The Fed released its most recent survey on the health of the economy. Five of the 12 districts reported moderate or modest gains in overall economic activity. The number of job postings in the US decreased less than anticipated in November. The benchmark overnight lending rate now rests in a target range of 4.25%–4.50%. According … Read more
The Federal Reserve has raised its benchmark lending rate six times this year, including four 0.75-point jumps. In June, the US annual inflation rate reached 9.1%, the highest level in four decades. Waller noted a “widespread” price downturn, including a decrease in services costs. Recent evidence of lessening inflation pressures and a sluggish US economy … Read more
The S&P 500 fell 2.1% to 3,640.47, marking its lowest closing price since November 2020. The Dow Jones Industrial Average declined 1.5% to 29,225.61, and the Nasdaq Composite Index dropped 2.8% to 10,737.51. Thursday’s economic figures revealed a decline in weekly US unemployment claims, indicating a robust labor market. As US stocks yield began their … Read more
The yen depreciated against the U.S. dollar to a new 24-year low. Loretta Mester stated that she expects the central bank to raise interest rates over 4 percent by the beginning of next year. Fast retailing dropped by 1.34 percent. Concerns are mounting among investors that the Federal Reserve’s rate hikes targeted at tamping down … Read more
All three major U.S. indexes posted solid gains. This reversed Thursday’s sell-off was driven by downbeat guidance. All three indexes ended below last Friday’s close. As markets were spooked by hot inflation data. The S&P 500 and the Nasdaq closed at record levels on Friday. Wall Street stocks shut down pointedly higher on Friday, finishing … Read more
The meetings come as the yen is trading at 24-year lows. Yellen’s conversations will include her assessment of the U.S. The Bank of Japan is expected to raise its inflation forecast but maintain ultra-low interest rates. Janet Yellen, the U.S. Depository Secretary met with Bank of Japan Governor Haruhiko Kuroda on Tuesday, the Treasury Department … Read more
Federal Reserve officials highlighted the need to fight inflation even if it meant slowing economy. Members predicted that another 50- or 75-basis point move would likely occur at the July meeting. One tenth of a percentage point is referred to as a basis point. According to meeting minutes disclosed on Wednesday, Federal Reserve officials highlighted … Read more
Between January and June, the S&P 500 fell 20.6 percent, marking its worst start since 1970. Concerns about how forceful central banks will need to be to contain inflation have increased. Lockdowns on the coronavirus in China have also increased anxiety. Few investors will have had a more difficult start to a year than the … Read more
Recession is the looming threat that investors have overlooked for months. Bank survey of clients to 4.11% in the recession predicting model of the New York Federal Reserve. The first six months were full of surprises, including inflation and largest selloff in bonds in decades. As per media sources, US markets are beginning to fear … Read more
All three major U.S. stock indexes finished the month and second quarter in negative territory. The S&P 500 suffered its steepest first-half percentage drop since 1970. The S&P 500 recorded its largest June percentage decline since the financial crisis. WBA fell after its quarterly profit plunged 76%, hurt by opioid settlement and waning pharmacy sales. … Read more
US stocks have their worst first half in more than 50 years. Fed’s attempt to stop inflation and worries about global growth blamed. S&P 500 index has lost 20.6% in first half of 2022, Nasdaq Composite has lost about 30% this year. The first half of the year for US stocks was the worst in … Read more
Nasdaq Composite fell 3% and S&P 500 closed 2% lower. Hong Kong-listed technology firms led the loss, with the Hang Seng Tech index falling up to 2.4%. Japan’s Topix fell by 0.9%, South Korea’s Kospi plunged 1.9%. Asian stocks followed US equities lower on Wednesday after a disappointing US consumer sentiment survey eroded investor confidence. … Read more
Stoxx Europe 600 index was up 0.6% by early afternoon in London, following its first weekly rise in a month. FTSE 100 in London and the Xetra Dax in Frankfurt each gained 0.7%. Wall Street’s benchmark S&P 500 index will maintain its 3.1% gain on Friday and advance 0.5%. European shares and US stock futures … Read more
US stocks are on course for worst first half of the year in more than half a century. Bonds, which investors rely on to offset stock market drops, have performed poorly. US bond market is down 10.8 percent year-to-date, putting it on pace for its worst performance. With US stocks on course for their worst … Read more
