About: pumarketings
Recent Posts by pumarketings
Euro Trades in Narrow Range Ahead of ECB Decision
Key Takeaways: *ECB expected to hold rates unchanged (deposit facility 2.00%, main refinancing 2.25%) after its July cut, signaling policy stability. *French political turmoil following a no-confidence vote and budget dispute weighs on euro sentiment, reinforcing a cautious ECB stance. *Inflation near target and low unemployment support resilience, but stagnant growth raises pressure for accommodativeContinue Reading
Wall Street Rallies to Records on Tech Optimism; CPI Data, Global Risks Loom
Key Takeaways: *S&P 500 hit a fresh all-time high, led by tech strength as Oracle surged 36% on upbeat earnings tied to AI optimism. *Investors await today’s U.S. CPI print, which could shape Fed rate-cut expectations and determine near-term market momentum. *Japanese political instability and escalating Russia-Ukraine tensions inject caution, tempering the bullish backdrop. MarketContinue Reading
Crude Bounce Meets Supply Wall
Key Takeaways: *Oil rallied 1.7% on renewed geopolitical tensions (Poland drones, Israeli strikes in Qatar). *Gains remain capped as U.S. inventories surged 3.9M barrels, signaling weak demand. *Gasoline and distillate builds confirm economic slowdown effects on fuel usage. Market Summary: Crude oil prices staged a modest recovery this week, rallying more than 1.7% as geopoliticalContinue Reading
