What You Need to Know This Week
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the […]
Weekly Market Outlook: Can the NFP Report Confirm Rate Cut Optimism?
Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank […]
Stocks Rise as Federal Reserve’s Preferred Inflation Measure Softens
Stocks piled on gains Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts. The S&P 500 (^GSPC) rose 0.1%, on the heels of ekeing out a third record-high close this week. The Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) gained around […]
What Powell’s Recalibration Means for Commodities: Pros and Cons
What Powells Recalibration will and wont do for commodities Good morning Investors! Fed Chairman Jerome Powell and his merry band somewhat surprised markets following their most recent policy-setting meeting on September 18, cutting the official short-term (federal funds) rate by 50 basis points rather than 25. Some took this as a sign that the U.S. […]
Brent Crude Prices Drop Back to $75 a Barrel Amid Renewed Concerns Over Demand
Brent crude oil prices fell by 4% due to concerns about weakening demand from China. The disruption in Libyan oil production has had a limited impact on prices so far, but the situation remains uncertain and could cap further downside. OPEC+ plans to increase oil supply in October, which could further pressure prices. Most Read: […]
2 Resilient Dividend Stocks to Consider During a Stock Market Dip
These dividend players could lift your portfolio no matter what the market is doing. The stock market is going strong, with the S&P 500 index heading for a 19% gain so far in 2024, confirming its presence in a much-awaited bull market. These periods of market growth and optimism generally last longer than bear markets, […]
Interested in becoming a tech company? Start by prioritizing value
Want to be a tech company? Build with value in mind Listen in to any corporate conference call, whether the company is in retail or telecoms or finance, and there’s a good chance you will hear: “We need to be a tech company.” But what does that mean? For a start, here is what it […]
US Futures Rise on Positive Fed Commentary and Chinese Stimulus Measures
US stocks inched up before the bell on Tuesday, poised to pick up on a winning streak as pro-rate-cut Fedspeak and China’s launch of aggressive stimulus lifted market spirits. Dow Jones Industrial Average futures (YM=F) rose roughly 0.1%, while S&P 500 futures (ES=F) edged above the flatline on the heels of a record close. The […]
China Cuts Interest Rates: PBoC’s Stimulus Package Welcomed by Markets
The People’s Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as […]
Asian Stocks and European Futures Rise Following PBOC Stimulus: Market Summary
(Bloomberg) — European stocks are set to open higher after Asian peers rallied on a slew of stimulus measures announced by China’s central bank to shore up economic growth and stem a selloff in the equity market. Most Read from Bloomberg Contracts for the Euro Stoxx 50 climbed 0.5% as MSCI’s Asia Pacific gauge headed […]