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Markets Weekly Outlook - US CPI to Test Markets Following Tumultuous Week

US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish BoJ comments. The upcoming week features significant data releases, including US and UK inflation, Chinese economic figures, and the RBNZ interest rate decision.

09-08-2024 14:39 GMT by Zain Vawda

Oil Prices Near Recent Lows: Demand Concerns Keep Bulls at Bay

Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China's economic outlook are also contributing factors. Most Read: USD/CAD Targets 1.3740 Support as Canada’s Trade Balance Surges Oil prices continued to struggle yesterday as increasing recession fears kept bullish investors at bay. The prospect of a recession is exacerbating global d

07-08-2024 05:18 GMT by Zain Vawda