Credit: AsianDream/iStock by Getty Images July 12, 2024/IMFBlog By Cian Allen and Rudolfs Bems Interest rates in the United States are at 20-year highs and the dollar has appreciated sharply against other world currencies. Given the dollar’s outsized role in international finance and trade—and if history is any guide—emerging markets […]
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Brent Tops $86 on Hopes of Fed Cut in September
July 12, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Brent crude soared to $86 per barrel as better-than-expected U.S. inflation data stirred hopes of a September Fed rate cut. Friday, July 12th, 2024 The beginning of this week has seen a slight downward correction for oil prices, with anticipated damages from Hurricane […]
Nigerian Stocks End Week Lower -0.4%, Dragged by Bellwether Counters
Mainly, sell pressures on GTCO (-3.9%), TRANSCORP (-1.0%), SEPLAT (-1.7%) and UBA (-4.0%) drove the All-Share Index lower by 0.4% w/w. July 12, 2024/Cordros Report Global Economy According to the Bureau of Labor Statistics (BLS), the United States headline inflation maintained its downtrend for the third consecutive month, coming in […]
