Tag Archives: recession concerns

The major Wall Street indexes started the day higher on Thursday after Meta Platforms, Eli Lilly, and Comcast reported results that were better than expected, outweighing statistics that indicated the U.S. economy slowed down more than predicted in the first quarter. At the start of trading, the Dow Jones Industrial …

Wall Street moved in an erratic manner, ending the trading week with minor losses. The major indices retreated from their monthly highs. The mid-May rally has encountered resistance. The stock market appeared to be heading nowhere on Friday due to a lack of conviction, a week’s worth of company financial …

The monthly employment report from the United States was sufficient to resurrect worries about economic growth and the possibility of entering a recession. After a long weekend, Australia will announce Westpac Consumer Confidence.The AUD/USD pair falls for a sixth day in a row close to the 0.6600 level. After Wall …

Tuesday saw a lower closing price on Wall Street as signs of a slowing economy increased worries that the Fed’s efforts to contain decades-high inflation may trigger a severe recession.All three major indices declined after statistics revealed that industrial orders dropped for a second consecutive month and that job vacancies …

The US dollar managed to recover some of its early losses, but the day still ended unevenly. In spite of month-end flows, correlations were off, but risk aversion was unaffected. As Wall Street ended neutral, the majority of European indexes closed the day in the red.Key DevelopmentsThe focus was on …

Gold prices fell on Friday, on track for a third consecutive week of declines, as investors worried about the possibility of the Federal Reserve raising interest rates after a series of strong economic data. Spot gold fell 0.6 percent at $1,827.09 an ounce, after earlier falling to its lowest since …

Gold prices stabilized on Thursday due to a slight decline in the dollar and Treasury yields, but gains remained limited due to signs of the strength of the US economy, which may allow the Federal Reserve to raise interest rates again. And by 0920 GMT, spot gold rose 0.1 percent …

Gold prices regained some momentum on Thursday as the dollar weakened, but the prospect of the Federal Reserve raising interest rates again kept investors on edge. By 0333 GMT, spot gold rose 0.3 percent to $1,840.94 an ounce, after hitting its lowest level since early January on Wednesday. US gold …

Fed Vice Chair Lael Brainard’s departure to the White House stimulated speculation over who will replace her as all policymakers weigh how much further to raise interest rates.Fed watchers wasted no time in coming up with some names of their own after Brainard’s name surfaced last month as a major …

Gold prices dropped to new 6-week lows on Wednesday, erasing almost the last of 2023’s previous 7.2% gains against the Dollar as the US currency rose and New York’s stock markets retreated with bond prices in the face of rising interest-rate expectations across developed-world economies. Dipping as low as $1832 …