Category Archives: Today’s Analysis
Fed members agreed to more hikes to achieve the inflation target
Written on February 23, 2023 at 3:04 am, by anakin
US stocks declined lower on Wednesday, witnessing some selling momentum, and failed to sustain their rebound after the Federal Reserve signaled that interest rates will continue moving higher amid ongoing inflation concerns. As per the latest Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes, all participants agreed more rate hikes are needed to achieve the inflationContinue Reading
US stocks lower as Fed might raise more interest rate
Written on February 22, 2023 at 2:46 am, by anakin
US stocks recorded their worst day in two months on Tuesday, as investors were unnerved by economic data suggesting interest rates have further to rise after months of increases by the Federal Reserve. The blue-chip S&P 500 index ended down 2 percent, with declines in every sector. The tech-heavy Nasdaq Composite slid 2.5 percent. BothContinue Reading
Market slow as US Market holiday
Written on February 21, 2023 at 4:41 am, by anakin
U.S. stock futures were trading lower during Monday’s evening deals, with significant benchmark averages remaining closed during the regular session for a public holiday. Contracts on the S&P 500 Index slipped 0.3%, with Treasury futures dropping across the curve. Stocks ended last week on a muted note after Richmond Fed President Thomas Barkin and FedContinue Reading
Geopolitical conditions creating bearish pressure on the equity markets
Written on February 20, 2023 at 2:56 am, by anakin
US stocks declined lower on Friday, witnessing some selling momentum, and ended the week slightly lower amid Federal Reserve officials’ hawkish comments. The geopolitical conditions surrounding China and Russia join the recently hawkish Federal Reserve (Fed) bias and exerted bearish pressure on the equity markets. On Friday, Federal Reserve Bank of Richmond President Thomas BarkinContinue Reading
Fed officials considering 50bps interest rate hike
Written on February 17, 2023 at 4:15 am, by anakin
US stocks dropped sharply on Thursday, coming under intense selling pressure, and closed firmly in the red after two Federal Reserve officials said they were considering 50 basis-point interest rate hikes to battle persistently high inflation. The firmer US data that allows the Fed policymakers to remain hawkish lend support to the US dollar and weighed heavily onContinue Reading
US Retail Sales jump the most in two years
Written on February 16, 2023 at 2:37 am, by anakin
US stocks closed higher and Treasuries slid as investors picked through another batch of solid economic data to find different takeaways, even as worries mounted that it would force a hawkish response from the Federal Reserve. The S&P 500 rose 0.3% after earlier dropping more than 0.75%. The Nasdaq 100 climbed 0.8%. Two-year Treasury yieldsContinue Reading
US annual inflation data released at 6.4%
Written on February 15, 2023 at 1:40 am, by anakin
The Dow closed lower Tuesday, as investors digested the latest data showing signs of cooling, but stickier inflation that triggered a jump in Treasury yields on bets for a more aggressive Federal Reserve. The Dow Jones Industrial Average fell 0.46% or 156 points, the Nasdaq was up 0.57%, and the S&P 500 was flat. TheContinue Reading
Market awaits the US CPI data
Written on February 14, 2023 at 2:31 am, by anakin
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
Written on February 13, 2023 at 2:44 am, by anakin
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
US stocks fell as investors awaited next week’s inflation report
Written on February 10, 2023 at 2:49 am, by anakin
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
