U.S. consumer sentiment increased in July, reaching its highest point since February, supported by indications of declining petrol prices at the pump in recent weeks, as reported by a new survey from the University of Michigan on Friday. An index from the university tracking consumer sentiment registered at 54.4 this month, an increase from 49.5 Read More
Oil prices fell below the $100 mark on Friday, as tensions around the Strait of Hormuz continue to loom. The crucial shipping lane remains largely closed, even in light of a ceasefire agreement between the U.S. and Iran. U.S. West Texas Intermediate crude futures for May delivery experienced a decline of 1.5%, trading at $96.37 Read More
Dow Futures are experiencing a modest increase, supported by growing optimism regarding the possibility of the U.S. finding a timely resolution to the conflict in Iran. Oil prices have retreated below $100 a barrel, yet they continue to be significantly elevated compared to the levels observed before the onset of the conflict. Elsewhere, shares of Read More
Dow Futures decline as a series of assaults on energy infrastructure in the Middle East trigger a renewed increase in oil prices. The Federal Reserve upholds its interest rate projections, leaving the door ajar for a potential cut later this year, even as Fed Chair Jerome Powell advises markets to approach the forecasts with caution. Read More
Dow Futures indicate a downward trend, as the conflict in Iran extends into its second week, prompting market concerns regarding a potential escalation in oil prices. Crude prices have surged past $100 a barrel, raising concerns about the potential resurgence of inflationary pressures throughout the global economy. slips, indicating a strengthening of the U.S. dollar, Read More
