Kostiantyn

US inflation data supported bets for a rate cut from the Fed next week, but also argued for gradual moves.

Asia & European Sessions:

• Selling initially drove the moves on Wall Street and Treasuries as the pick up in the monthly US CPI core rate weighed on aggressive Fed rate

Investors remain cautious about the gloomy outlook for China’s economy & worry that the Fed has delayed easing monetary policy. Traders are anticipating at least 1 significant rate cut this year, ahead of the CPI report, which is expected to show modest inflation growth.

Asia & European Sessions:

• Asian equities

• The stock market witnesses its worst session since August 5th. The NASDAQ drops more than 3.00% as 80% of its stocks decline. 
• The VIX rises more than 5% indicating a low risk appetite as investors fear lower consumer demand and the unwinding of certain hedge positions. 
• The price of the

• US Job Vacancies drop to their lowest level in more than 3 years. The US Dollar Index declines. 
• The best performing currency of the week is the Japanese Yen. Investors are turning to the only Central Bank which is not going to cut rates in 2024.
• The possibility of a

Gold held near $2,500 an ounce on Thursday, as investors awaited a key US jobs report for further insight into the extent of the Federal Reserve’s interest rate cuts, which could reduce the opportunity cost of holding non-yielding gold.

JOLTS data released on Wednesday showed a drop in the number …