Global Stock Market

The new year’s first week closed with a usual jobs report signaling solid annual wage growth of 4.7% but a disappointing figure of new jobs. Employment rose by just 199,000 in December, far less than expected. The economy created a record-breaking 6.4 million jobs in 2021, but that was after …

Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …

The S&P 500 index is down by about 0.6% as yields rally, hurting the dominant tech sector. The latest US jobs report, though mixed, has been interpreted as endorsing the Fed’s monetary tightening plans for 2022.The S&P 500 is trading on the back foot as its heavyweight tech sector suffers …

Japan’s Nikkei stock index recovered most of its morning losses to close almost flat on Friday as investors avoided big bets ahead of a major US jobs report and a three-day holiday in Japan. The Nikkei index ended trading down 0.03 percent to 28,478.56 points. The broader Topix index fell …

The North American trading session closed Thursday with prevalent passive performance, while the US dollar has managed to retain its gains against most of the major currencies since the release of FOMC minutes.Economic DataThe weekly jobless claims reading rose to 207 thousand claims for the week ending 31 December, compared …

US businesses and firms have eventually managed to cope with shortages and Omicron. The ISM services index falls to three-month low of 62% from record 69.1%. Most US companies that service customers are still doing brisk business, but omicron threatens to dampen sales. The ISM figures have revealed that CVS, …

As traders continue to digest Wednesday’s hawkish Fed minutes, which caused US shares to retreat, and discuss its implications of the minutes to Fed’s policy tightening, US equity trading has displayed more passive performance. The S&P 500 Index has been hovering around the 4700 level on Thursday between 4670 lows …

The US dollar edged lower for most of Wednesday but got an unexpected push by the US Federal Reserve’s Meeting Minutes. US policymakers use the kind of language confirming a looming interest rate hike and that the quantitative easing, stimulus asset and asset purchases are no longer necessary.The minutes document …

US stocks ended sharply lower on Wednesday after the FOMC minutes showed the Fed will likely raise rates sooner than earlier anticipated and could reduce its balance sheet shortly after it raises rates. The Dow Jones sank 393 points or 1.1% to 36407, after closing at a record level the …

Minutes from the Fed’s December meeting indicated that policymakers are ready to aggressively dial back policy stimulus.One key aspect, the US central bank’s balance sheet, was the subject of prolonged discussions, with policymakers pointing to a reduction in bond purchases during the coming months. Fed Members expressed concern about inflation …