The British FTSE 100 index ended slightly higher on Monday as commodity stocks achieved notable gains. Investors looked ahead to the appointment of Liz Truss as Britain’s new prime minister against a deteriorating economic background.The commodity-heavy FTSE 100 ended 0.1% higher, after falling as much as 1.2% earlier in the …
Read More »Powell Between Soft Landing, Hard Landing
Fed Chief Jerome Powell lately curbed his long-lived optimism that policymakers can eventually carry out a soft landing for the US economy. But as signs of a recession accumulate, the Fed’s new objective has changed into avoiding a painful crash.Powell signaled that the Fed will adopt monetary policy tightening for …
Read More »US shares higher after NFP data
The Dow opened 82.38 points higher on Friday, extending gains recorded in the previous session after major indices reversed earlier losses.Wall Street is in the green territory shortly after the opening bell on Friday as market participants digested August’s all-important nonfarm payrolls data.As of 1515 BST, the Dow Jones Industrial …
Read More »Japan’s Nikkei hits one-month closing low as chipmakers falter
Japan’s Nikkei recorded its worst week in nearly three months on Friday, while ending the day flat, and was pressured by fears of aggressive rate hikes globally, while a weak yen provided little support. The Nikkei closed down 0.04 percent to 27,650.84 points, and recorded a weekly decline of 3.4 …
Read More »US shares fall on rate hiking concerns
US equities fell on Thursday as traders continued to debate over the possibility for higher rate policy by the Fed.The Dow Jones Industrial Average fell 150 points, or 0.5%. The S&P 500 and Nasdaq Composite declined 1.1% and 2.2%, respectively. All of the major averages are on track to finish …
Read More »Does VIX Accurately Work As A Reliable Risk Gauge?
Markets are becoming harder and harder to predict in 2022. One of the biggest questions, right now, is whether a reliable common measure of volatility can work and show risk direction.Traders lack a reliable measure of the risk level when they have to make investment decisions. Instead, they derive direction …
Read More »Japan’s Nikkei hits one-month closing low as chipmakers falter
Japan’s Nikkei hit its lowest closing level in a month on Thursday, weighed down by losses in chip-related stocks after Nvidia was hit overnight by a US order to halt sales of the top artificial intelligence chip maker to China. The Nikkei fell 1.53 percent to close at 27,661.47 points, …
Read More »Can Wall Street Avoid Fourth Day Of Losses?
US stocks are generally struggling to put an end to the three-day losses. Traders and investors are still busy digest monetary policy signals and comments by the Fed speaks.Any economic downturn would give the Fed reason to ease up its rate hiking stance. Stocks have been subject to heavy selloff …
Read More »Japan stocks fall following Wall Street
Japanese stocks gained for the second consecutive month on Wednesday, even as the two major indexes closed lower on Wednesday, weighed down by losses from technology and energy blue-chip companies and Wall Street’s decline. The Nikkei index fell 0.37 percent to 28,091.53 points, while the broader Topix index fell 0.27 …
Read More »Could Softer Data Save Cryptos, Stocks From Red Territory?
Some key economic data are expected this week including the ISM manufacturing PMI Index, as well as nonfarm payrolls, respectively: an indicator of US economic activity and tracking measure of the total number of paid workers in the US.This week’s soft economic data could grant the crypto and stock markets …
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