The European Central Bank (ECB) cannot afford to ignore the economic dangers connected to an extended period of high interest rates, according to Governing Council member Francois Villeroy de Galhau. Villeroy, on the other hand, says that the ECB ought to start cutting rates during one of its next meetings.Dual …
Read More »North America Trading Witnesses Rare Simultaneous Rise in US Stocks, USD
Thursday’s trading witnessed a rare occurrence in financial markets as both US stocks and the US dollar are rising simultaneously. This phenomenon sheds light on the surge in risk-linked assets and a key safe-haven asset concurrently.This simultaneous rise is infrequent and typically result from a powerful event signaling significant influence …
Read More »U.S. Q4 GDP Growth Revised Upward to 3.4%
The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …
Read More »U.S. Stock Futures Flat Ahead of Easter Break
U.S. stock index futures remained subdued on Thursday amid light trading activity ahead of the Easter break, as investors awaited additional data to assess the Federal Reserve’s policy direction on the final business day of a robust first quarter. The three main indexes were poised for significant quarterly gains, driven …
Read More »Baltimore Bridge Collapse Has Limited National Economic Impact
Although the collapse of the Francis Scott Key Bridge in Baltimore is considered a significant setback, a number of experts believe that the US economy as a whole is unlikely to be severely damaged. Nonetheless, a thorough investigation of this incident’s effects is necessary.Impact on the Nation Mostly Controllable Minimal …
Read More »US Stocks See Reversal After Losing Streak
Dow Jones Industrial Average surged by 0.7%, and the S&P 500 gained 0.4%. Following a losing streak and relative weakness that caused the major indices to retreat from their most recent record highs. Despite the recent pullback, all three indexes remain on track for a positive month and a winning …
Read More »Trump’s Truth Social stock soars on its first day on Nasdaq
Donald Trump’s social media platform, known as Truth Social soared on its first day of trading. The stock soared by roughly 50% after hitting the Nasdaq exchange under the ticker symbol DJT, but then dipped by the closing bell. The stock ultimately ended the day at $57.99, translating to a …
Read More »China Boosts Investor Confidence By Earlier Positive Data
Facing the slowing economy, China is trying a new approach to manage public perception. They’re releasing positive economic data earlier than usual with the aim to boost investor confidence as well as paint a more optimistic outlook.This tactic debuted in January when Premier Li Qiang preempted the official announcement of …
Read More »Rising US Stocks look forward to Fresh Records
Fresh records have become the usual story on Wall Street during the first quarter of the year. Accordingly; The US stocks rose on Tuesday as markets looked to continue to rally. The S&P 500 rose nearly 0.3%, while the Dow Jones Industrial Average edged higher by roughly 0.2%. The tech-heavy …
Read More »Asian Stocks Waver as Investors Brace for Key Economic Data
Asian stocks showed mixed performance on Monday, with most markets trading in a flat-to-low range as investors awaited crucial economic indicators scheduled for later this week. Japan’s Nikkei 225 index retreated from record highs, while Chinese stocks remained largely flat amid concerns over potential US export restrictions and positive signals …
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