The recovery of the US stock market will be put to the test by inflation
The recovery of the US stock market will be put to the test by inflation The rise that brought US stocks back from the brink of a bear market will be put to the test next week, when consumer price data will reveal how much more the Federal Reserve will need to do to combat […]
To begin June trading, stocks are down
To begin June trading, stocks are down After a volatile trading month, US stock indices fell on the first day of June. The three major US indexes all gave up their morning advances. To close at 4101.23, the S&P 500 dropped 30.92 points, or 0.7 percent. The Dow Jones Industrial Average dropped 176.89 points, or […]
Stocks end a bumpy month with a drop as the rally fades
Stocks end a bumpy month with a drop as the rally fades After a recovery late last week failed to maintain pace, US stocks ended a bumpy month of May down on Tuesday. In a turbulent session, the S&P 500 dropped 0.6 percent, while the Dow Jones Industrial Average dropped 220 points, or 0.7 percent. […]
Global oil prices have risen again as EU negotiates with Hungary
Global oil prices have risen again as EU negotiates with Hungary Oil prices increased on Thursday, extending a cautious advance this week on signals of constrained supply, as the European Union (EU) negotiates with Hungary over plans to prohibit imports from Russia, the world’s second-largest crude supplier, following its invasion of Ukraine. At 0142 GMT, […]
Fears of slower growth in U.S.A have caused stock markets to tumble
Fears of slower growth in U.S.A have caused stock markets to tumble After statements from social media company Snap and poor economic data raised concern that the US economy was about to decline dramatically, investors sold stocks on Tuesday and bet on a less aggressive Federal Reserve policy. On Tuesday, the NASDAQ Composite, which is […]
Oil rises as traders consider a tight fuel market and poor global growth
Oil rises as traders consider a tight fuel market and poor global growth Investors evaluated tight product markets against concerns about slowing global growth as oil prices increased at the start of the week. Following four weeks of advances, West Texas Intermediate rose beyond $111 a barrel, the longest such run since February. Prices of […]
In the idle markets, XAU/USD remains protective at $1,800
In the idle markets, XAU/USD remains protective at $1,800 As global markets battle for clear directions to extend the previous optimism, gold (XAU/USD) prices drop from intraday highs, being range-bound near $1,813-18. During a sluggish Asian session on Wednesday, the precious metal maintained its previous day’s fall from the 200-DMA. The current Fed speak is […]
Oil prices starting to fall as EU tries for Russia import ban
Oil prices starting to fall as EU tries for Russia import ban Oil prices fell in early Asian trade on Tuesday as the European Union’s efforts to establish a ban on Russian oil imports, which would reduce global supply, were met with opposition from Hungary. At 0004 GMT, Brent crude prices were down 35 cents, […]
Stocks finish mixed as tech stocks face additional pressure
Stocks finish mixed as tech stocks face additional pressure On Monday, U.S. stocks finished mixed, with shares unable to find direction as fears about the economy’s prospects grew amid rising inflation. The S&P 500 finished the turbulent day down 0.4 percent at 4,008.01. The NASDAQ slid 1.2 percent to 11,662.79 as mega-cap technology giants such […]
The stock market meltdown may not be ended yet
The stock market meltdown may not be ended yet A massive outflow of funds, a $11 trillion loss, and the biggest losing run for world markets since the financial crisis of 2008. The bad news is that it may not be over yet. The MSCI ACWI Index selloff has slashed company valuations across the US […]
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics After U.S. inflation statistics failed to ease investor concerns about interest rates and the economy, US equities closed substantially lower on Wednesday, with the NASDAQ plunging more than 3% and the Dow plummeting for the fifth day in a row. The […]
Gold rates are approaching their lowest in three months, while silver prices are also down
Gold rates are approaching their lowest in three months, while silver prices are also down Gold prices in plummeted to near three-month lows ahead of the release of monthly US inflation statistics, which experts believe would have an influence on the Federal Reserve’s monetary policy stance. Later in the day, at 6 p.m., the US […]
Dow falls for the fourth day in a row
Dow falls for the fourth day in a row On Tuesday, the market fluctuated between gains and losses as concerns about inflation, interest rates, and the economy weighed on investors. The NASDAQ Composite, which is heavily weighted in technology, was up 2.8 percent at one point. Stocks had virtually lost those gains by late morning, […]
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules Opec+ members are anticipated to agree on a small rise in oil output on Thursday (May 5), boosted by threats to demand due to coronavirus restrictions in China. Russia’s invasion of Ukraine has further heightened supply fears, which have been […]
Stocks increase for the second day in a row ahead of the predicted Fed move
Stocks increase for the second day in a row ahead of the predicted Fed move U.S. stocks climbed marginally as investors awaited a key Federal Reserve decision. The S&P 500 increased 0.48 percent to 4,175.48. The Dow Jones Industrial Average closed at 33,128.79, up 67.29 points, or 0.20 percent. The NASDAQ Composite, which is heavily […]
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3%
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3% Wall Street’s main indexes fell on Monday, giving up early gains in tragic trade, as investors became more cautious ahead of this week’s Federal Reserve meeting, when officials are largely anticipated to hike interest rates. In addition to the weakening in […]
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The Dollar Elevated after Treasuries Enfeeble Current Strength
The Dollar Elevated after Treasuries Enfeeble Current Strength The U.S currency was high on Friday Morning in Asia however, was ready to call off the week with a terrible successive weekly drop in 2021. The U.S. Dollar Index traces the greenback slightly up by 0.10% to 91.713 against the basket of other currencies. The […]