Key Takeaways for Investors and Financial Professionals US stock market ended lower due to weak PMI data, indicating a weakening trend in manufacturing and services sectors. San Francisco Fed President expressed the view of two more interest rate hikes this year and...
In the dynamic world of finance, asset managers, portfolio managers, and financial advisors play crucial roles in guiding clients toward their investment objectives. They are experts who assist individuals and organizations in enhancing their wealth over time by...
Key Takeaways for InvestorsUS Market Focus: Federal Reserve Chairman Jerome Powell's testimonies and speeches by other Fed members will provide insights into monetary policy direction. Weekly initial jobless claims data will shed light on the state of the labor...
Key Takeaways for Investors 1. US Stock Market: The week closed with a slight increase in stock market indices, driven by expectations of the Federal Reserve delaying an interest rate hike. 2. Economic Indicators to Watch: Keep an eye on the Federal Reserve's interest...
Key Takeaways for Investors 1. The US stock market experienced gains on Friday, driven by the approval of the debt ceiling bill and expectations of the Fed delaying interest rate hikes in June. 2. May's non-farm payrolls exceeded expectations, indicating strong...
Key Takeaways for Investors 1. US Stock Market: US stock indices experienced losses on Friday due to concerns surrounding the debt ceiling, which weighed on market sentiment. The Dow Jones, Nasdaq-100, and S&P 500 all closed the day with declines. 2. Dollar and...
In the US, the preliminary figures for the University of Michigan's consumer sentiment index in May declined to 57.7, the lowest level in the past six months. Last Friday, Wall Street indices closed lower due to the preliminary data of the University of Michigan's...
Following stronger-than-expected April employment data in the United States on Friday, stock indices closed the day with gains as recession concerns eased Following stronger-than-expected April employment data in the United States on Friday, which alleviated recession...
Investors responded positively to JP Morgan Chase's decision to acquire First Republic Bank. While the markets in the US are focused on the Federal Reserve's interest rate decision this week, concerns about mid-sized banks subsided as investors responded positively to...
The US economy is expected to slow down to an annualized quarterly growth rate of 2% in Q1 2023. On Friday, Wall Street indices closed slightly up, with the Nasdaq up 0.11%, the S&P 500 up 0.09%, and the Dow Jones up 0.07% on a daily basis. The Dollar Index (DXY)...