March 13, 2024
Oil Rallies On U.S. Drawdown And Attacks On Russian Refineries
Crude oil prices were up nearly 3% on Wednesday, reaching a four-month high after data showed a larger than expected drop in U.S. crude and gasoline inventories. Also spurring gains for the market was news of attacks on Russian refineries by Ukraine forces, with at least one Rosneft plant damaged. The global benchmark Brent crude […]
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March 12, 2024
Cloud Infrastructure Provider Oracle Rallies On Earnings Beat
One of the lesser talked out tech companies rallied on Tuesday, leading the market higher after reporting better than expected third fiscal quarter earnings. The stock we’re referring to is Oracle, a cloud services platform and the third largest software company in the world by revenue. Shares jumped 11.8% higher in Tuesday’s session, reaching a […]
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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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