Global Stock Market

On Thursday, the Dow Jones Industrial Average kept rallying to new heights as investors looked to build on the Fed-fueled rise that occurred on Wednesday. The increases occurred when traders processed U.S. retail sales data and the Labour Department’s initial batch of unemployment applications.The celebration was missed by Adobe, whose …

In November, retail sales in the United States increased by 0.3% on a monthly basis, reaching $705.7 billion, according to data released by the US Census Bureau on Thursday. This figure marked an improvement from the revised 0.2% decline (previously reported as -0.1%) in October and surpassed market expectations, which …

The US central bank decided to keep interest rates unchanged following FOMC meeting that concluded a few minutes ago. Inflation has moderated substantially, and central bank officials have signaled that they may be done raising borrowing costs. A fresh set of forecasts will provide hints about when rate cuts may …

Wall Street’s main indexes gained on Wednesday after new data indicated inflation pressures were easing, ahead of the Federal Reserve’s final monetary policy decision of the year, where it is widely expected to leave interest rates unchanged.The Labour Department’s report showed the Producer Price Index (PPI) for final demand rose …

Bitcoin’s price fell sharply, nosediving by 5.67% to $41296. However, technical indicators and on-chain data indicate that Bitcoin remains strong as bulls attempt to push it back above $44,000. According to on-chain data, Bitcoin has reached its Crosby Ratio golden ratio multiplier near-term target. Above $40,000, the price has reached …

Amidst high inflation readings, asked about the most likely scenarios regarding the upcoming decisions by major central banks during the current trading week, and whether there be any interest rate cuts or unchanged rates, Mohammed Hashad, the Head of the Research and Development Department at Noor Capital and member of …

Fed Chair Jerome Powell faces a challenge in keeping the US central bank’s policy plans flexible, as investors believe the cooling economy means tightening is over. The FOMC prepares for its final two-day meeting of 2023, and Powell is expected to use his press conference on Wednesday to emphasise that …

After hitting a high of 4,606.31, which put it within one point of its 2023 peak, the S&P 500 stayed close to the flatline, while the Dow Jones Industrial Average gained 24 points, or 0.1%. 0.15% was added to the Nasdaq Composite. The unemployment rate unexpectedly decreased in November, from …

Numerous unions in the Nordic region have become involved in the labour dispute between Tesla and Swedish trade union IF Metall, calling on the automaker to sign a collective bargaining agreement.A strike by around 130 workers affiliated with IF Metall on October 27 has sparked sympathy strikes from dockworkers, cleaners, …

Moody’s lowered its outlook for 8 Chinese banks to negative from stable, after lowering Beijing’s outlook to negative. The names that were downgraded included the four largest lenders in China, namely Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank Corporation. The agency said that …