
- Forexlive Americas FX news wrap: Dip in PCE inflation leads to a melt up in stocks
<ul><li><a href="https://www.forexlive.com/news/us-february-pce-core-inflation-46-vs-47-expected-20230331/">US February PCE core inflation 4.6% vs 4.7% expected.</a></li><li><a […]
- US stock indices close the day near session highs
<p>The major US stock <a href="https://www.forexlive.com/terms/i/indices/" class="terms__secondary-term" id="eb50e0fb-8258-4e43-80e6-8831246f8b37">indices</a> are closing the day near the highs for the day. The gains were led by the […]
- US stocks extend gains as the quarter winds down
<p>A bank run can seemingly come out of nowhere but by the same token, it can evaporate just as quickly.</p><p>Yesterday the shorts took at run at Metropolitan Bank with some success but shares have rebounded 23% today and the KRE […]
- Dallas Fed Feb trimmed mean PCE price index +4.0% vs +5.8% prior
<ul><li>Prior was +5.8% annualized</li></ul><p>Fed officials will still see this pace of underlying inflation as far too high but they may be inclined to let the lagged effects of monetary policy do their work.</p> […]
- OPEC oil output fell in March - survey
<p>The monthly OPEC survey from Reuters showed production down 70k bpd in March to 28.90 million barrels per day. The dips came on maintenance in Angola and a halt in some Iraq exports. </p><p>Nigeria, meanwhile, increase output as it […]
- European equity close: Another solid day wraps up a great week and great quarter
<p>During the height of the banking rout, the market went from bank to bank and tested each one. Credit Suisse failed but all the eurozone and UK banks emerged, despite rumors of trouble. Maybe that's only temporary but for now, you have to assume […]