Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform India’s booming economy is exhibiting a stark contrast between the ultra-wealthy and the middle class, a trend reflected in the stock market’s response to consumer and luxury goods. Despite impressive growth, consumer companies in sectors like toiletries and appliances are not keeping […]
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech The Australian Dollar (AUD) faced a downturn for the second day in a row on Friday, influenced by the strengthening US Dollar (USD). This change in the currency market came in the wake of mixed signals from the US economic data. The […]
Japan’s Stocks Fluctuate, Yen Nears 150 Following BOJ’s Predicted Policy Shift
Japan’s Stocks Fluctuate, Yen Nears 150 Following BOJ’s Predicted Policy Shift On Tuesday the Japanese stock market experienced notable fluctuations, while the national currency, the yen, weakened to a level close to 150 per dollar. This market activity followed the Bank of Japan’s landmark decision to conclude its eight-year practice of negative interest rates, marking […]
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits The price of XRP, a popular altcoin, experienced a downturn, reaching $0.62 on Friday. Despite this drop, it managed to stay above the crucial $0.60 mark, a psychologically significant level for traders and investors. This recent price movement has been primarily attributed to […]
Morgan Stanley: Global Funds Reinvest in China Stocks
Morgan Stanley: Global Funds Reinvest in China Stocks As February concluded, the dynamics surrounding Chinese equities experienced a significant shift. Recent data compiled by strategists Gilbert Wong and Laura Wang, published in a March 4 note, highlighted a noteworthy deceleration in the outflows from Chinese stocks. Importantly, regional active managers began increasingly focusing on sectors […]
China’s Economy Exhibits Robust Stability
China’s Economy Exhibits Robust Stability The Chinese economy is currently displaying significant potential and promising prospects, according to Liu Jieyi, spokesperson for the second session of the 14th National Committee of the Chinese People’s Political Consultative Conference. In a recent news conference held on Sunday, Liu expressed a positive outlook on the future of China’s […]
EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840
EUR/USD Falls Amid Risk-Aversion Before Eurozone, US Data; Trades Near 1.0840 The Euro/US Dollar exchange rate, known as EUR/USD, has seen a decrease, reaching nearly 1.0840 in the Asian market on Wednesday. This drop is mainly because traders are being very careful due to some important economic reports that are expected to be released soon. […]
What is the Clearing and Settlement Process in the Stock Market?
What is the Clearing and Settlement Process in the Stock Market? Navigating the stock market can seem like a daunting task, especially when it comes to understanding the clearing and settlement process. At Xtreme Markets, we believe in making stock trading accessible and easy to understand for everyone. So, let’s break down what clearing and […]
UK Consumer Confidence Declines Due to Economic Uncertainty
UK Consumer Confidence Declines Due to Economic Uncertainty UK consumer sentiment dipped in February, reflecting a hesitancy among households to increase spending, despite indications that the economy might be recovering from a recent mild recession. The decline was noted in the GfK’s key sentiment gauge, which fell by 2 points to a level of -21, […]
Nikkei Index Temporarily Reaches Highest Point in 33 Years
Nikkei Index Temporarily Reaches Highest Point in 33 Years On Tuesday morning, the Nikkei Stock Average experienced a significant surge, reaching its highest session point in 33 years. This notable increase was primarily driven by the performance of technology stocks, which mirrored the upward trend observed in major tech companies in the United States. During […]
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low
Japanese Yen Continues Downward Trend Versus US Dollar, Reaching Almost Two-Week Low The Japanese Yen continued its downward spiral against the US Dollar, marking the third consecutive day of decline as it touched a new two-week low in the European trading session. The drop is attributed to several domestic and international factors exerting pressure on […]
WTI Stays Guarded, Holding Above $72.00 During Sparse Holiday Trading Period
WTI Stays Guarded, Holding Above $72.00 During Sparse Holiday Trading Period Western Texas Intermediate (WTI), a key benchmark for U.S. crude oil, is hovering around $72.15, reflecting the market’s cautious stance in the waning days of the year. The slight dip in WTI prices is being influenced by a modest recovery in the U.S. Dollar […]
Alphabet’s Stock Surges Due to AI
Alphabet’s Stock Surges Due to AI Alphabet Inc., the parent company of the search engine behemoth Google, has been making headlines with its stock (NASDAQ: GOOGL)(NASDAQ: GOOG) experiencing a notable surge, closing Monday’s trading session with a 2.4% increase, as reported by S&P Global Market Intelligence. This uptick is part of a larger trend within […]
Yellen Calls for China to Transition Away from State-Driven Economic Practices Deemed ‘Unfair
Yellen Calls for China to Transition Away from State-Driven Economic Practices Deemed ‘Unfair In a recent address, US Treasury Secretary Janet Yellen urged China to reconsider its state-centric economic model, which she believes is deterring investors. She highlighted the dominance of state-owned enterprises and the extensive influence of China’s security apparatus as major impediments to […]
Japan Approves Tax Reductions to Aid Families, Combat Deflation
Japan Approves Tax Reductions to Aid Families, Combat Deflation In Japan, the government’s tax reform committee, part of the ruling Liberal Democratic Party, has reached a consensus on reducing income tax rates. This move is designed to alleviate the financial strain on households amidst the rising costs of living, signaling a shift from the longstanding […]
Asian Stocks Decline Due to Chinese Market Impact, Dollar Experiences Weakness
Asian Stocks Decline Due to Chinese Market Impact, Dollar Experiences Weakness Asian markets experienced a downturn on Friday, influenced by Chinese shares and with little direction from Wall Street, closed for a holiday. Meanwhile, the dollar remained subdued as expectations grow that U.S. interest rates have reached their peak. Japan’s core consumer inflation and factory […]
China Strives to Quell Property Market Concerns, Aims to Close $446 Billion Financing Shortfall
China Strives to Quell Property Market Concerns, Aims to Close $446 Billion Financing Shortfall China is intensifying efforts to address a significant shortfall in the real estate sector, pushing banks to address an estimated $446 billion gap required for stabilizing the market and completing millions of unfinished housing units. The government is nearing completion on […]
Market Trepidation as Investors Anticipate Federal Reserve’s Next Moves
Market Trepidation as Investors Anticipate Federal Reserve’s Next Moves As trading commenced this week, apprehension took hold of the global markets, resulting in a dip in stock prices and raising questions about the Federal Reserve’s upcoming policy decisions. Asian equity benchmarks, which had been on a steady climb, were halted in their tracks. Notably, South […]