Tag Archives: Indices
Week ahead: Tech sell-off, inflation data drives markets
A sharp sell-off in mega-tech stocks dragged down the Nasdaq and the S&P 500. However, a cooler-than-expected inflation update suggested a nearly certain 25 basis points (bp) Federal Reserve rate cut in September. Learn how despite the tech slump, the anticipation of lower interest rates has buoyed investor sentiment.
Yen fluctuates with intervention talks; Asian shares on track for weekly gain
The yen experienced significant swings on Friday, reflecting investor nervousness after Tokyo likely intervened to support the Japanese currency following a cooler-than-expected U.S. inflation report. Learn what to expect for the Yen in coming weeks.
Nasdaq and S&P 500 hit new highs as jobs data spurs rate cut hopes
Nasdaq and S&P 500 soar to fresh records on optimism sparked by a cooling labor market. Upcoming CPI data and Powell’s speech could influence future rate cuts.
US dollar declines as job growth slows
The US dollar weakens in the face of softer job growth and expectations of potential rate cuts. Upcoming testimony by Jerome Powell may provide deeper insights.
Japan’s Nikkei edges higher with profit-taking and market adjustments
The Nikkei share average saw modest gains on Monday, tempered by profit-taking following last week’s record highs. Market sentiment remains cautious with key economic data on the horizon.
Asian stocks reach 27-month high, dollar falls on rate cut speculation
Key points Asia stocks soared to a 27-month high on Thursday, driven by softer U.S. economic data that increased the likelihood of a September rate cut. This development boosted bonds and commodities while dragging down the dollar. A holiday in the United States led to thin trading as investors awaited the outcome of the UKContinue Reading
Nasdaq composite hits record high with AI optimism and strong earnings prospects
Nasdaq composite reaches a record high driven by AI advancements. Markets focus on insights from the upcoming earnings season.
Japan’s Nikkei climbs as tech stocks follow US growth shares
Japan’s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening.
Apple and Tesla boost stocks in pre-holiday trading
Key points: The stock market experienced gains on Monday, driven by strong performances from Apple and Tesla. Despite light pre-holiday trading, the Dow, S&P 500, and Nasdaq all saw positive movement. Investors are eagerly awaiting labour market data later this week to gain insights into the interest rate outlook. Tech stocks boost Nasdaq as TeslaContinue Reading
US dollar slips as inflation data points to rate cuts
Key points: This article is a follow up to: US dollar bullish in anticipation of the PCE inflation data release The US dollar index (Symbol: USDX) fell slightly after the latest inflation data suggested a decline in price pressures, reinforcing expectations that the Federal Reserve may start cutting interest rates this year. The personal consumptionContinue Reading
