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US stocks are moving lower on Friday
US stocks suffered from daily losses last Friday, witnessing heavy selling pressure, and extended their weekly rout following data that showed the core PCE rose at the highest rate in six months. The annual Core PCE Price Index, which is also the Federal Reserve’s preferred gauge of inflation, edged higher to 4.7% and came inContinue Reading
Week ahead: All eyes on US ISM Manufacturing and Services PMI
This week, the markets will be watching closely as two of the most influential economic indicators – US ISM Manufacturing and Services PMI figures – are released. With these reports being used to measure the overall health of the US economy, the results could have a dramatic effect on financial markets worldwide. This makes themContinue Reading
Economic data signal potential hike rates in the next meeting
US stocks advanced higher on Thursday, regaining upside momentum, and rose in a jittery session after US indexes trimmed part of their losses ahead of the close. The impressive rebound witnessed in huge companies like Microsoft Corp. and Apple Inc has underpinned the Nasdaq 100 despite the hawkish FOMC Meeting Minutes and mixed United States figures. On Thursday,Continue Reading
Weekly Dividend Adjustment Notice – February 23, 2023
Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading
Fed members agreed to more hikes to achieve the inflation target
US stocks declined lower on Wednesday, witnessing some selling momentum, and failed to sustain their rebound after the Federal Reserve signaled that interest rates will continue moving higher amid ongoing inflation concerns. As per the latest Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes, all participants agreed more rate hikes are needed to achieve the inflationContinue Reading