The Dow Jones Industrial Average was up 1.3 percent at 31,068.91. The S&P 500 rose 1.6 percent to 3,854.59. The tech-heavy Nasdaq Composite Index rose 2.0 percent to 11,455.97. US stocks rise, nearing the end of a winning week for equities amid prospects of a market resurgence following a difficult spell. Stocks have been falling … Read more
Euro falls against the dollar as economic data points to heightened chances of recession. UK’s private sector business activity languishing at its lowest level for more than a year. US PMI data also showed a slowdown in growth similar to that in Europe, but Wall Street stocks rose. The euro fell against the dollar on … Read more
Fed Chair Jay Powell told US senators that a recession is “certainly a possibility”. The possibility of a recession decreased the price of Brent oil by 1.6% to $110 a barrel. regional Stoxx 600 index fell 0.6%, while the FTSE 100 index fell 0.9% and Germany’s Dax index fell 0.4%. As markets processed statements from … Read more
The benchmark FTSE 100 index in London reached 7,148.03 points on Tuesday, representing an increase of 0.4 percent. Frankfurt’s DAX rose by 0.9 percent to 13,381.65 points within the eurozone. The Paris CAC 40 rose by 1.2 percent to 5,989.52 points. European equities markets surged more in early trading, echoing gains across Asia as markets … Read more
Oil prices fall after the Federal Reserve raises interest rates. Data shows a build in U.S. crude stocks and distillate inventories, while gasoline posts drawdown. A stronger dollar makes oil more expensive for holders of other currencies, curtailing demand. Drivers around the world were tolerating record-high prices for road fuels, data showed. Oil costs fell … Read more
The S&P 500 rose more than 1% in choppy trade on Wednesday. The Federal Reserve raised interest rates to meet market expectations. The central bank is trying to fight rising inflation without tilting the economy into a recession. It projected a slowing economy and rising unemployment for months to come. The S&P 500 rose over … Read more
Canola oil prices have more than tripled since Russia’s invasion of Ukraine. The Federal Reserve is under pressure to act quickly following last Friday’s. Disappointing consumer price index report, which showed an 8.6 percent increase year over year. US restaurateur James Mallios has long prided himself on culinary authenticity, paying more on sunflower oil because … Read more
Hong Kong shares closed higher on Wednesday Bargain hunters came in after a bruising sell-off at the start of the week. The Federal Reserve’s interest rate decision later in the day also drew attention. Stocks closed higher in Hong Kong on Wednesday as bargain hunters came in after a bruising sell-off at the start of … Read more
According to the Wall Street Journal, Fed policymakers are considering a 75-basis-point rate hike this week. Bond yields alluded to a more aggressive Fed, with the 10-year Treasury yield rising to 3.37 percent, while the 2-year yield, which closely reflects Fed intentions, rose to 3.34 percent. Markets are beginning to anticipate even faster rate hikes, … Read more
Indian rupee hits record low against US dollar ahead of an interest rate hike this week. The rupee hit 78.2825 per dollar for the first time on Friday. Sensex index slides 2.1 percent as foreigners take out $24 billion from local stocks. The Indian rupee hit a record low against the US dollar on Monday, … Read more
Markets fall in Asia on Monday, extending a global decline. US inflation data fuels hopes of more aggressive Federal Reserve interest rate hikes. More restrictions in China’s biggest cities also weigh on oil prices amid concerns over the world. Markets fell in Asia on Monday, extending a global decline, as the dollar rose after a … Read more
The dollar rose against major rivals, owing to its status as a safe-haven investment. The possibility of more Covid restrictions in China’s biggest cities also weighed on crude futures. Bitcoin tumbled to an 18-month low under $25,000 as investors shunned risky assets. Global markets, oil prices, and bitcoin all fell on Monday as recession fears … Read more
Asian shares make a muted start as caution grips ahead of the U.S. inflation report on Friday. Oil prices jump after Saudi Arabia raises prices for its crude sales in July. S&P 500 futures and Nasdaq futures edge up 0.1%, while Japan’s Nikkei eases 0.3%. Asian offers made a muffled beginning on Monday as wariness … Read more
Recessions are notoriously difficult to forecast, but there is growing agreement among big banks. Bank of America, and Deutsche Bank, etc are among the most prominent firms forecasting. Famous economists that a slump is on the way. Recessions are notoriously difficult to forecast, but there is growing agreement among big banks and famous economists that … Read more
