Because of declining US Treasury bond yields, silver prices are trading at fresh monthly highs above $24 per ounce. At the time of writing, silver is trading at $23.974 at the time of writing.US markets are expected to end the month with gains as sentiment continues to be the session’s …
Read More »U.S. stocks are rising after inflation data boosts hopes for Fed pause
As a crucial inflation figure came in lower than anticipated, U.S. equities were up. The Dow Jones Industrial Average was up 171 points, or 0.5%, at 10:01 ET (14:01 GMT), while the S&P 500 and the NASDAQ Composite were also higher. The Federal Reserve constantly monitors the personal consumption expenditure …
Read More »Dow jumps more than 100 points on easing banking fears
With a gain of 0.57%, the S&P 500 finished at 4,050.83. The broad market index reached its highest point since March 7 throughout the day. The Nasdaq Composite rose 0.73% to close at 12,013.47 as investor interest in tech equities remained high. To close at 32,859.03, the Dow Jones Industrial …
Read More »US stocks make biggest moves midday
US stocks pared back a rally as investors digested a round of comments from Federal Reserve officials suggesting more monetary tightening was needed to fight inflation even in the wake of turbulence in the banking sector. The S&P 500’s advance withered to 0.3% with financials again under pressure, while the …
Read More »Market Overview: Wall St poised to join stocks advance
When investors turned their attention to analysing their end-of-quarter positions, Wall Street prepared to follow the rise in global equities, which reached their highest level in three weeks on Thursday. This rise was supported by expectations that the crisis in the banking industry is resolved. Government bonds in the euro …
Read More »Market Drivers – US Session 29/03/2023
On Wednesday, the US Dollar Index (DXY) recovers while traders’ attention shifts to the looming US inflation data. The Forex market offers no clear signs ahead of crucial inflation data from the Euro Area and the US. The US Dollar is moving between gains and losses despite risk appetite. The …
Read More »Market Drivers – US Session 28/03/20
Despite Wall Street’s losses on Tuesday, markets remained calm. When emphasis shifts to inflation statistics, banking concerns abate. Even though US rates increased, the US Dollar remained weak and dropped for the second straight day. Australia’s inflation data will be crucial on Wednesday before the next RBA meeting. The US …
Read More »Stocks close lower as Wall Street regains stability
While Wall Street regains some stability at the close of what has been a turbulent month, stocks were divided on Tuesday. The S&P 500 fell 6.26 points, or 0.2%, to 3,971.27 even though the vast majority of the index’s companies increased. The Nasdaq composite dropped 52.76, or 0.4%, to 11,716.08 …
Read More »Market Drivers – US Session 27/03/2023
The week has generally started off quietly and optimistically on the financial markets. Due to a lack of any significant economic news during the US session on Monday, the Dollar Index (DXY) seemed unable to gain from higher T-yields.Key Developments On Monday, the DXY lost gains and fell under 103.00 …
Read More »Wall Street gains as banking crisis worries ease after SVB deal
Main indexes, on Wall Street, climbed on Monday as worries about the banking sector eased following a buyout deal for the deposits and loans of the collapsed US Silicon Valley Bank.The deal is about First Citizens’ acquisition of parts of Silicon Valley Bank which collapsed earlier in March in the …
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