A Wall Street firm sees a bumpy yet rewarding wave with semiconductor stocks in 2022 and named Nvidia stock its top pick. Several analysts are still optimistic about semiconductor stocks, despite their recent downturn. Some go further to call semiconductors the new oil of the rapidly digitizing global economy.Semiconductors do …
Read More »Wall Street Slips as Walmart Warning, Jobless Claims Spark Economic Fears
The Dow Jones Industrial Average plummeted over 1.40% to 43,980 on Thursday as investors grappled wi…
Market Drivers and Update; US Session: PMIs in Focus
The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or p…
Looming Impact of Fresh EU Sanctions on Commodities Expected
The European Union’s latest round of sanctions against Russia, the sixteenth since the invasio…
Fort Knox’s US Gold Reserve to be Audited, Administration Says
The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox …
Fed Official Flags Upside Inflation Risks, Warns of Stagflation Threat
St. Louis Fed President Alberto Musalem expressed concerns Thursday about the potential for persiste…
Explainer: What the loss of Fed’s independence could mean
Trump as well as other Wall Street forces attempt to limit the Fed’s independence. Though it r…
Dollar Wobbles After Jobless Claims Disappoint, China Deal Hints Emerge
The US dollar stumbled on Thursday, giving up Wednesday’s gains and falling below 107.00 on th…
Oil Prices Steady After Recent Gains, U.S. Crude Stockpiles Weigh on Market
Oil prices were little changed on Thursday, as a rise in U.S. crude inventories pressured the market…
European Markets Mixed as Investors Digest Corporate Earnings
European stock markets traded in a mixed fashion on Thursday, as investors closely monitored corpora…
Bitcoin Holds Steady Amid Market Uncertainty, Awaiting Directional Catalyst
Bitcoin traded in a tight range on Thursday, as investors remained cautious amid ongoing U.S. tariff…
Market Analysis
January, 2022
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10 January 2022 11:47 pm
Disney Hong Kong Closure Could Push Risk Aversion Ahead
An investor’s mind is a funny thing when it comes to risk-return judgment. Research on risk-aversion has found that most investors dislike losses more than they find joy from gains. The result from this is that the magnitude of market selloffs pushed by news are worse than the velocity of …
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10 January 2022 11:25 pm
Bitcoin Briefly Lowest Since September As Investors Shed Risk
The price of bitcoin fell at one point Monday to its lowest low since September 2021, as rising rates continue leading investors to shed positions in risky, growth-oriented assets.Bitcoin fell as much as 6% to touch a low of $39,771.91, according to Coin Metrics, but has since reclaimed some of …
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10 January 2022 10:02 pm
US, UK Stocks Display Lower Start This Week
UK stock markets shed 0.5% to close at 7,445 on Monday, in line with its European peers, as investors across the globe traded cautiously awaiting another US inflation data later this week that could provide further guidance on the Federal Reserve’s monetary policy path.US policymakers are now expected to raise …
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10 January 2022 9:51 pm
Gold Falling Under Pressure Of Stronger US Dollar
Pressured by the rise of the US dollar, gold reversed its uptrend on Monday to record a drop to 1793 dollars per ounce, compared to the last closing, which recorded 1795 dollars per ounce.The precious metal rose to its highest level throughout the first trading session of this week at …
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10 January 2022 9:34 pm
US Inflation Level Expectations Remain at Record High
US consumer inflation expectations for the year ahead remained at a record 6% in December of 2021, the same as in November. Home price expectations rose to 5.5% from 5% in November but remained below their May 2021 peak. Also, uncertainty and disagreement about future inflation decreased and expectations about …
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10 January 2022 8:23 pm
S&P 500 Retreats Under 4600 As Fed’s Tightening-Fears Push Selling
The S&P 500 Index has dipped under 4600 and is down by another more than 1.5% as the equity downturn continues. Concerns about Fed’s tightening policy and higher US bond yields continue to be the main driver of the selling. The equity bears have picked up where they left off …
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10 January 2022 7:48 pm
US Wholesale Inventories Surge Above Expectations
Wholesale inventories in the United States rose 1.4 percent from a month earlier to $771.09 billion in November of 2021, above a preliminary estimate of 1.2 percent. Increases were seen in inventories of durables (2.1 percent), namely machinery (1.2 percent), automotive (2.7 percent) and professional equipment (0.9 percent). Also, stocks …
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10 January 2022 7:28 pm
Canadian Stocks Fall On Tech, Oil
Canada’s main stock index, the S&P/TSX, fell to three-week lows below the 21,000 mark, amid a global risk-off sentiment fueled by growing concerns that the Federal Reserve will bring forward rate hike plans. Technology stocks dipped 2.3%, falling for the sixth session in a row as bond yields continue to …
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10 January 2022 5:39 pm
Eurozone Sentix Investor Confidence Unexpectedly Jumps in January
Eurozone’s investor sentiment unexpectedly improved in the first month of 2022, the latest data published by the Sentix research group showed on Monday. The gauge jumped to 14.9 in January from 13.5 in December vs. a drop to 12.0 expected. The index rebounded sharply from the lowest levels since April …
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10 January 2022 4:06 pm
The Dollar Rises Slightly as The Chances of a US Interest Rate Hike Increase in March
The dollar rose somewhat on Monday as expectations increased that US inflation would support the prospects of a US interest rate hike, while the European Central Bank’s dovish stance weighed on the Euro lower. The dollar witnessed selling at the end of last week due to weaker-than-expected data on new …
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10 January 2022 2:40 pm
Goldman Now Expects Four Fed Hikes This Year
Goldman Sachs expects the US Federal Reserve to raise interest rates 4 times this year, in March, June, September and December, according to Bloomberg. Rapid progress in the US labour market and hawkish signals in minutes from the Dec 14-15 Federal Open Market Committee suggest faster normalisation, Goldman’s Jan Hatzius said in …
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10 January 2022 1:56 pm
European Shares Fall on Fears of a Rate Hike
European shares fell in early trading on Monday, after last week’s first weekly decline in three weeks, amid rising Covid-19 infections and increasing uncertainty over the course of interest rates. The pan-European STOXX 600 index fell 0.4 percent at 0830 GMT, weighed down by falls in the real estate, technology …
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