In a week marked by significant developments, the Dow Jones Industrial Average closed higher on Friday (May 26) as talks to raise the US debt ceiling progressed, while chip stocks experienced a second consecutive day of gains driven by optimism surrounding the prospects of artificial intelligence (AI). Here’s a closer look at the market summary …
In last week’s trading session, the Dow Jones experienced a downward trend on Friday (May 19). The morning’s positive momentum faded as negotiations on the US debt ceiling in Washington stalled, undermining hopes for a timely agreement to avoid defaults. The Dow Jones Industrial Average closed at 33,426.63 points, recording a decline of 109.28 points …
Last Week’s Market Summary: Dow Jones Falls as Debt Ceiling Negotiations Stall Read More »
China’s Vice Minister of Human Resources, Mr. Yu, has recently highlighted that the labor market in China is still sluggish, with an increasing number of graduates struggling to find employment. He made the comments on April 27, 2023, expressing concerns over the job creation targets set by the government. To address the issue, the Chinese …
China’s Sluggish Labor Market Makes It Tougher for Red Label Graduates to Secure Jobs Read More »
The Dow Jones New York Stock Exchange closed slightly higher on Friday, April 21, after a day of volatile trading. Investors kept a close eye on the performance of listed companies and the direction of US interest rates. The Dow Jones Industrial Average closed at 33,808.96 points, up 22.34 points, or +0.07%. The S&P500 closed …
Last Week’s Market Summary: Dow Jones Closes Slightly Higher after Volatile Trading Read More »
Asia Singapore will report the Consumer Price Index (CPI) for March on Monday, indicating the level of inflation in the country. On Tuesday, South Korea will release its gross domestic product (GDP) for the first quarter of 2023, shedding light on the overall performance of the economy. Additionally, South Korea will report its April consumer …
Key Economic Reports This Week: Asia, Europe, and United States Read More »
The Dow Jones New York Stock Exchange closed lower last week, as concerns over potential interest rate hikes by the Federal Reserve (Fed) overshadowed positive earnings reports from major US banks. The Dow Jones Industrial Average ended at 33,886.47 points, down 143.22 points or -0.42%. The S&P500 closed at 4,137.64, down 8.58 points or -0.21%. …
Here are some key economic data and events to watch out for next week:
On Friday, Wall Street closed lower after a mixed bag of economic data came out. Investors became less excited about the market due to the possibility of another Federal Reserve interest rate hike. This followed a week of strong earnings reports from major US banks. All three major US stock indexes ended the day in …
Wall Street ends lower as mixed economic data confirms Fed rate hike expectations Read More »
On Friday, Asia’s stock markets experienced a surge, driven by the anticipation that the world’s central banks will take it easy on tightening their policies further. This optimism was fueled by the news that inflation was beginning to soften. However, concerns about a possible slowdown in economic growth kept these gains in check. The Monetary …
Asian Stock Markets Rise on Central Banks’ Expected Pause on Rate Hikes Read More »
The Bank of Korea (BOK) Keeps Policy Rate Unchanged Amid Concerns of Slowing Economy The Bank of Korea (BOK) decided to maintain its policy rate at 3.5% at today’s meeting, keeping interest rates unchanged for two consecutive meetings, which was in line with market expectations. The decision came as inflation showed signs of slowing while …