Monday's Market Update I 10-June-2024
The Federal Reserve is expected to maintain the current interest rates at the end of its two-day policy meeting on Wednesday. The market’s focus is transitioning towards anticipating the number of rate cuts officials might indicate for the remainder of 2024.
Despite May’s employment data revealing accelerated job and wage growth along with a higher unemployment rate, recent Fed statements suggest no rush to cut rates due to persistent inflation and a solid growth outlook.
May’s inflation figures are set to be released just hours before the Fed’s statement on Wednesday.
In the U.K., market participants are awaiting Tuesday’s jobs report to determine if wage pressures are easing sufficiently for a potential rate cut by the Bank of England. Additionally, April’s GDP data, due for release on Wednesday, is expected to reveal a slowdown in growth following a strong 0.6% expansion in Q1.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Client, To further enhance your trading experience, STARTRADER will be conducting a scheduled…
Dear Valued Client, Please be informed that the trading hours for the following products will…
Dear Valued Client, Please be informed that due to a system upgrade by the London…
Dear Valued Client, We are pleased to announce that STARTRADER will be launching new Middle East…
Dear Valued Clients, To enhance your trading experience, we will be performing a historical data…
This website uses cookies.