Tag Archives: Stocks
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.
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.
Tesla stock surges on strong Q2: Musk reclaims title of wealthiest person
Stock price of Tesla rebounds by 75%, driven by strong Q2 delivery figures. Elon Musk reclaims the top spot among the rich in the world, with a net worth of $252 billion.
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
Week ahead: Cautious optimism from US equity markets
This week, US equity markets experienced a subdued uptick, with the Nasdaq gaining 6.76% month-to-date (MTD), the S&P 500 rising by 3.89% MTD, and the Dow Jones adding a modest 36 points, or 0.09%. Traders are waiting with bated breath as they await inflation data, which could set the tone for the market’s direction inContinue Reading
Stocks edge up, bond yields dip; inflation data ahead
Key points: Global stock indexes edged higher on Thursday, while U.S. Treasury yields dipped slightly after a series of U.S. economic reports suggested slowing momentum. Traders are eagerly awaiting Friday’s U.S. personal consumption expenditures (PCE) data, the Federal Reserve’s preferred inflation measure, which could clarify the U.S. interest rate outlook. Mixed job market signals influenceContinue Reading
