Will the Federal Reserve have to walk on an economic tightrope in 2022? Fed moves to tighten policy in 2022 amid uncertain economic outlook and Fed Chairman Jerome Powell is entering 2022 with the American economy on shaky ground.Policymakers may face a challenging year for the US central bank as …
Read More »European Shares Close Higher After Rough Session
European stock indices lost their momentum to trade almost flat on Wednesday, as the global rebound of last session hesitates over uncertainty and fears about the surging infections with Omicron coronavirus variant.The US spending bill, and a worrying backdrop of rising inflation rates contributed to the performance of shares on …
Read More »European Shares Rise With The Rise of Shares of Food Delivery
European shares rose on Wednesday, led by gains in food delivery stocks, despite continuing concerns about the prospects for a global recovery in light of the increase in COVID-19 cases due to the spread of the mutant Omicron. The pan-European Stoxx 600 index rose 0.1 percent after it had jumped …
Read More »Nikkei Index Rises Slightly, Supported by Technology
The Nikkei was slightly higher at the close on Wednesday, helped by a rise in chip and technology stocks, but its rally was limited by a fall in Nintendo Corp. The Nikkei closed up 0.16 percent after swinging between losses and small gains throughout the session in weak trading due …
Read More »Japan’s Nikkei Index Rises Slightly, Supported by Technology
The benchmark Nikkei index rose slightly at the close on Wednesday, December 22nd, supported by a rise in chip and technology stocks, but its rise was limited by a decline in Nintendo’s shares. The index closed 0.16% higher after swinging between small losses and gains throughout the session in weak …
Read More »US: Final Estimate Shows Q3 GDP Grew by 2.3%
According to the US Bureau of Economic Analysis (BEA)’s final GDP estimate, the US economy grew at an annualized QoQ pace of 2.3% in Q3 2021, above the prior estimate for a growth rate of 2.1%. to be updated …
Read More »Market Drivers – US Session – 21-12-2021
The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …
Read More »Wall Street Rebounds As Risk Appetite Surges
Wall Street’s equity markets rebounded from Monday’s retreat as risk appetite surged and recovered from a three-day decline ahead of the Christmas holiday later this week. The Dow Jones Industrial Average rose 1.5% to 35,441.21, the S&P 500 increased 1.6% to 4,639.79, and the Nasdaq Composite was up 2.2% to …
Read More »Biden Covid Speech: We are prepared for what’s coming
US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …
Read More »US Shares Sharply Surge After Three Day Drop
Markets staged a considerable comeback on Tuesday, with all three major averages up more than 1% as investors weighed news of federal involvement to mitigate Omicron and imminent authorization of an at-home Covid-19 treatment.In a turnaround from earlier losses, the Dow rallied more than 500 points during intraday trading, up …
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