Wall Street is closed for Independence day celebration. Market participants are anticipating a very volatile trading day as trading volumes have decreased The US Dollar recedes from yesterday’s highs giving way to most of the metal commodities such as Gold, Silver, etc. Aluminum & Nickel remain the odd ones out pressured down by the trade […]
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The Trumpnomic Effect & Wall street
Asian Shares rose Monday morning propelled by upbeat U.S. jobs growth report on Friday. The Non- Farm Payrolls reported 223,000 new jobs versus a forecast of 189,000. Volatility is highly likely, amid commotions surrounding the newly imposed US. Tariffs imposed on its “Allies” though Wall Street seems unraveled by it. The USD Uptrends has pushed […]
Wall Street Falls Despite Strong Corporate Earnings
US stocks extend previous session’s losses and European bourses fall after earnings set cautious tone. Euro sliding below $1.22 as dollar strengthens. 10-year Treasury yield at 3.02%. A raft of earnings disappointments and the 10-year US Treasury yield touching the psychological barrier of 3.0% for the first time in four years rattled investor sentiment. The S&P 500 […]
Wall Street is slowly recovering from previous week`s slump
Investors are breathing a sigh of relief after the torrid times during previous week. The S&P 500 futures rose 28 points or 1.08% to 2,647.25 as of 6:39 AM ET (11:54 GMT) while Dow futures increased 269 points or 1.10% to 24,436.0. Meanwhile tech heavy Nasdaq 100 futures was up 66 points or 1.03% to 6,484.0. European […]
Wall St kicks off September on dour note
Wall Street’s main indexes fell over 1% as investors assessed subdued factory activity data ahead of a slew of labor market reports due through the week that could influence the extent of monetary policy easing by the Federal Reserve.
Asian Daily Market Review
Asian markets were modestly higher on Friday for the most part following a strong overnight rally on Wall Street that was sparked by the market beating earnings report from Nvidia.