March 1, 2024
Asian Daily Market Review
Asian market closed mixed following overnight gains on Wall Street that sent the S&P 500 and Nasdaq both to new record levels. Markets in Japan and Australia also hit their own new record highs as investors are betting on lower interest rates coming. The latest optimism was sparked by U.S. PCE inflation data for January, […]
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March 1, 2024
U.S. Daily Market Review
The Nasdaq Composite jumped to an all-time peak today, rallying over its 2021 record. Stocks advanced even as troubled regional bank New York Community Bancorp dropped 25.9% after the bank reported a leadership change and disclosed issues with its internal controls. In March Wall Street as stocks set new records, boosted by a promising inflation […]
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March 1, 2024
European Daily Market Review
European markets gained some side today after registering a rising mode in February. The German DAX soared 83.48 or 0.47% from 17,761. The French CAC-40 fell 3.96 or 0.05% from 7,923. FTSE-100 gained 47.89 or 0.63% from 7,677. The pan-European Stoxx 600 inclined 0.3% by mid-morning, with adding 1.2%. Flash euro zone inflation reading demonstrated […]
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March 1, 2024
Gold Is Closing In On An All-time High
Gold finished at a four week high on Friday, supported by data that shows inflation is falling, and some rumblings over potential bank failures. Also providing support recently is a weaker U.S. dollar, which is falling on expectations for lower interest rates in the U.S. by mid-year. Friday capped off a second straight week of […]
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February 27, 2024
Disney In Bull Mode Since Earnings Release
Shares of Walt Disney have been on a tear since announcing Street beating revenue and earnings earlier this month. After a short pullback on profit taking recently the stock was back on the move higher Tuesday, rising by 1.6% to lead the Dow Industrials in a lackluster day on Wall Street. The catalyst for the […]
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February 27, 2024
Asian Daily Market Review
Asian markets ended Tuesday mixed after a losing overnight session on Wall Street. Investor focus is on later this week, when the U.S. will release inflation data that could inform investors of potential interest rate moves. The US Personal Consumption Expenditure (PCE) price index is the Fed’s favored inflation gauge and could give clues to […]
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