Israel and Hamas are close to negotiations. Bank of America believes that it is not yet time to sell the dollar |
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Crude oil and gasoline prices fell on Friday on concerns about energy demand in China. According to RBC Capital Markets, China's domestic oil demand has been weak, and limited stimulus measures from the government have disappointed. Oil was also pressured by signs that Israel will join peace talks in Paris, which could reduce some geopolitical risks in the Middle East. |
On Friday, the US dollar index posted its first weekly decline in 2024 as investors took a break from buying the currency after a nearly two-month rally built on expectations that the Federal Reserve would begin cutting rates later than previously thought. Investors shifted expectations for the Fed's first rate cut to June rather than May, significantly reducing the extent of prime rate cuts by the US Central Bank. But, if the US economy remains as strong as it is, the Fed may not be able to go for a rate cut in June. |
Latest changes in the stock market: |
🔼 Dow Jones Index (US30) up by 0.16%;
🔼 S&P 500 Index (US500) up by 0.04%;
🔽 NASDAQ Technology Index (US100) down by 0.28%;
🔼 German DAX (DE40) up by 0.28%;
🔼 French CAC 40 (FR40) up by 0.70%;
🔽 Spanish IBEX 35 (ES35) down by 0.08%;
🔼 British FTSE 100 (UK100) up by 0.28%. |
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