike, and renewed demand across precious metals. Gold is trading around $4,403 per ounce, having risen on Monday before giving back some gains on Tuesday as higher Treasury yields and rising oil prices weighed […]
Gold Gains on Fed Easing Bets While Hormuz Risks Keep Oil Elevated – Comments from Century Financial
Gold & Silver Gold is trading 0.55% higher at $4,401 per ounce this morning, rebounding after Thursday’s 1.3% decline as weaker-than-expected US retail sales reinforced expectations for a more accommodative Federal Reserve. Softer economic data has pushed Treasury yields lower and weighed on the dollar, strengthening the macro backdrop for non-yielding assets such as
U.S. Markets U.S. equities remain firmly bullish, with the S&P 500 hitting a fresh all-time high of $7,816 yesterday. The index is trading around $7,800 in early trading today. Tech and communication services led gains, while the Nasdaq and S&P 500 remain on track for a third consecutive weekly advance. The rally continues to be […]
US Equities Hold Gains as Softer CPI Eases Fed Tightening Concerns – Comments from Century Financial
U.S. Markets U.S. equities remain supported after July CPI broadly matched expectations, easing concerns around inflation and near-term Fed policy. The S&P 500 closed 0.2% higher yesterday and is trading near $7,756 (+0.15%) today, while the Nasdaq 100 climbed 0.56% and is up 0.28% in early trading today. July CPI rose 0.1% MoM and 3.4% […]












