Japanese stocks posted slight gains on Tuesday as investors awaited the outcome of this week’s meetings of the Federal Reserve and the Bank of Japan, as the two banks are expected to reinforce their hawkish policies to tackle inflation. With the markets resuming trading after a national holiday, the Nikkei …
Read More »Do markets take FedEx warning seriously?
The earnings-related warning -announced by FedEx last week caused most stocks to crash 20% by the closing bell on Friday.FedEx was founded in 1971 by billionaire businessman Fred Smith. Friday’s warning has a definite meaning, that is the US economy is currently challenging.However; analysts are split into two groups, the …
Read More »US equities turn higher ahead of Fed meeting
After the three major indexes logged their worst week in three months, US stocks rose on Monday. The S&P 500 climbed 0.3% after starting the session in the red territory, while the Dow Jones Industrial Average added 100 points. The tech-heavy Nasdaq advanced 0.2%.In the bond market, the benchmark US …
Read More »Ukraine’s grain exports have fallen 46% since the start of the 2022/23 season
On Monday, the Ukrainian Ministry of Agriculture said that Ukraine’s grain exports fell 45.6 percent year on year in the 2022/23 season to 6.364 million tons. Ukraine’s grain exports have fallen since the start of the war because its ports on the Black Sea, a major shipping route, have been …
Read More »Dow Jones Loses 300 points on FedEx warning
US stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an alarming warning from FedEx concerning earnings and slowdown of the global economy. The Dow Jones Industrial Average dropped 306 points, or 1%. The S&P 500 and Nasdaq Composite slid 1.2% and 1.6%, respectively.Shares …
Read More »Japanese shares fall, down 2%, affected by recession fears
Japanese stocks fell at the close on Friday and recorded a weekly decline, as fears of a global economic slowdown continued in light of raising interest rates, which led to the decline of Wall Street during Thursday night. The Nikkei index fell 1.11 percent to close at 2,7567.65 points, after …
Read More »Soaring US Treasury Drag Wall Street Lower
The New York Stock Exchange started trading Thursday in a bearish trend, generally impacted by soaring US Treasury bond yields at the beginning of the current session’s trading.The US stock exchange indices fell to lower levels compared to the positive closing achieved last Wednesday, which came as a result of …
Read More »Japan shares rise at the close after an intense sell-off
Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism. The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. …
Read More »US shares stabilize following massive selloff
The Nasdaq Composite closed higher in a mixed trading session on Wednesday as investors tried to find their footing after the biggest one-day drop in more than two years.The modest gains followed a massive sell-off for stocks on Tuesday. The Dow sank more than 1,200 points, or nearly 4%, while …
Read More »IMF’s Georgieva: Central bankers must be stubborn in fighting inflation
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that central bankers must be stubborn in fighting broad-based inflation, as reported by Reuters.“If fiscal policy is not targeted sufficiently, it may become the enemy of the monetary policy, fueling inflation,” Georgieva further added.These comments do not seem to …
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