Global Stock Market

Asian stock markets remained largely rangebound on Wednesday, as investors digested mixed inflation figures from China and Japan, while closely monitoring Federal Reserve Chair Jerome Powell’s testimony for clues on potential interest rate cuts. Key Takeaways: Mixed Inflation Data: Japanese producer price index (PPI) inflation rose slightly in June, but …

Fed Chair Jerome Powell is speaking Tuesday before the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.With the Fed still on hold regarding interest rates, Powell’s remarks are closely monitored for hints about what it will take to start easing. At the Fed’s June …

U.S. stock index futures climbed on Tuesday as market optimism regarding a potential interest rate cut in September continued to build, ahead of Federal Reserve Chair Jerome Powell’s testimony before Congress. In early morning trading, Dow Jones Futures rose, S&P 500 Futures gained, and Nasdaq 100 Futures advanced. The S&P …

Asian stock markets experienced a mixed day on Tuesday, with most indices rising on growing expectations of lower U.S. interest rates. Japan’s Nikkei 225 index stole the spotlight, surging to a record high fueled by tech stock gains and a weakening yen. However, Chinese markets lagged behind due to persistent …

In a preview of its Q2 results, the U.S. supermajor ExxonMobil said on Monday that it expects greater upstream profitability for the second quarter of the year compared to the first quarter of the year, perhaps reaching $700 million.Although there could be an additional $700 million in upstream earnings due …

U.S. stock index futures remained largely unchanged on Monday morning, as investors braced for a critical week packed with market-moving events. With the release of key inflation data, Federal Reserve Chair Jerome Powell’s testimony, and the commencement of the second-quarter earnings season, market participants are treading cautiously while assessing potential …

Wall Street is buzzing about the Sahm Rule after the latest US Bureau of Labour Statistics data release showed an unexpected rise in the unemployment rate. While the headline number of 206,000 new jobs created in June exceeded the 190,000 expectations, economists are concerned about several underlying factors.What is the …

AI enthusiasm will propel the S&P 500 to 7,000 by next year, although AI itself is largely seen as a market bubble that will bubble until 2025. Investors are overestimating the technology’s macroeconomic benefits. The S&P 500 has already broken more than thirty new highs this year, and the rush …

June’s jobs report sent a mixed message, with job gains have remained better than expected in a strong status but other indicators are suggesting a slowdown. This has increased pressure on the Federal Reserve to cut interest rates in September.Job Growth Flatters, Not Deceives: While headline numbers showed solid hiring, …

U.S. stock index futures remained mostly unchanged on Friday as markets reopened after the July 4 holiday. Investors eagerly awaited the release of the Labor Department’s non-farm payrolls report, which is expected to provide further insight into the labor market’s condition. A softer reading of the report, indicating a slowdown …