The global markets fell marginally on Monday over lingering worries that interest rates will remain higher for longer. Surging bond yields also weighed on global markets, with the MSCI All-World index down 0.05%. Last week, warnings from central banks including the US Federal Reserve and Bank of England of furtherRead More →
On Wall Street in the week ahead, investors’ key focus will be on an inflation trend as the US PCE inflation report is slated to be released on September 29. The Core PCE inflation is also known informally as the Federal Reserve’s preferred inflation gauge. Other economic reports investors wouldRead More →
MSCI’s gauge of stocks across the globe shed 1.19%. The US Federal Reserve, the Bank of England, and other central banks in Europe have warned that more interest rate hikes could come further as they continue to worry about inflation. Rising bond yields across the world also pushed the globalRead More →
US stocks declined on Wednesday after the Federal Reserve left key interest rates unchanged, but said it could hike rates again this year. The US central bank also revised economic projections higher with a warning that battle against inflation was far from over. The S&P 500 lost 42.02 points, or 0.95%,Read More →
US stocks dipped on Tuesday as investors are bracing for Federal Reserve’s monetary policy decision, to be announced on Wednesday. It is widely anticipated that the US central bank will leave key interest rates unchanged. The S&P 500 lost 9.84 points, or 0.22%, at 4,443.69 points. The Nasdaq Composite fellRead More →
US stocks closed flat on Monday ahead of the Federal Reserve’s decision on key interest rates due on Wednesday. The S&P 500 gained 3.26 points, or 0.07%, at 4,453.58 points. The Nasdaq Composite added 1.99 points, or 0.01%, at 13,710.32. The Dow Jones Industrial Average rose 5.79 points, or 0.02%,Read More →
In the week ahead on Wall Street, the major focus of stock market investors will be on the Federal Reserve’s interest rate policy meeting. The Fed rate decision will be released on September 20 and Chair Jerome Powell will address the press conference on the monetary policy. The US centralRead More →
US stocks dipped on Tuesday, weighed down by rising treasury yields and higher oil prices. The S&P 500 lost 18.97 points, or 0.42%, at 4,496.8. The Dow Jones Industrial Average fell 195.61 points, or 0.56%, at 34,642.1. The Nasdaq Composite dropped 10.86 points, or 0.08%, at 14,020.95. Technology stocks gained,Read More →
European stocks closed flat on Monday after paring gains. Earlier in the session, the stocks rose on fresh Chinese stimulus measures aimed at supporting the country’s beleaguered property sector. The pan-European STOXX 600 index ended at 457.96 points after rising as much as 0.9% earlier in the session. China’s financial regulatorsRead More →
The Asian markets traded mostly higher on Monday morning, while the US stock indices ended mixed last week on hopes that the US Federal Reserve will pause its interest rate hike cycle in the next policy meeting this month. The Indian equity indices, Sensex and Nifty, ended with healthy gainsRead More →
