Sunil Sahil
On Wednesday, Governing Council member Klaas Knot and President of the European Central Bank Christine Lagarde issued dire warnings to policymakers, stating that their aggressive bets on interest-rate reduction aren’t helping them combat persistent price pressures. This came as Federal Reserve Governor Christopher Waller cautioned on Tuesday over the rate of lowering. Money markets pushed … Read more
On Tuesday, the three biggest U.S. banks raised $23.25 billion in new notes, marking the beginning of what is anticipated to be a busy week for bank debt issuance. In addition to senior unsecured fixed-to-floating rate paper, Wells Fargo solicited $8 billion in fixed and floating-rate notes from the bond market on Tuesday. Morgan Stanley … Read more
Following a nine-week losing run at the beginning of 2024, equities resumed their upward trajectory last week. The first full trading week of the year saw gains in all three main indexes, with the Nasdaq Composite (^IXIC) leading the way with a 3% gain. Meanwhile, the S&P 500 (\GSPC) ended the week’s trading less than … Read more
As investors turned their attention to data suggesting more slowing in the labour market and oil prices hitting levels not seen since June, US equities fell on Wednesday amid further indications of the economy’s ills. While the Dow Jones Industrial Average (^DJI) declined more than 0.2%, or over 70 points, the S&P 500 (\GSPC) plummeted … Read more
As expectations for a strong quarterly earnings season were dashed by major bank reports, stocks ended Friday’s trading session neutral. Nonetheless, following a challenging start to 2024, the S&P ended the week in positive position. The Dow Jones Industrial Average (^DJI) had a loss of over 100 points, or 0.3%. The tech-heavy Nasdaq Composite (^IXIC) … Read more
Before almost completely reversing the loss, West Texas Intermediate dropped as much as 2%. European stocks fell ahead of a slew of talks by officials at this week’s World Economic Forum in Davos, as investors searched for signs on interest rates. Extremely severe temperatures in North America caused several locations to lose oil output. Due … Read more
Up to 0.3%, the Bloomberg Dollar Spot Index was at 1,230.38. The gauge would reach its greatest level since mid-December if it were to rise beyond the peak set on January 5 at 1,231.44. Tuesday’s speech by Federal Reserve Governor Christopher Waller is anticipated by investors after Chair Jerome Powell provided the strongest indication yet … Read more
At the closing, the Stoxx Europe 600 index fell 0.5%, continuing the year’s drab beginning. Data revealed that Germany’s GDP dropped last year for the first time since the epidemic, with consumer goods and merchants leading the fall. Germany’s 10-year yield reached a one-month high, up around five basis points. A recession is no longer … Read more
Futures for the Dow Jones Industrial Average (^DJI) fell 0.4%, while those for the S&P 500 (\GSPC) fell 0.5%. With a 0.7% decrease, futures on the tech-heavy Nasdaq 100 (^NDX) led the losses. After a rocky start to 2024, investors are looking to quarterly banking sector earnings and forthcoming retail data to keep the trend … Read more
JC Parets, the inventor of All Star Charts, believes that if the US currency collapses to the levels it was in 2020, the Dow Jones Industrial Average may rise by 33 percent to $50,000. In a recent Compound and Friends podcast episode, Parets stated that the key to realising more stock market profits is a … Read more
