Markets retreated from their previous surging for three successive trading sessions, opening lower Thursday morning, despite fresh data from the US Labour Department that showed the number of Americans filing initial jobless claims fell to the lowest level in 52 years. All major US indexes were down in early trading, …
Read More »US Stock Futures Drop After 3 Straight Days of Rally
US stock index futures fell slightly in trading on Thursday, after major indexes posted gains for the third day yesterday, as traders are betting that the economic impacts of the Omicron pivot will not be as severe as initially thought. The Dow Jones Industrial Average futures declined 109 points, the …
Read More »Gold Rises as The Dollar Slips Ahead of US Inflation Data
Gold prices received support from the dollar’s decline to rise Thursday, but the rise in US Treasury bond yields and anticipation of US inflation data and the Fed meeting limited the rise of the non-yielding metal. The price of gold in spot transactions rose 0.2% to $ 1785.78, while US …
Read More »European Shares Rise After Reassurances About Vaccines Against Omicron
European shares rose slightly Thursday, December 9, after positive comments from vaccine manufacturers calmed some concerns about the new mutated Omicron from the Coronavirus, while Deutsche Bank shares fell after reports that it may have violated a criminal settlement. The pan-European Stoxx 600 index rose 0.3%, after declining 0.6% in …
Read More »Market Drivers – US Session – 8-12-2021
US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. Stocks surged led by overall positivity across the financial markets …
Read More »Several Stocks Outperform Market On Strong Trading Day
US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. This was the stock’s third consecutive day of gains. Principal …
Read More »What New German Chancellor Means for Global Economy
Olaf Scholz is now new German Chancellor. It is said that he feels extremely enthusiastic about the ideas he suggested years ago. Once, he described an agreement which he suggested saying that “it will really change the world”, so what other changes is Scholz capable for bringing about on the …
Read More »Gold Price Corrects In New York As USD Slides
Gold tested its 200DMA above USD 1790 earlier on Wednesday’s session but has since slipped back to the mid-USD 1780.Gold is currently in a wait to see mode ahead of Friday’s key US inflation numbers. The gold Index is trading flat in the New York session near USD 1,784 and …
Read More »FOMC Facing Fluctuating Facts
Fed is often in the headlines whenever talk is about interest rates. Lenders know that its primary goal is to promote a strong US economy using monetary policy, with maximum employment, stable prices, and moderate long-term interest rates as goals.When prices are stable, long-term rates remain at moderate levels, so …
Read More »US Stock Futures Continue to Rise During Today’s Trading
US stock futures rose in morning trading on Wednesday, after shares continued their recovery in the main market trading yesterday. Dow Jones Industrial Production futures rose 14 points, S&P 500 futures rose 0.1%, and Nasdaq 100 futures rose 0.3%. During Tuesday’s trading, the S&P 500 and Nasdaq recorded their best …
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