Wall Street continues to bleed after Powell’s speech. The S&P 500 sets new lows for the day. stocks on wall street trades lower in the American session following comments by Federal Reserve Chairman Jerome Powell in a speech at the central banking conference in Jackson Hole, Wyoming. He suggested that the central bank will keep […]
Tag: Equities
Stocks: Global stocks face cold winter – Reuters poll
First thing Thursday, Reuters released details of a survey of analysts who cut year-end forecasts for most major indices from three months ago and warned that risks to that already muted outlook were skewed to the downside. “It will be a cold winter for global stocks“, add the conclusions of the survey. Survey Findings Reuters […]
Why the S&P 500 rally may not last, three reasons to remain cautious – Morgan Stanley
The recovery of the past two months has seen the S&P 500 index rise about 15% from its June low. However, as attractive as this recovery has been, the Global Investment Committee of Morgan Stanley Remains Convinced It’s Nothing More Than a Bear Market Recovery. It’s not unusual for stocks to rally during a bear […]
S&P 50 to end the year slightly above its current level – Reuters poll
The S&P 500 will end the year slightly above its current level after a recent recovery that has lifted the index from its bear market lows, according to a new Reuters poll among strategists released early Wednesday in Asia. Featured Results The benchmark will end this year at 4,280, according to the median forecast of […]
Forex Today – Asian Session: Profit Taking Halts Dollar Rally
What to watch for on Wednesday, August 24: The USD veered south after extending its rally throughout the first half of the day, ending the day lower against most major rivals. The catalyst was dismal US data, as the US Global Services PMI contracted to 44.1. At the same time, the manufacturing index expanded at […]
Forex Today – Asian Session: The dollar runs and the euro sinks
What to watch for on Tuesday, August 23: Risk aversion gripped financial markets at the start of the week, amid recession fears reaching European shores. Gas prices soared across the region to new all-time highs as Russia announced unscheduled maintenance on the Nord Stream 1 pipeline, announcing that it will shut it down for three […]
Forex Today – Asian Session: Risk Appetite Paused, But Still Leading
What to watch for on Friday, August 12: The dollar swung between gains and losses, ending the day lower against most major rivals. Wall Street opened the day firmly higher amid more signs of receding inflationary pressures in the United States, as the producer price index for July advanced 9.8%, lower than expected. However, as […]
Forex Today- Asian Session: Wall Street Saved the Day
What to watch for on Thursday, August 4: Tensions eased a bit on Wednesday, sending the greenback lower across the currency board ahead of the US open. However, the dollar regained its poise following the release of an upbeat ISM services PMI, which indicated that the local economy remains resilient. US indices rose, curbing safe-haven […]
Forex Today – Asian Session: Markets Breathe Ahead of US Jobs Data
What to watch for on Friday, July 8: Financial markets were calmer on Thursday as risk aversion ground to a halt, limiting dollar strength. Global indices closed higher, although US Treasury yields soared as attention remained on recession prospects. The EUR/USD pair fell to a new 20-year low at 1.0143, pressured by weak German data […]
Forex Today – Asian Session: US Dollar Declines Despite Risk Aversion
Here’s what you need to know for Friday, July 1: On Thursday, most markets turned to risk. Being the last day of the month, the quarter and the semester, there were some important events that maintain the outlook for the new quarter in relation to global growth. The weakness of inflation-adjusted consumer spending in the […]