About: anakin
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Concern about the global economy, Market expect another 75bps rate hike
Tuesday’s decline in US stocks was precipitated by deteriorating economic conditions, worries of a recession, and sky-high inflation. The dismal outlook of the world’s largest retailer, Walmart Inc., illustrates the effects of inflationary pressures on consumer spending. Concerns over a faltering global economy prompted investors to anticipate another 75-basis-point increase before to a widely anticipatedContinue Reading
Market awaits today’s FOMC meeting
Amidst the lowest intraday volatility and volume of the year and ahead of this week’s crucial Fed meeting, US stocks inched up on Monday amid a turbulent session. Large technology firms remained under bearish pressure as investors anticipate negative earnings report news. Despite recession fears, investors are awaiting the conclusion of Wednesday’s critical FOMC monetaryContinue Reading
This Week: Markets spotlight FOMC meeting amid record inflation worries
All eyes will be on the US Federal Open Market Committee (FOMC) meeting this week for insights into upcoming interest rates hikes after annual inflation hit a 4-decade high of 9.1% in June. US policymakers are anticipating continued price surges and are backing a 50-75 basis points hike. Officials say the economic outlook warrants movingContinue Reading
Inflation, Rising Interest Rates, and Recession Fears keep Market Sentiment Fragile
Due to dismal results from social-media companies and weak economic data, US stocks dropped on Friday, failing to maintain the upward momentum and ending a three-day rise. Snap Inc.’s disappointing performance and Twitter Inc.’s weaker-than-anticipated sales figure have heightened concerns about online ad spending, which is also one of the mounting indications that technology businessesContinue Reading
ECB Raised Interest Rates by 50 bps in Reaction to Rising Inflation and Russia Crisis
The European Central Bank agreed to increase interest rates by 50 basis points, the first increase in almost a decade, in response to increasing inflation and the ongoing conflict with Russia. In addition, Gazprom restored gas shipments to the EU via the Nord Stream 1 pipeline, giving extra support for EUR purchasers. In the US,Continue Reading
