Category Archives: Today’s Analysis
US Stocks declined, OPEC+ to cut oil production
Written on October 6, 2022 at 1:17 am, by anakin
U.S. equities retreated throughout yesterday’s trading. The Dow Jones Industrial Average lost 0.14% to close at 30273.87. The S&P 500 lost 0.2% to close at 3783.28. The Nasdaq composite slipped 0.25% to close at 11148.64. U.S. ADP nonfarm employment change printed 208K, beating estimates of 185K. The ISM non-manufacturing PMI came in at 56.7, lowerContinue Reading
JOLTS reported lower, US Dollar Weakened
Written on October 5, 2022 at 2:40 am, by anakin
The U.S. stocks market rose for a second straight session on Tuesday as investors hoped that the Federal Reserve may ease its aggressive tightening stance in response to employment data. The S&P 500 climbed 112 points (+2.90%) to 3,790, while the Nasdaq 100 surged 352 points (+2.93%) to 11,582 and the Dow Jones Industrial AverageContinue Reading
US Stocks rallied, 10-year treasury fell below 3.7%
Written on October 4, 2022 at 12:55 am, by anakin
U.S. stocks rallied on the first trading day of the month. The Dow Jones Industrial Average rose 765.38 points to close at 29,490.89. The S&P 500 gained 2.6% to close at 3678.43. The Nasdaq Composite rose 2.3% to close at 10,815.43. The benchmark U.S. 10-year treasury yield fell below 3.7% and was last seen tradingContinue Reading
The 10-year treasury yield rose above 3.8% as short-term rate expectations increased
Written on October 3, 2022 at 12:06 am, by anakin
U.S. equities have continued to edge lower on the last trading day of the week. The benchmark U.S. 10-year treasury yield recovered above 3.8% as short-term interest rate expectations continue to rise. The Dow Jones Industrial Average lost 1.71%, the S&P 500 slid 1.51%, and the Nasdaq composite lost 1.51%. U.S. equities have suffered theirContinue Reading
US Real GDP contracted by 0.6%, US stocks tumbled
Written on September 30, 2022 at 12:54 am, by anakin
US stocks tumbled on Thursday, suffering from heavy daily losses and plunged to the lowest since November 2020 as another group of Federal Reserve officials struck a hawkish tone on policy tightening. Federal Reserve (Fed) Bank of Cleveland President Loretta Mester cited on Thursday that they are not yet at a point where they couldContinue Reading
Bank of England to acquire UK long-term bonds to restore market conditions
Written on September 29, 2022 at 1:36 am, by anakin
US stocks rallied on Wednesday, regaining upside strength and ending their six-day slide after the Bank of England’s decision to stage a market intervention boosted UK bonds and tentatively calmed markets. The BOE decided to buy long-dated UK government bonds starting today to restore market conditions and later confirmed that it could buy just £1.025Continue Reading
Multiple Baltic Sea gas pipeline leaks raise concerns
Written on September 28, 2022 at 12:32 am, by anakin
In the Eurozone, multiple leaks in Russia’s gas pipeline in the Baltic Sea raise concerns about the escalating energy conflict between Europe and Russia, which pushed European natural gas prices higher and exerted bearish pressure on investors’ moods. US stocks declined on Tuesday, dropping for the sixth session and ending a volatile session lower asContinue Reading
Global Central Banks Focus on Tackling Inflation
Written on September 27, 2022 at 1:08 am, by anakin
US stocks declined on Monday, extending their recent slide and fell in a volatile session amid the fact that worldwide central bankers insisted on battling inflation at any cost. On the economic data side, US Durable Goods Orders and CB Consumer Confidence are taking centre stage on Tuesday. The UK markets were in focus onContinue Reading
US stocks tumbled amid the risk-off market sentiment and surging US dollar
Written on September 26, 2022 at 12:07 am, by anakin
US stocks tumbled sharply on Friday, coming under heavy bearish pressure and suffered daily losses amid the risk-off market sentiment and surging US dollar. The UK’s plan to lift its economy fueled concerns about heightened inflation and added to fears of a global recession. Liz Truss’s new UK government delivered the most sweeping tax cutsContinue Reading
Bank of England and Swiss National Bank follow Fed in increasing interest rates
Written on September 23, 2022 at 2:49 am, by anakin
On Wednesday, U.S. central bank officials raised interest rates to a new range of 3.0% to 3.25%. Policymakers also expect to lift rates higher than before and maintain that level, projecting the fed funds rate rising to 4.4% by the end of this year and 4.6% by the end of 2023. Numerous central banks fromContinue Reading
