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 …
Read More »US Stocks Notch Weekly Gains
The US equity market witnessed volatility on Friday, resulting in a three-quarters of a percent decline in the Dow Jones and the S&P 500 retreating, -0.14%, around 0.6 percent, the market was testing down. With real estate down about 1.25% and the financial sector down 1.21% on the day, the …
Read More »Eurozone expects economic recovery amid declining inflation
Leaders of the European Union and the eurozone are cautiously hopeful about the upcoming economic recovery. The decreasing rates of inflation are the main driver of this optimism. They admitted that “economic activity is subdued in the near term” in a statement issued on Friday, but they also said that …
Read More »US stocks rose for the second day in a row following Powell’s remarks
US stocks have continued to rise since the beginning of the North American trading on Thursday, with a boost of optimism left by expectations of an official interest rate cut by the Federal Reserve following the Fed’s announcement to keep the interest rate at the same levels without change one …
Read More »Ahead of Halving, History Hints at a Likely Rally in Bitcoin
Following a recent decline from its all-time high, bitcoin is last seen at $65507. Economists and analysts are discussing historical trends that point to the looming halving event that is anticipated in April in response to this price volatility.It is worth noting that Bitcoin reversed early losses and moved higher …
Read More »Dow skyrockets to fresh record after Fed’s hints at 3-rate cuts
After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …
Read More »Stock Market Falls on Inflation Worries Ahead of Fed Meeting
The stock market closed lower on Friday, marking the second week of losses, in a row. This decline comes as investors remain concerned about inflation, with key data points earlier this week raising doubts about the Federal Reserve’s plans to loosen monetary policy. Market Recap • The S&P 500 dropped …
Read More »Global Stocks Pause Amid Inflation Concerns: Weekly Market Recap
Global stocks are poised to conclude the week with a subdued performance, following seven consecutive weeks of gains, as hotter-than-expected U.S. inflation data cast doubts on the timing and frequency of future interest rate cuts by the Federal Reserve. U.S. Inflation Data Dampens Rate Cut Expectations MSCI’s global equity index …
Read More »ECB’s de Guindos: Wages still a risk, but inflation on track
Late on Thursday, European Central Bank Vice President Luis de Guindos gave reporters his assessment of the ECB’s probable decision to lower interest rates by the second half of the year.Key Quotesde Guindos sees the European economy picking up in the second half of the year.The ECB should have sufficient …
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