Tag Archives: Wall Street

As investors evaluated a state-backed acquisition of Credit Suisse and the likelihood that the Federal Reserve would leave interest rates unchanged this week, Wall Street’s major indexes began neutral on Monday. The Dow Jones Industrial Average rose 10.35 points, or 0.03%, at the open to 31,872.33. The S&P 500 opened …

The USD/CAD pair finished the week lower around 1.3700 but far from the bottom. Next week, the key report from the Canadian economy will be February’s Consumer Price Index (CPI) on Tuesday. The kiwi was among the biggest gainers despite weak New Zealand Q4 GDP data. TheAUD/USD had the best …

Under the looming shadow of the fears related to the banking industry, central banks are now in a more challenging position. Oil prices plunged more than $5 trading around $68.444 per barrel to their lowest in more than a year, meanwhile gold prices renewed their recent rally as investors sought …

Wall Street’s main indexes surged on Tuesday as consumer prices in the world’s largest economy grew in line with expectations, supporting betting on the Federal Reserve raising interest rates by a lower amount at its next meeting. The Consumer Price Index (CPI) in the United States increased 0.4% in February, …

The collapse of Signature Bank and SVB has economists divided on whether it would affect the Fed’s decision to hike interest rates later this month. Policymakers are now dealing with financial panic and persistent inflation.The debate started late Sunday with anticipations that the Fed won’t raise rates at the conclusion …

US stocks sharply sold off on Tuesday following the comments by Fed Chair Jerome Powell who suggested that rates may need to go higher for longer, fueling fears of a potentially larger rate hike at the central bank’s March policy meeting.The Dow Jones Industrial Average was last down 402 points, …

Wall Street stocks closed February on a noticeably shaky note, raising concerns about the resilience of a rise that began in early 2023. The Dow Jones Industrial Average had a solid start to the year in January, but it declined by 4.2% in February, bringing the blue-chip index’s annual decline …

On the first day of the new trading week, the AUD/USD capped its downfall on risk-on sentiment and mixed US data. The AUD/USD pair is trimming some of its earlier losses though it remains below the 0.6800 figure after posting a daily high of 0.6743 as the week begins. Gloomy …

Risk aversion continued supporting the US dollar on Thursday, reaching fresh February highs against most major rival currencies. The dollar advanced during Asian trading hours on the back of hawkish FOMC Meeting Minutes, finding sufficient momentum during the US session following mixed US data.Economic Data The annualized pace of growth …

Wall Street’s major indices opened higher on Wednesday, a day after their worst performance this year, as investors await minutes from the Federal Reserve’s policy meeting in search of new clues to the path of interest rates. The Dow Jones industrial average advanced 39.74 points, or 0.12 percent, to 33,169.33 …