Global Markets Recap Despite the slight rise in the unemployment rate and the slowdown in average hourly earnings, consistent with expectations indicating a cooling labor market, Wall Street indices closed higher. This was driven by growing expectations of interest...
Global Markets Recap On Friday, despite a slowdown in the headline and core PCE deflator for May, which the Fed closely monitors, and a decline in both short and long-term inflation expectations in the Michigan University consumer sentiment index, Wall Street indices...
Global Markets Recap On Friday, Wall Street indices closed the day with losses after the non-farm employment growth and the average hourly earnings increase rate for May in the US exceeded expectations. This weakened investors' expectations that the Fed would start...
Global Markets Recap Last Friday, Wall Street closed higher as investors anticipated Fed interest rate cuts this year, driven by April's PCE deflator data. European stocks closed higher on Friday, contrasting with the downward trend seen in the Asia-Pacific region's...
Global Markets Recap On Friday, Wall Street indices closed the day with gains, supported by the upward revision of the University of Michigan consumer sentiment index's final reading. Additionally, Nvidia's stronger-than-expected earnings results helped lift the...
Global Markets Recap U.S. Markets: On Friday, amid ongoing uncertainty regarding the timing of Federal Reserve rate cuts and cautious remarks from several Fed members about potential rate reductions, Wall Street indices closed with mixed performances. The Nasdaq...
In the world of investment, understanding the interconnectedness of commodity prices is essential. Gold and oil, two of the most widely traded commodities, often serve as indicators for the overall health of the global economy. The fluctuations in their prices can...
Global Markets Recap U.S. Markets: Despite a notable decline in the University of Michigan Consumer Sentiment Index for May, investors remained wary of rising inflation expectations, resulting in a mixed performance in Wall Street indices at Friday's close. The Nasdaq...
Global Markets Recap U.S. Markets: On Friday, with the strengthening expectations of interest rate cuts from the Federal Reserve this year, the Wall Street indices closed with sharp gains of over 1%. The Nasdaq composite index (CCO:USN) closed the day with a 1.99%...
Global Markets Recap U.S. Markets: Last Friday, the consistent performance of the monthly PCE deflator data, which the Fed specifically tracks for price developments, had a positive impact, leading to gains in Wall Street indices. The Nasdaq composite index (CCO:USN)...