Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, no policy changes are anticipated. The news conference by Chair Jerome Powell will be crucial. Investor attention will be focused on any possible rebuttal to market conjecture about rate reductions. Financial …
Read More »Dow stocks decline amid economic data ahead of FOMC decision
US stocks showed mixed performance on Tuesday, with the Dow Jones Industrial Average reversing higher in midday trades as investors awaited a slew of Big Tech earnings and a Fed rate decision. Financial stocks, including JPMorgan Chase, Visa, American Express, and Goldman Sachs, lifted the index. The S&P 500 also …
Read More »Oil prices rise against the backdrop of geopolitical concerns in the Middle East
Oil prices experienced an uptick in early trading on Tuesday as concerns over supplies persisted amidst escalating geopolitical tensions in the Middle East. Brent crude futures saw a rise of 25 cents, or 0.3 percent, reaching $82.65 per barrel by 0105 GMT. US West Texas Intermediate crude also increased by …
Read More »Is Russia really beating western sanctions?
Despite opposition from the central bank, Russia is pondering an indefinite extension of the wartime capital regulations that were implemented to relieve pressure on the ruble. The step, according to the administration, is necessary to support the currency and assist curb inflation. President Vladimir Putin issued an order in October …
Read More »Goldman: Strong US economic prospects could shield equities from surging yields
US stocks are surviving an increase in Treasury yields because of the positive economic outlook, but Goldman Sachs strategists warned that this might change if factors like tighter monetary policy push yields higher or if they climb too quickly.In their most recent weekly kickstart note, Goldman equity strategists lead by …
Read More »WTI declines amid China’s property crisis
The liquidation turmoil facing China’s real estate sector as well as the strong US dollar cause WTI oil to decline by more than 1.50%. Despite geopolitical unrest, worries about the state of the world economy and central bank policies have also caused oil prices to decline.In light of the uncertain …
Read More »US Dollar trades near mid-December highs ahead of eventful trading days
The Dollar Index is showing strong increases and is currently trading at 103.75, not far from its mid-December highs. Ahead of the Fed’s impending announcement on interest rate policy on Wednesday, markets are still wary.Monday saw a sharp increase in the Dollar Index, which closed at 103.75, reaching levels not …
Read More »China stocks decline despite short-selling restrictions
Investors’ sentiment has become shaky following the latest Evergrande’s crisis that impacted the property sector leading it to slump. Evergrande is facing liquidation, and this is clouding the economic outlook. The Chinese authorities have been working to confront the downward trend in stock prices. Chinese share prices declined, on Monday, …
Read More »Noor Capital | Mohammad Hashad Interview on Dubai TV – January 29, 2024
Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, shared insights on significant market developments and the performance of key assets during an interview on Dubai TV. Addressing the persistent upward trend in oil prices and the challenges posed by …
Read More »European equities display a mixed performance
Title: European Stock Markets Navigate a Volatile Week Amid Key Events European stock markets exhibited subdued trading on Monday as the week kicked off with a host of significant events, heightening market risks. Key among these events is the Federal Reserve’s inaugural meeting of the year. As of 03:25 ET …
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