Global Stock Market

The US dollar index surged on the back of prevalent risk aversion. Panic selloff hit US equities and a broad crash impacted most cryptocurrencies, meanwhile massive quantitative tightening signals attracted the attention of traders, investors and market participants. Monetary policymakers recurrently hint at measures set to trench liquidity.Economic Data There …

Consumer sentiment data are not normally trading events on most calendars, however, under the current feverish markets, almost any unexpected result will generate a reaction. If the Michigan Index is worse than expected it will spark fears of consumer led recession prompting further equity declines and the US dollar’s status …

Japan’s Nikkei fell to its lowest level in nearly two months on Thursday, after major technology stocks followed in the footsteps of their US counterparts, which fell sharply overnight. The Nikkei fell 1.77 percent to close at 25,748.72 points, its lowest since March 15. The broader Topix index fell 1.19 …

The US dollar closed with gains against most major rival currencies, although price action was choppy across the market. Economic DataThe US dollar rallied after the release of CPI data at 8.3%, higher than the estimates. The monthly figure was up 0.3% against the 0.2% expected. Finally, the annual core …

US President Joe Biden on Wednesday criticized Republicans’ plan to combat US hot inflation, taking his speech as an opportunity to slam his opposition. Biden accused his predecessor of being responsible for the balance sheet deficit increase every single year Trump was president. “Right now, the majority of our Republican …

The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed USinflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking.US stock futures initially lost ground after core inflation, excluding items such as oil prices …

The US entertainment giant reports after the closing bell Wednesday as streaming, theme parks and the stock price come into focus. The Walt Disney Co. reports its fiscal second-quarter earnings after the closing bell on Wednesday, closing out what has been an unusually turbulent earnings season for the entertainment industry.Disney …

Japan’s Nikkei index rose at the close on Wednesday as investors flocked to stocks of companies with strong expectations, but gains were limited as US inflation data was awaited later in the day. The Nikkei rose 0.18 percent to close at 26,213.64 points, after declining earlier in the session. Investors …

US President Joe Biden blamed high inflation on COVID-19 pandemic disruptions to the economy as well as the Russo-Ukrainian conflict, adding that rising price pressures are “hurting” American families ahead of the November midterms. In response to reporters’ question about taking any “responsibility” for inflation, Biden stated, “I think our …

Japan’s Nikkei fell for the second day in a row on Tuesday, but avoided bigger losses as investors started buying back shares in hopes of higher prices after US stocks rebounded Monday night. The index closed down 0.58 percent to 26,167.10 points, after trimming its losses in overnight trading, supported …