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US open: Stocks tumble as inflation unexpectedly rises

Stocks are set for a steeply lower start after the keenly awaited CPI data showed that inflation unexpectedly rose in May to 8.6% YoY a fresh 40 year high.

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Two trades to watch: GBP/USD, Oil

GBP/USD rises despite PM Boris Johnson facing a vote of no confidence. Oil prices rise as Saudi Arabia hikes prices.

Gold nuggets

Two trades to watch: DAX, Gold

DAX holds steady as Russia cuts gas supply to Poland, Bulgaria. Gold trades under pressure on USD strength.

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April 27, 2022 08:45 AM

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Tight spreads from 0.5 pts on FX and 1 pt on indices.

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Federal reserve Eagle

Two trades to watch: EUR/USD, Oil

EUR/USD rises towards 1.10 ahead of the Fed rate decision. WTI crude oil rises after 11% declines in 2 days.

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US open: Futures fall as jump in oil stokes stagflation fears

US stocks point to a weaker start after oil prices rise over $120, fuelling stagflation fears.

Energy

Two trades to watch: BP, oil

BP swings into profit. Oil steady ahead of API.

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February 8, 2022 08:47 AM

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