US equities ended mixed on Tuesday, with the Nasdaq closing lower, while the Dow and S&P 500 remained nearly unchanged. These moves were due to rising Treasury yields and a drop in the shares of chipmakers after the Biden administration announced it would halt shipments of advanced artificial intelligence chips to China. The Philadelphia SE Read More…
On Monday, US equities surged, driven by investor optimism for the start of earnings season. Moreover, transportation and small-cap shares gained, further boosting optimism. Still, investors remained cautious as Israeli forces continued to bombard Gaza, with cease-fire efforts failing and thousands, including many women and children, losing their lives. Global leaders are working to contain Read More…
Currency futures were on the back foot on Friday as the US dollar reached a one-week high amid expectations of Fed hawkishness. Robust US inflation data reinforced expectations that the Federal Reserve might need to maintain higher interest rates for longer. In September, the consumer price index (CPI) increased by 0.4%, keeping the annual rate Read More…
On Thursday, gold prices dropped as the dollar and Treasury yields rose. This followed higher-than-expected US consumer price increases in September, which raised concerns about the Federal Reserve maintaining elevated interest rates. US inflation (Source: Bureau of Labor Statistics) The Labor Department’s report released on Thursday revealed that the annual increase in consumer prices last Read More…
On Wednesday, oil prices dropped more than 2% as concerns about supply disruptions due to Middle East conflicts eased. Moreover, Saudi Arabia, the leading OPEC producer, pledged to stabilize the market. Prices for Brent and WTI had surged over $3.50 per barrel on Monday, driven by worries that the Israel-Palestine clashes might escalate, causing global Read More…
US equities ended higher on Tuesday, marking their third consecutive day of gains. This rise followed dovish statements from US Federal Reserve officials, which caused Treasury yields to drop. At the same time, investors were cautiously monitoring the situation in the Middle East. Atlanta Fed President Raphael Bostic asserted that there was no need for Read More…
