Another day, yet another scare for the already struggling European economy, as stocks closed lower on Thursday after the BOE attempted to stabilize the market. Europe’s Stocks Slide Again Reports indicate that the pan-European platform, Stoxx 600, is down 1.8%, with automotive stocks leading the slumps with 5%. This implies that the significant market has … Read more
Wednesday’s stock market was in disarray following traders’ difficulty in finding their footings following the slump in the S&P 500 as it battled a bearish low in the previous session. Europe Stocks in Fresh Turmoil Dow Jones Industrial Average futures fell 57 points — roughly 0.2%. S&P 500 futures tumbled 0.4%, while Nasdaq 100 futures … Read more
Monday September 26 was another bloody day for the stock market as investors rued rising interest rates and the surging forex debacle on the equity market. Dow Jones Plunges as Foreign Currency Plunges On Monday, the Dow Jones Industrial Average was at its lowest as investors expressed concerns over surging interest rates. In addition, the … Read more
Europe faces a bleak economic outlook following a series of supply disruptions all over the bloc and the impact of the war between Russia and Europe on energy and food supplies. Investment Banking Giant Warns Investors as Stocks Plummet Willem Sels, HSBC’s global chief investment officer, revealed that investors should steer clear of Europe. In … Read more
Thursday, September 22, is a busy day for most markets as the United States Federal Reserve increased interest rates to 75 basis points (bps) after a brief wait. Fed Imposes 75 Basis Points as Interest Soars The equity market woke up to the news that the Fed has pushed the interest rate to 75 basis … Read more
The current situation facing most central banks is too delicate as policymakers struggle to keep the biting inflation under control with little success. Missed CPI Index The consumer price index (CPI) consensus prediction for the United States was off target. The CPI index increased by 0.1% when experts believed it would decline. However, analysts must … Read more
Stocks in the United States are experiencing a woeful trading session on Friday as concerns about another losing week dominate the headlines. Uncertain Economic Growth The U.S. economic forecast has been gloomy for Friday morning. Future economic performance seems uncertain after the delivery giant FedEx released early warnings regarding its earnings. The Dow Futures contract … Read more
The impact the consumer price index (CPI) has on equities has reached a psychological level as rising inflation continues to take its toll on the commodity market. Equities Market Groans Under Worsening CPI The commodity market is not a stranger to plummeting value, but the current happenings are a bit complex. It seems that it … Read more
APAC Overview Overnight sessions saw the Nikkei climbing by 2.31%. That came after Japan’s economy soared more than first reported in Q2. GDP (Gross Domestic Product) grew by 3.5% in Q2 year-on-year. That was stronger than the 2.2% annualized preliminary estimate. Also, the GDP growth was better than the 2.9% median market prediction. Private consumption … Read more
The EUR/USD pair price action following a hawkish European Central Bank (ECB) Thursday session was disappointing as the meeting failed to address the lingering value slump of the Euro. The ECB’s Cautious Stance Offers Little Approval According to ING economic experts, they expect the EU energy ministers’ discussion to put additional downward pressure on the … Read more
