Global Stock Market

Japan’s Nikkei on Friday posted its biggest weekly drop in more than two years, tracking Wall Street’s decline, even as the Bank of Japan kept massive stimulus. The Nikkei index closed down 1.77 percent at 25,963 points, its lowest closing level since May 12, after falling by 2.7 percent earlier …

Yield curve inverts in the US, signaling at least economic slowdown and hinting at the possibility of recession or a big decline in economic growth globally and in the domestic economy at most.Monetary policy decisions by major central banks round the globe triggered some sort of panic and risk aversion, …

The GDPNow tracker shows that economic growth in the spring was flat at 0%, a steep decline from its previous estimate of 1.3% on June 1 and 0.9% on June 8. President Joe Biden said a recession is “not inevitable” and he is confident the United States can overcome inflation. …

The Japanese Nikkei index halted a four-session losing streak on Thursday, boosted by a rally in US stocks last night after the Federal Reserve raised interest rates by 75 basis points, as expected. But the bleak outlook for the global economy amid continued risks related to the sharp tightening of …

Stocks were volatile after the rate hike decision but jumped to session highs as Fed Chairman Jerome Powell said additional increases are on the horizon.Boeing and other shares closely linked to economic growth jumped higher on the hope that rates could rise without tipping the economy into a recession. Boeing …

Fed Chair Jerome Powell said on Wednesday in his post-Fed meeting press conference that if the Fed doesn’t see progress on inflation, it will react. However, Powell mentioned that soon enough there will be some progress on bringing inflation back down and that he thinks the Fed’s guidance is still …

The Fed continues to see upside risks to inflation, Fed Chair Jerome Powell noted in the opening statement of his post-Fed meeting press conference. “Supply chain constraints have been longer than anticipated and price pressures have broadened, with Covid-19 disruptions in China likely to make things worse ahead”, Powell added.

The US Federal Reserve on Wednesday announced that it had lifted interest rates by 75 bps to 1.50-1.75%, as expected. More details are awaited as Fed Chair Jerome Powell proceeds with the press conference after the FOMC meeting concluded. The vote split was 10 to one, with Esther George favouring …

US stocks are climbing ahead of the Federal Reserve monetary policy decisions, expected to hike 75 bps. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones.US equities recovered some ground after a string of five days of losses and are gaining between 1.05% and …

The Japanese Nikkei index closed at its lowest level in more than a month on Wednesday, extending losses for the fourth consecutive session, as investors await the Federal Reserve’s decisions later on Wednesday, which may witness a greater tendency to tighten monetary policy. The Nikkei closed down 1.14 percent at …