Japan’s Nikkei index rose for the sixth consecutive session on Friday, its longest streak of consecutive gains since July, supported by a rally on Wall Street overnight and the rise of Fast Retailing, owner of Uniqlo stores. The Nikkei index closed up 1.2 percent at 28,493.47 points, recording a weekly …
Read More »US stocks surge as investors bet on Fed’s soft landing
US stocks rose on Thursday after less-than-expected inflation data encouraged traders’ expectations for a soft landing for the US economy. Big Tech led the way as stocks rose on Thursday as traders celebrated yet another report that suggested that US inflation was slowing. The S&P 500 climbed 1.3% to 4,145, …
Read More »Japan’s Nikkei closed higher for the fifth day
The Japanese Nikkei index rose for the fifth consecutive session amid optimism about the recovery of the local retail sector, while financial stocks were affected by recession fears in the United States. The Nikkei index closed 0.26 percent higher, reversing early losses and posting its longest winning streak in more …
Read More »Market Drivers – US Session 12/04/2023
Stock losses accelerated Wednesday afternoon when the minutes of the Mar 21-22 FOMC meeting showed policymakers projected a “mild recession” starting later in 2023. The minutes of the FOMC meeting on March 21–22 revealed that policymakers reduced their forecasts for rate increases this year, noting that “many participants had lowered …
Read More »US stocks drop post-FOMC Minutes, signals of a mild recession
The Dow Jones Industrials Index, the Nasdaq 100 Index ($IUXX) (QQQ), and the S&P 500 Index ($SPX) (SPY) all recorded losses on Wednesday. The S&P 500 Index ($SPX) (SPY) lost -0.41%.The Nasdaq 100 posted a 2-week low on Wednesday, as stock indices gave up early gains before settling marginally down. …
Read More »Forex: Dollar is falling ahead of the release of US inflation data
The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …
Read More »Wall Street floats through a quiet US session ahead of CPI data
Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …
Read More »Dow futures rise 35 pts; caution ahead of key inflation data
Investor caution ahead of the release of significant inflation data and the minutes from the most recent Federal Reserve meeting is expected to prevent U.S. stocks from opening Tuesday’s trading session slightly higher. At 11:00 GMT, the Nasdaq 100 futures were up 20 points, or 0.2%, the S&P 500 futures …
Read More »Forex: Dollar dips as European markets return from break
On Tuesday, traders shifted their focus to U.S. inflation data due on Wednesday in search of clues as to how near U.S. rates are to peaking, and the dollar gave back the gains made the day before against the euro and the pound. As most European markets opened following the …
Read More »Japan stocks rise after the central governor’s remarks
Japanese stocks rose for the third consecutive session on Tuesday after moderate comments from the Governor of the New Bank of Japan, as well as strong economic indicators from the United States that boosted investor confidence. The Nikkei index rose 1.05 percent to close at 27,923.37 points, its highest daily …
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