Page 33 - Thomas Barkin News Today

These probabilities could change today, in one way or the other, with the latest inflation update. Headline inflation in the US is expected to fall below 3% in January, and core inflation is seen easing to 3.7%. A softer-than-expected set of data will likely boost the May rate cut expectation, keep the dollar index below the 100-DMA and support equities. An unwanted upward surprise, however, should further hammer the May cut expectations and shift focus to June. In this case, we could see the US...

Bitcoin rose 0.2% to $49 935.76.

Despite the Fed rhetoric about the inflation fight being still on, the central bank will likely cut rates this year, an analyst said.

The New Zealand dollar has declined after New Zealand inflation expectations decelerated in the fourth quarter. In the European session, NZD/USD is trading at 0

Today, Tuesday, February 13th, at 8:30 am New York time, the Bureau of Labor Statistics (BLS) releases US inflation data related to the Consumer Price Index (CPI). This high-impact data could generate significant changes in the perception of the Federal Reserve's (Fed) monetary policy, likely triggering extreme volatility around the US dollar (USD).

Futures contracts for Hong Kong’s Hang Seng Index fell, indicating a third daily decline for the index, which has faced volatile trading this week as China attempts to stem the country’s equity market slump. Prior efforts to arrest market declines, notably in 2015, may not work this time around, investors warn.

The S&P 500 closed just shy of the 5,000 milestone as Wall Street took in earning reports, jobs data and Fed remarks on rate cuts.

Under the hood, small-cap indexes outperformed large caps and semiconductor stocks also outperformed with shares of chip designer ARM Holdings surging 47.9% after it forecast strong demand for designs related to artificial intelligence.

China, South Korea and Taiwan's markets will be shut, while Singapore and Hong Kong will see a half day of trading

China, South Korea and Taiwan’s markets will be fully shut, while Singapore and Hong Kong will see a half day of trading