Oil prices surged above 80$/bbl as escalating tensions in the Middle East stoked market anxieties.

Wells Fargo & Co. reported a 9.0% increase in its fourth-quarter net income on the back of a 17% jump in noninterest income.

USD/CAD retraces its recent gains recorded on Thursday, trading lower near 1.3350 during the European session on Friday.

As of the end of 2023, the S&P 500 was approaching that record high again. The index ended 2023 with a market cap of $40.04 trillion.

Looking ahead, the crypto market is set for further advance with the upcoming Bitcoin halving event in April expected to drive a fresh rally.

Lockheed Martin Corp., the world's largest military weapons manufacturer, is also a significant supplier to NASA and other non-defense government agencies.

While the recent downturn in full-time jobs is very early, it is a data point worth paying close attention to.

At the end of the day, the euro experienced fluctuations, with an initial rally followed by a retracement, reflecting the prevailing consolidation within the market. 

Consumer prices accelerated in December, so that means the term "transitory disinflation" will be out in full force for the third time in a year.

The oil price rises significantly as airstrikes from the US and its allies on Houthi rebels have deepened supply disruption concerns. The likelihood of a retaliation from Iran-backed Houthis is high, which could widespread conflicts in Middle East.

GBP/USD rises after UK GDP rises, but recession risks remain. Oil rises as geopolitical tensions deepen.

Yesterday, we saw the price of Bitcoin jump to $49048. The price of Ethereum reached a new high at the $2690 level.

Oil prices jumped higher on Friday after US and UK attacked Houthi rebels. Analysts think further escalation in the conflict may propel Brent above $80.

In mid-December, the Japanese firm announced that it was buying U.S. Steel for $14.9 billion. U.S. Steel makes about 12% of American steel.

The S&P 500 – a stone’s throw away from a fresh high – has gone sideways the past two weeks at just under 4800. Thursday’s CPI-induced selloff was bought.

The UK economy expanded by 0.3% in November. It had contracted by 0.3% in the previous month. The country’s trade deficit narrowed to 14.1 billion pounds.

Ultimately, the S&P 500 has experienced significant volatility in response to the CPI data, with a resistance barrier at 4,800. Support at 4,700 is crucial, and a consolidation phase may ensue. 

Despite a higher-than-expected current account deficit in November, amid a wider primary income deficit, the improvement in the external imbalance on a 12-month rolling basis continued.

Let’s tune into a White House Statement on inflation to discuss what’s real and what is imaginary.

Heightened geopolitical risks in the Middle East sent crude oil prices up more than 3% after Iran seized an oil tanker off the coast of Oman.