U.S. stock index futures edged higher on Friday, recovering from the previous session’s losses on Wall Street. Investors turned their attention to strong guidance from chipmaker Broadcom and the Federal Reserve’s upcoming policy meeting, set to shape the outlook for interest rates as the year closes. As of 05:50 ET …
Read More »Asian Markets Tumble as Stimulus Disappoints and Fed Decision Looms
Asian equities faced a broad sell-off on Friday, mirroring Wall Street’s overnight losses, as investors braced for a pivotal U.S. Federal Reserve meeting next week. The Chinese markets led the region’s declines, weighed down by underwhelming policy signals from a closely watched legislative gathering. U.S. stock indexes closed in the …
Read More »After PPI Data, Dow Jones Pauses Amidst Sticky Inflation
The Dow Jones Industrial Average (DJIA) has recently encountered a roadblock in its upward trajectory, as investors grapple with persistent inflationary pressures. The latest US Producer Price Index (PPI) data, which came in hotter than expected, has ignited concerns about the Federal Reserve’s (Fed) ability to swiftly return inflation to …
Read More »Nvidia Refutes Claims of Supply Cuts to China
Nvidia (NASDAQ:NVDA) has denied recent rumors circulating on social media about plans to reduce supplies to China. In a post on Chinese social media, the company clarified that these allegations were false. Nvidia’s Commitment to China Nvidia emphasized that China remains an important market for the company. It reiterated its …
Read More »How have US, European stock markets reacted to CPI data?
Calm After the StormEuropean markets closed higher on Wednesday, as investors digested a relatively benign U.S. inflation report. The pan-European Stoxx 600 index ended the day up 0.28%, rebounding from a recent losing streak. While some sectors, such as media, saw gains, retail stocks, particularly Inditex, experienced a decline due …
Read More »ECB Poised For Last Cautious Rate Cut In 2024 Amid Economic Uncertainty
For the fourth time this year, the European Central Bank is anticipated to lower its key deposit facility rate by a quarter point, to 3 percent. In order to prevent the Eurozone from slipping into stagnation due to political impasse in France and policy drift in Germany, many also anticipate …
Read More »US Futures Hold Steady Ahead of Inflation Data; Crude Prices Rise on China Stimulus Hopes
US stock index futures showed little movement early Wednesday, stabilizing after a decline in the previous Wall Street session, as investors await pivotal inflation data. Meanwhile, crude oil prices gained amid expectations of increased demand in China following promises of economic stimulus. Market Snapshot Dow Jones Futures: Down 65 points …
Read More »Stock Market on Hold as Investors Brace for Inflation Data
The US stock market hung in a state of cautious optimism on Tuesday as investors awaited the release of the Consumer Price Index (CPI) data on Wednesday. This crucial economic indicator will provide valuable insights into the trajectory of inflation and, consequently, the Federal Reserve’s forthcoming interest rate decision.The market’s …
Read More »South Korea Passes Controversial Budget Bill Amid Political Turmoil
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 …
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