Market Update

Optimism on the US economy dived to an 18-month low as omicron infection levels exploded in addition to the hot inflation hitting unprecedented highs according to the latest IBD/TIPP Poll.The major shift came among investors, who are suddenly feeling more bearish about the US economic scene than they have been …

US stocks fluctuated on Tuesday and the 3 main indices were on track to recover from early losses as investors followed Fed Chair Senate confirmation hearing which strengthened the case for tightening to tame inflation although Powell predicted a “long road to normal” in monetary policy.The US inflation report due …

Major European stock indexes closed higher on Tuesday, ending a three-day losing streak, as tech shares rebounded and as investors welcomed upbeat corporate updates.Delivery Hero jumped 5% after saying it expects its food delivery business to break even during the second half of 2022 as demand has soared since the …

Fed Chair Jerome Powell, speaking at the Senate hearing for his re-nomination, reiterated on Tuesday that he expects the economy to be able to deal with the current and future Covid-19 outbreaks. He also noted that inflationary pressures are set to remain elevated well into 2022. Jerome Powell, added that …

WTI crude oil has pulled back from session highs above $80.00 as US equities came under selling pressure at the opening of the North American session.Crude oil is expected to continue to perform better than equities, which are suffering from the Fed’s hawkish policy, if the demand outlook remains strong.Amid …

The US Federal Reserve will use all the available and necessary tools to support the American economy and to help the labour market to grow stronger.Fed is determined to prevent higher inflation from becoming entrenched according to the prepared remarks from Jerome Powell confirmation hearing before the Senate Banking Committee. …

Fed policymaker Richard Clarida announced on Monday that he would resign from his post as Vice Chairman of the FOMC on Friday, two weeks before his term on the central bank’s board of governors had originally been scheduled to end. His announcement of early resignation follows a recent increase in …

The markets are awaiting the testimony of US Federal Reserve Chairman, Jerome Powell, today, but it is not only Jerome Powell who will be speaking today but also several US Fed officials, first and foremost Raphael Bostic. Atlanta Federal Reserve President Raphael Bostic told Reuters on Tuesday that March would …

European shares rose on Tuesday, with investors returning to the technology sector after declining for seven days due to fears of rising interest rates. A group of positive corporate results also supported stocks. The pan-European Stoxx 600 index rose 1.1 after US stocks rose in late trading, supporting Asian stocks. …

The dollar fell on Tuesday but remained within its recent swing range as investors awaited a speech by US Federal Reserve Chairman Jerome Powell at a session of Congress later on Tuesday. European shares rose in early trading after a rebound in late trading in the US stock market, while …