US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …
Read More »Dow Jones Soars On Market Optimism Stirred By Bessent’s Nomination for Treasury Dept
The Dow Jones Industrial Average (DJIA) surged to a new all-time high just below the 44,800 mark on Monday. This bullish movement in equity markets was driven by two significant factors: the anticipation of Scott Bessent as the new Treasury Secretary under President-elect Donald Trump, and the rumors of a …
Read More »What Do Global Markets Expect From Trump’s Pick for Treasury Secretary?
Financial markets responded positively on Monday to President-elect Donald Trump’s nomination of hedge fund manager Scott Bessent as US Treasury Secretary. Currencies across the globe rallied, reflecting investor optimism that Bessent, founder of Key Square Group, could temper some of Trump’s more extreme economic views.Market ReactionsThe US Dollar Index (DXY), …
Read More »Why Trump’s Looming Policies Still Trigger Inflation Concerns
As Donald Trump’s second term approaches, his policy proposals have sparked widespread concern about a potential resurgence of inflation. However, leading economists argue that these fears may be overstated. The debate centers around the impact of Trump’s policies versus the role of the Federal Reserve and money supply dynamics.Immediate Market …
Read More »Dow climbs as US dollar softens
The Dow Jones Industrial Average closed sharply higher on Thursday, surging over 600 points. This significant gain marks a rebound from a recent market pullback and reflects renewed investor optimism. Key factors driving the rally include a robust job market, as evidenced by the decline in weekly jobless claims, and …
Read More »Dow Jones Treads Water Ahead of Key Events: Nvidia Earnings, Economic Data
The Dow Jones Industrial Average (DJIA) commenced the week on a cautious note, hovering near the 43,000 mark. Investor sentiment remains subdued as market participants eagerly await two key events: Nvidia’s highly anticipated earnings report and the release of crucial economic indicators. Nvidia Takes Center StageChipmaker Nvidia is poised to …
Read More »Fed’s Cook: Could see a pause on rate moves if inflation progress slows
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%, …
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