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 »
As the end of the trading week draws near, investors in the US are poised for a relatively subdued opening. Stock futures point to a slight drop, following yesterday’s gains, with several major banks due to release their earnings reports, signaling the start of the new financial reporting season. The Dow Jones futures contract was …
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 U.S. stock market futures indicate a positive opening on Thursday, suggesting investors are optimistic about the day ahead. The Dow, S&P 500, and Nasdaq 100 futures all traded higher at the start of the day. Wednesday was a down day for the U.S. stock market, as all three major indexes closed in the negative …
On Thursday, the Asian stock markets experienced a downward trend, reflecting the global market’s bearish sentiment. The market downturn was attributed to multiple factors, including a weaker-than-expected inflation data, concerns over the possibility of a US recession, and the possibility of a pause in the Federal Reserve’s rate hike cycle. Alibaba Group Holding Ltd (HK:9988) …
On Wednesday, many Asian stock markets traded lower, as investors grew increasingly cautious ahead of key U.S. inflation data. The Hang Seng index in Hong Kong saw the largest decline, falling 0.6% due to a sharp drop in heavyweight Tencent, which lost 4% of its value. Major shareholder Prosus deposited 96 million Tencent shares into …
Asian stock markets closed on a positive note on, February 20, 2023, as investors awaited the release of the Federal Reserve’s meeting minutes. Tokyo’s Nikkei rose by 18.81 points or +0.07%, closing at 27,531.94 points, as investors anticipated a speech to parliament by Bank of Japan governor Kazuo Ueda. The Central Bank of Japan’s meeting …
Asian Stock Markets Close in Positive Territory as Investors Await Fed Meeting Minutes Read More »
Gold is often considered a safe haven asset for a variety of reasons. One of the main reasons is that gold has a long history of holding its value. It has been used as a store of value for thousands of years and has maintained its purchasing power over time, unlike many fiat currencies which …
The 2008-2009 recession was a difficult time for many investors, but for those who were able to navigate the market, it also presented opportunities for strong returns. So what were the best investments during that recession? First, it’s important to understand that during a recession, investors tend to look for “defensive” industries that are less …
The South Korean Composite (KOSPI) closed at 2,360.97 points, down 38.28 points, or -1.60%, after the U.S. Federal Reserve (Fed) signaled that it will continue to raise interest rates next year and warned of an economic slowdown. The won depreciated against the U.S. dollar. The losers were Kolon Globalco-10.87%, KakaoPay-9.35%, and KakaoBank-9.23%. The winners were …
Asian stock markets closed lower after Fed rate hike decision Read More »