The US economy continues to demonstrate its resilience, with the service sector leading the way. The Institute for Supply Management (ISM) reported a significant surge in the Services PMI for September, indicating robust growth. This positive development suggests that the economy is on a solid footing and is not at …
Read More »Wall Street Opens Mixed Following US Economic Data
Wall Street’s main indexes were mixed on Thursday after data showed strong service activity in the world’s largest economy, while cautious investors watched for any escalation in the Middle East conflict.The benchmark S&P 500 pared losses after the Institute for Supply Management survey showed service sector activity, which makes up …
Read More »U.S. Stock Futures Fall as Middle East Tensions Escalate and Jobs Report Looms
U.S. stock futures continued to decline on Thursday, as rising tensions in the Middle East and the upcoming release of the official jobs report weighed on market sentiment. By 06:00 ET (10:00 GMT), Dow Futures had dropped by 125 points, or 0.3%, S&P 500 Futures were down 18 points, or …
Read More »Oil Prices Climb Amid Middle East Conflict Despite Rising U.S. Crude Inventories
Oil prices surged on Thursday as escalating tensions in the Middle East raised concerns about potential disruptions to crude flows from the key exporting region. Despite a rise in U.S. crude inventories, the threat of a widening conflict overshadowed the stronger global supply outlook. By 06:15 GMT, Brent crude futures …
Read More »Is China’s Stock Market Rally A Risky Path to Economic Recovery?
China’s stock market has been on a wild ride in recent weeks, propelled by a series of aggressive government stimulus measures. While the rally has temporarily buoyed investor sentiment, it also raises significant concerns about the sustainability of China’s economic recovery.The surge in stock prices has been driven primarily by …
Read More »Oil Prices Boost US stocks
New York Stock Exchange is experiencing a volatile trading session, with Wall Street indices opening lower amid escalating tensions in the Middle East, fueled by ongoing Israeli military operations in southern Lebanon. Economic data released on U.S. labor market conditions indicated a continued improvement in job growth, a trend the …
Read More »U.S. Stock Futures Slip as Middle East Conflict Escalates, Traders Monitor Oil Surge and Vance-Walz Debate
U.S. stock futures pointed lower on Wednesday, with investors closely watching escalating tensions in the Middle East following an Iranian missile attack on Israel. The potential for retaliatory strikes and disruption to oil supply has spooked markets, while futures for major indices show modest declines. 1. Futures Slide on Middle …
Read More »Asian Stocks Sink Amid Middle East Tensions, While Oil Prices Continue to Climb
Asian stock markets broadly declined on Wednesday, reacting to the ballistic missile strike by Iran on Israel, which heightened concerns of a potential wider regional conflict. Investors shifted toward safe-haven assets, pushing gold prices close to all-time highs and supporting the U.S. dollar. Key Market Movements: Japan & South Korea: …
Read More »Dow Jones Plunges Amid Global Tensions
The Dow Jones Industrial Average suffered a significant decline on Tuesday, primarily driven by escalating geopolitical tensions in the Middle East and disappointing US economic data.Israel’s recent military strikes on Lebanese targets have ignited fears of a wider regional conflict, with Iran vowing retaliation. This heightened uncertainty has rattled global …
Read More »Investors Await ECB Rate Cut in October on Easing Inflation
Expectations that rate reductions will accelerate after October might weaken the euro and the yields on government bonds. For the final two ECB meetings in 2024, the Eurozone money markets are pricing in 51 basis points of rate reductions. On October 17, investors are placing more and more bets that …
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