South Korea’s parliament, controlled by the opposition Democratic Party, approved a reduced government budget for 2025, intensifying tensions with President Yoon Suk Yeol’s administration. The unprecedented move sparked debates over economic and governance implications in Asia’s fourth-largest economy. Key Developments The 673.3 trillion won ($470.60 billion) budget was approved by …
Read More »2025 Financial Outlook: Shares, Cash, Bonds, Commodities, Gold, and Bitcoin
As investors step into 2025, the financial landscape is poised for significant shifts across various asset classes. This overview is an attempt to delve into the expected trends for shares, cash, bonds, commodities, gold, and Bitcoin, providing a comprehensive understanding of what the new year might bring and could bring …
Read More »A Rocky Start to the Week: Dow Jones Pauses Near 44,600
The Dow Jones Industrial Average (DJIA) commenced the new trading week on a cautious note, hovering near the 44,600 level. While China’s recent monetary policy shift initially ignited optimism, geopolitical tensions in the Middle East and South Korea, coupled with concerns about the global economic landscape, tempered investor enthusiasm. China’s …
Read More »US Stock Futures Slip as Investors Await Inflation Data; Oil Gains on Syria Turmoil
US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …
Read More »Weekly recap: Data still in focus after NFP
US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …
Read More »Nasdaq Dips as Strong Job Growth, NFP Report Hint at Fed’s Next Rate Decision
Wall Street opened in a mixed state on Friday, with the Nasdaq and S&P 500 trading lower, while the Dow Jones Industrial Average edged slightly higher. This cautious market sentiment was primarily driven by the release of the November non-farm payroll report, which revealed a stronger-than-expected job growth of 227,000, …
Read More »Will NFP Data Carry A Perfect Storm for the US Dollar?
The upcoming release of the November Non-Farm Payroll (NFP) report is poised to be a pivotal moment for the US dollar and global financial markets. While consensus estimates point to a modest job growth of 200,000, the market’s focus will be on the underlying trends in wage growth, labour force …
Read More »US Stocks Decline Amid Anticipation of NFP Report
US stocks are declining due to the anticipation of jobs data, considered the most important on the economic calendar for the month, after initial indicators highlighted a slowdown in job growth and a rise in unemployment levels in the United States.The Dow Jones Industrial Average fell to 44,848 points, losing …
Read More »French government’s collapse adds to already weak economy
Economic Uncertainty, Political UnrestThe recent fall of the French government has further destabilized the country’s economy, which is already struggling with flat growth and a heavy debt load. Following a no-confidence vote in Parliament on Wednesday, Prime Minister Michel Barnier and his cabinet were removed, leaving the country without a …
Read More »U.S. Stock Futures Rise Ahead of Powell Speech; Focus on Economic and Corporate Developments
U.S. stock index futures advanced on Wednesday, with investors closely eyeing Federal Reserve Chair Jerome Powell’s upcoming address for insights into the central bank’s interest rate trajectory. Stock Futures PerformanceAs of 05:40 ET (10:40 GMT): Dow Jones Futures: Up 195 points (0.4%) S&P 500 Futures: Gained 13 points (0.2%) Nasdaq …
Read More »