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NewsS&P 500, Dow hit fresh yearly highs ahead of inflation data, Fed policy
The S&P 500 and Dow advanced to a new annual high on Monday, although gains were modest ahead of major market catalysts this week that include inflation readings and the Federal Reserve's policy announcement, which will shape investor expectations on the path of interest rates.
WikiFXNewsBank of Canada says rates may be at peak, excess demand now gone
Bank of Canada Governor Tiff Macklem said on Wednesday that interest rates might be at their peak, given excess demand has vanished and weak growth is expected to persist for many months.
WikiFXNewsZalando cuts 2023 sales forecast as demand stays weak
Europe's biggest online fashion retailer Zalando ZALG.DE sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Wednesday as it reported weaker than expected third-quarter revenue.
WikiFXNewsGlobal nickel market surplus to widen in 2024 -INSG
The surplus in the global nickel market is expected to widen to 239,000 metric tons in 2024 from 223,000 tons this year, the International Nickel Study Group (INSG) said on Tuesday, signalling further pressure on the metal.
WikiFX