Federal Reserve Board of Governors member Lisa Cook noted on Wednesday that while she views the overall economic outlook within the US as fairly balanced, the Fed might get forced into a pause on rate cuts if inflation progress slows down while employment remains solid.Key QuotesIf the labour market and …
Read More »U.S. Futures Edge Higher Amid Earnings Optimism, Nvidia in Spotlight
U.S. stock index futures rose slightly on Wednesday, buoyed by optimism over retail earnings and anticipation for Nvidia’s quarterly results, even as geopolitical tensions in Eastern Europe introduced caution. At 05:45 ET (10:45 GMT), the Dow Jones Futures rose 70 points (+0.2%), the S&P 500 Futures gained 5 points (+0.1%), …
Read More »Dow Jones Stumbles on Geopolitical Tensions
The Dow Jones Industrial Average (DJIA) experienced a volatile day on Tuesday, initially plunging to 42,850 due to escalating geopolitical tensions between Russia and Ukraine. While markets broadly recovered, the Dow Jones remained under pressure, closing over 150 points lower.Key Factors:Russian Nuclear Threat: Russian President Vladimir Putin’s warning about lowering …
Read More »Geopolitical Tensions Weigh on U.S. Stock Futures as Putin Lowers Nuclear Strike Threshold
U.S. stock index futures experienced a notable drop on Tuesday, with mounting geopolitical concerns stemming from Russian President Vladimir Putin’s hawkish comments about nuclear weapons unsettling investors. By 06:30 ET (11:30 GMT), Dow Jones Futures were down 265 points, or 0.6%, while S&P 500 Futures fell 25 points, or 0.4%, …
Read More »Markets’ Weekly Recap: Stronger US dollar dominates performance of key assets
Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …
Read More »Wall Street loses ground after Powell urges caution on rate cuts
Wall Street’s main indexes fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities. Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed’s 2% target as reasons …
Read More »U.S. Stock Futures Drop as Powell’s Inflation Concerns Weigh on Markets
U.S. stock index futures fell on Friday morning, setting up for a negative close to the week. At 05:30 ET (10:30 GMT), Dow Jones Futures dropped 190 points, or 0.4%, S&P 500 Futures declined by 35 points, or 0.6%, and Nasdaq 100 Futures lost 170 points, or 0.8%. This comes …
Read More »ECB Divided on Inflation Risks as Eurozone Economy Slows
The European Central Bank found itself at a crossroads during its October meeting, with policymakers divided over the evolving inflation landscape in the Eurozone. As the region grapples with sluggish economic growth, the central bank has been forced to navigate a delicate balancing act between stimulating growth and maintaining price …
Read More »How Have US Stocks Reacted After Trump’s Win?
Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its value since Election Day. Elon Musk’s business has grown to be a close buddy of Trump. Republicans may not instantly carry out their campaign pledges, even if they control the White House, Senate, and House …
Read More »U.S. Stock Index Futures Gain Slightly as Investors Await Powell’s Speech
U.S. stock index futures showed modest gains early Thursday, as investors assessed the latest inflation data and anticipated a key speech from Federal Reserve Chair Jerome Powell. As of 05:55 ET (10:55 GMT), Dow Jones Futures were up 50 points (0.1%), S&P 500 Futures added 6 points (0.1%), and Nasdaq …
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