Global Stock Market

U.S. stock index futures dipped slightly on Monday as Wall Street took a breather following its strongest week of the year. Investors are now turning their attention to the upcoming speech by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, which could provide crucial insights into the central …

The past week has witnessed a notable rebound in equity markets, with the S&P 500 and the Canadian TSX surging over 6.5% and 5%, respectively, from their August 5 lows. This resurgence appears to be primarily driven by two key factors: a continued moderation in inflation and a resilient economic …

US markets closed higher on Friday, securing the best week for stocks since November 2023. This comes after a rally on Thursday that erased losses suffered during the early August sell-off.Key Developments:All major indexes gained for the week, with the S&P 500 (^GSPC), Nasdaq Composite (^IXIC), and Dow Jones Industrial …

China’s economic engine, which has long been the world’s growth driver, is losing steam. Recent data highlights a deepening slowdown with far-reaching global consequences. The Chinese economy is under increasing strain, with its weakest growth in five quarters. Efforts to bolster consumer spending have yielded disappointing results, and China’s GDP …

Cisco reported its third consecutive quarter of declining revenue, marking its first full fiscal year drop since 2020. The company is cutting 7% of its global workforce, with earnings and revenue topping analysts’ estimates. Cisco announced in a filing that it will implement a restructuring plan that will result in …

Investors may almost be certain that the Federal Reserve will drop interest rates initially next month—perhaps not dramatically. This is based on the most recent inflation data.In the 12 months leading up to July, the consumer price index indicated 2.9% growth in prices, which was less than the 3% forecast …

Dow Jones rose 300 points on Tuesday after US Producer Price Index inflation eased more than expected in July. This gave stocks a chance to breathe and sent the DJIA into 39,700.00. US PPI inflation eased to 2.2% YoY in July, falling below the expected 2.3% and further from the …

The U.S. dollar found itself in a holding pattern on Tuesday as investors awaited key U.S. economic data that could influence the likelihood of significant interest rate cuts. Meanwhile, a rally in Japanese stocks provided some relief for the yen, particularly for those engaged in yen carry trades. The dollar …

The Dow Jones Industrial Average (DJIA) has steadied before the closing bell, following a tepid Monday session. The market is expected to remain nervous ahead of key inflation data, with a fresh batch of US PPI and CPI inflation prints due this week. The US Producer Price Index (PPI) business-level …

Despite geopolitical unrest, the US dollar is still strong, and Fed policymakers continue to have optimistic views of the US labor market despite worries about sluggish job creation. The market sticks to its projections from the previous week, with September being the most likely month for the first rate cut …