About: anakin
Recent Posts by anakin
Market Outlook – Interesting week ahead for Australia, New Zealand, and Canada
Written on May 18, 2023 at 7:48 am
Categories: Today's Analysis
Stocks Rise as Hope Grows for U.S. Debt Ceiling Deal, Averting Default
Stocks experienced a positive surge as investors remained hopeful that an agreement on the U.S. debt ceiling could be reached between congressional leaders and President Joe Biden, thereby averting a catastrophic default. The Dow Jones Industrial Average rose by 408.63 points or 1.24%, reaching 33,420.77, while the S&P 500 increased by 1.19% to 4,158.77, andContinue Reading
Written on May 18, 2023 at 2:16 am
Categories: Today's Analysis
Stocks Slide as Home Depot Disappoints and Debt Ceiling Talks Intensify
Stocks experienced a decline on Tuesday, influenced by Home Depot’s underwhelming forecast. The financial market also focused on a crucial meeting between President Joe Biden and congressional leaders regarding the U.S. debt ceiling. The Dow Jones Industrial Average closed below its 50-day average for the first time since March 30, with a drop of 336.46Continue Reading
Written on May 17, 2023 at 2:54 am
Categories: Today's Analysis
Debt Ceiling Negotiations and Economic Data Influence Stock Market, Retail Reports Awaited
The S&P 500 experienced a slight increase at the beginning of the week as traders analyzed ongoing negotiations regarding the debt ceiling. The broader index rose by 0.3% to reach 4,136.28 points. Meanwhile, the Dow Jones Industrial Average ended its five-day losing streak, gaining 47.98 points (0.14%) and reaching 33,348.60 points. The tech-heavy Nasdaq CompositeContinue Reading
Written on May 16, 2023 at 2:38 am
Categories: Today's Analysis
Week Ahead: Markets to Focus on US Retail Sales and Australia Wage Price and Employment Change
The financial industry anticipates major economic reports this week, focusing on the US Retail Sales and Australia Wage Price Index and Employment Change. These reports are crucial for traders navigating the markets and making informed decisions. NY Empire State Manufacturing Index | US (15 May)The NY Empire State Manufacturing Index unexpectedly jumped to 10.8 inContinue Reading
Written on May 15, 2023 at 2:11 am
Categories: Today's Analysis
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