The Latest Breaking News from Governing Council

Will Slowing Eurozone Inflation Allow the ECB to Pause Rate Hikes?

Economic news today showed a slowdown in Eurozone consumer prices that may allow the European Central Bank (ECB) to pause its interest rate hiking campaign. Eurozone Sep CPI eased to +4.3% y/y from +5.2% y/y in Aug, better than expectations of +4.5% y/y and the slowest pace of increase in...

Barchart · Sep 29, 2023

Stocks Gain as Global Inflation Decelerates

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.06%. Stocks this morning are moderately higher. Signs of deceleration...

Barchart · Sep 29, 2023

Lower Bond Yields Spark Mild Recovery in Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.88%. Stocks this morning are moderately higher, recovering from some...

Barchart · Sep 22, 2023

Markets Today: Stocks Slip as Weak Eurozone Economic News Fuels Growth Concerns

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.31% at a 1-week low, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.36%. Stock indexes this morning are moderately lower on negative carryover from a fall in the Euro Stoxx 50 to a 1-1/2...

Barchart · Sep 6, 2023

Will the ECB Pause its Rate-Hike Cycle Next Week?

European Central Bank (ECB) President Lagarde did not indicate what the ECB would do at next Thursday’s policy meeting when she spoke Monday at a seminar organized by the European Economic and Financial Centre. Recent economic news is showing a slowdown in Eurozone economic activity, while price pressures have eased...

Barchart · Sep 5, 2023

Stocks Modestly Higher as Optimism Builds for a Fed Pause

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. Stocks this morning are slightly higher, with the S&P...

Barchart · Aug 30, 2023

Dollar Strengthens with T-Note Yields

The dollar index (DXY00 ) on Friday rose by +0.08% and posted a new 2-1/2 month high. The dollar found support Friday from higher bond yields after the University of Michigan U.S. Aug inflation expectations unexpectedly rose, which is hawkish for Fed policy. Gains in the dollar were limited on...

Barchart · Aug 25, 2023

Dollar Rallies on Strong U.S. Economic News and Hawkish Fed

The dollar index (DXY00 ) on Thursday rose by +0.54% and rallied to a 2-1/2 month high. The dollar Thursday found support from better-than-expected U.S. economic news. Also, hawkish Fed comments pushed T-note yields higher and supported the dollar after Boston Fed President Collins and former St. Louis Fed President...

Barchart · Aug 24, 2023

Dollar Posts a 2-Month High on Strong Bond Yields

The dollar index (DXY00 ) Thursday rose by +0.07% and posted a 2-month high. The dollar Thursday recovered from early losses and moved higher after the 10-year T-note yield jumped to a 9-3/4 month high. Also, better-than-expected U.S. economic news on weekly jobless claims and the Aug Philadelphia Fed business...

Barchart · Aug 17, 2023

Dollar Follows Bond Yields Lower as U.S. Price Pressures Ease

The dollar index (DXY00 ) Friday fell by -0.14%. The dollar Friday fell back from a 2-1/2 week high posted on overnight trade and retreated after weaker-than-expected U.S. inflation news knocked T-note yields lower. Also, strength in the yen weighed on the dollar after the yen climbed to a 1-1/2...

Barchart · Jul 28, 2023