Jerry Lin
The Latest
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Oil and Gold Prices Surge Amid Rising Middle East Tensions
Global commodity markets have experienced significant volatility as crude oil and gold prices surged, driven by escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. The upward momentum in these markets reflects growing investor concerns over supply disruptions and an increased demand for safe-haven assets amidst geopolitical uncertainty. 
Global commodity markets have experienced significant volatility as crude oil and gold prices surged, driven by escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. The upward momentum in these markets reflects growing investor concerns over supply disruptions and an increased demand for safe-haven assets amidst geopolitical uncertainty. -
U.S. Consumer Inflation Expectations Hit Record Low, New York Fed Survey Reveals
U.S. consumers are increasingly optimistic about the future of inflation, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York. The survey, which reflects consumer sentiment regarding economic conditions, revealed that the three-year inflation outlook has dropped to a record low, a significant development as the Federal Reserve continues to grapple with price stability in a turbulent economic environment. 
U.S. consumers are increasingly optimistic about the future of inflation, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York. The survey, which reflects consumer sentiment regarding economic conditions, revealed that the three-year inflation outlook has dropped to a record low, a significant development as the Federal Reserve continues to grapple with price stability in a turbulent economic environment. -
Yen Weakens Amid Market Calm as Investors Await Key U.S. Inflation Data
The Japanese yen experienced a dip against major currencies on Monday as global markets began to stabilize following a tumultuous week. Investors are now shifting their focus to the upcoming U.S. inflation data, which could provide critical insights into the Federal Reserve's next moves regarding interest rates. 
The Japanese yen experienced a dip against major currencies on Monday as global markets began to stabilize following a tumultuous week. Investors are now shifting their focus to the upcoming U.S. inflation data, which could provide critical insights into the Federal Reserve's next moves regarding interest rates. -
Oil Prices Surge Amid Mideast Tensions and Positive U.S. Economic Data
Oil prices continued their upward trajectory on Monday, marking the fifth consecutive session of gains as the market reacted to easing U.S. recession fears and escalating geopolitical tensions in the Middle East. The ongoing conflict, particularly the brewing tension between Iran and Israel, has become a significant driver of market sentiment, with traders closely monitoring potential repercussions. 
Oil prices continued their upward trajectory on Monday, marking the fifth consecutive session of gains as the market reacted to easing U.S. recession fears and escalating geopolitical tensions in the Middle East. The ongoing conflict, particularly the brewing tension between Iran and Israel, has become a significant driver of market sentiment, with traders closely monitoring potential repercussions. -
Crude Oil Climbs 3% Amid Middle East Conflict and Strong U.S. Labor Market
Oil prices climbed this week, marking a more than 3% gain as a mix of encouraging U.S. labor market data and escalating tensions in the Middle East fueled market volatility. Brent crude futures edged up by 0.3% to $79.38 per barrel, while U.S. West Texas Intermediate (WTI) crude also gained 0.3%, reaching $76.45 per barrel. Both benchmarks are on track to close the week with significant gains, driven by a series of geopolitical and economic factors that have reignited concerns about supply and demand dynamics. 
Oil prices climbed this week, marking a more than 3% gain as a mix of encouraging U.S. labor market data and escalating tensions in the Middle East fueled market volatility. Brent crude futures edged up by 0.3% to $79.38 per barrel, while U.S. West Texas Intermediate (WTI) crude also gained 0.3%, reaching $76.45 per barrel. Both benchmarks are on track to close the week with significant gains, driven by a series of geopolitical and economic factors that have reignited concerns about supply and demand dynamics. -
Jobless Claims Drop, Offering Tentative Relief to US Labor Market Concerns
Initial jobless claims fell more than anticipated last week, providing a glimmer of hope amidst growing fears about the health of the US labor market and the broader economy. According to the Department of Labor, there were 233,000 initial claims for unemployment insurance for the week ending August 3, a decrease from the previous week's 250,000 and below economists' forecasts of 240,000. This decline marks a significant shift from the week ending July 27, when claims reached their highest level since August 2023. 
Initial jobless claims fell more than anticipated last week, providing a glimmer of hope amidst growing fears about the health of the US labor market and the broader economy. According to the Department of Labor, there were 233,000 initial claims for unemployment insurance for the week ending August 3, a decrease from the previous week's 250,000 and below economists' forecasts of 240,000. This decline marks a significant shift from the week ending July 27, when claims reached their highest level since August 2023. -
Oil Prices Steady Amid Middle East Tensions and Supply Concerns
Oil prices remained steady on Thursday following two days of gains, with Brent crude futures falling slightly by 8 cents to $78.25 a barrel and U.S. West Texas Intermediate (WTI) crude rising marginally by 2 cents to $75.25 a barrel. This stabilization comes after significant gains on Wednesday, where Brent increased by 2.4% and WTI by 2.8%, recovering from a sharp drop earlier in the week. 
Oil prices remained steady on Thursday following two days of gains, with Brent crude futures falling slightly by 8 cents to $78.25 a barrel and U.S. West Texas Intermediate (WTI) crude rising marginally by 2 cents to $75.25 a barrel. This stabilization comes after significant gains on Wednesday, where Brent increased by 2.4% and WTI by 2.8%, recovering from a sharp drop earlier in the week. -
U.S. Mortgage Rates Plunge to 6.55%, Sparking Surge in Refinancing Applications
U.S. mortgage rates experienced their steepest drop in two years, igniting a flurry of refinancing activity and providing a glimmer of hope for a housing market that has been stymied by high borrowing costs. 
U.S. mortgage rates experienced their steepest drop in two years, igniting a flurry of refinancing activity and providing a glimmer of hope for a housing market that has been stymied by high borrowing costs. -
Oil Prices Surge as Middle East Tensions Offset Recession Fears
U.S. crude oil futures saw a significant rebound on Wednesday, driven by escalating tensions in the Middle East and a recovery in the stock market. The West Texas Intermediate (WTI) September contract rose by $1.61, or 2.24%, closing at $74.81 per barrel. Similarly, Brent crude for October delivery increased by $1.64, or 2.14%, to settle at $78.12 per barrel. This recovery comes after both benchmarks experienced multi-month lows earlier in the week due to recession fears and weak demand indicators. 
U.S. crude oil futures saw a significant rebound on Wednesday, driven by escalating tensions in the Middle East and a recovery in the stock market. The West Texas Intermediate (WTI) September contract rose by $1.61, or 2.24%, closing at $74.81 per barrel. Similarly, Brent crude for October delivery increased by $1.64, or 2.14%, to settle at $78.12 per barrel. This recovery comes after both benchmarks experienced multi-month lows earlier in the week due to recession fears and weak demand indicators. -
Japan's Nikkei Roars Back with 10% Gain, Calms Markets
Wall Street is set for a calmer trading day Tuesday after experiencing a massive sell-off to start the week, with global markets showing signs of recovery. Futures for the S&P 500 rose by 0.8%, and the Dow Jones Industrial Average futures gained 0.7%. The technology-heavy Nasdaq, which had tumbled over 3% at the beginning of the week, climbed 0.9%. 
Wall Street is set for a calmer trading day Tuesday after experiencing a massive sell-off to start the week, with global markets showing signs of recovery. Futures for the S&P 500 rose by 0.8%, and the Dow Jones Industrial Average futures gained 0.7%. The technology-heavy Nasdaq, which had tumbled over 3% at the beginning of the week, climbed 0.9%.
