About: anakin
Recent Posts by anakin
Market awaits the US CPI data
US stocks advanced higher on Monday, witnessing upside strength, and ended the previous day with broad gains amid the market’s mildly positive sentiment. The better market mood during European trading hours pushed the US Dollar into the red across the FX board and provided firm support to equity markets. Investors now waiting for the releaseContinue Reading
US Treasury yields pointed to higher interest rates, Nasdaq closed lower
The Dow Jones Industrial Average closed 0.5% higher at 33,869.4; the S&P 500 rose 0.22% to 4,090.48; the Nasdaq fell 0.61% to 11,718.12. The NASDAQ on Friday closed lower as mega-cap growth stocks came under pressure after US Treasury yields pointed to higher interest rates and shares of ride-hailing firm Lyft plummeted 36 percent toContinue Reading
Week ahead: All eyes on US and UK Consumer Price Index releases
This week, investors and economists will be closely monitoring the latest Consumer Price Index (CPI) data releases from the US and the UK. The CPI is an important economic indicator that measures the changes in the prices of goods and services that households purchase. As it provides insight into the overall inflation trend, the dataContinue Reading
US stocks fell as investors awaited next week’s inflation report
US stocks declined lower on Thursday, failing to find many reasons to climb higher and extending its previous slide amid higher bond yields, hawkish Fedspeak, and a surge in equity bullishness. The fresh fears surrounding the economic slowdown ahead of the key US data lend support to the greenback’s gauge versus the six major currencies and weighedContinue Reading
Fed: Interest rates need to keep higher
US stocks declined sharply on Wednesday, suffering heavy daily losses, and were dragged lower by a selloff in tech stocks as Federal Reserve speakers reinforced the idea that interest rates will need to keep climbing to quash inflation. Fed Governor Christopher Waller teased a long fight with a 2.0% inflation target by citing expectations of tighter monetaryContinue Reading
