S&P 500 climbs for eighth week, signaling strong market confidence
The S&P 500 witnessed a rise on Friday, contributing to an eighth successive winning week. This upsurge comes in the wake of milder inflation figures,...
Tag : Federal Reserve
Gold prices rally amid U.S. dollar decline and economic data anticipation
In recent Asian trading sessions, gold has witnessed a noticeable uptick, rebounding from its most significant weekly decline since June. This surge is primarily attributed...
Global markets react positively to Federal Reserve’s rate cut outlook
The Federal Reserve’s recent announcement has stirred significant optimism in financial markets. The Federal Open Market Committee (FOMC), maintaining interest rates at their current 22-year...
Dow surges to 2023 peak, propelling November’s stock market rally
In a striking financial upturn, the Dow Jones Industrial Average soared to a new annual zenith on Thursday, marking an impressive closure to November –...
Post-holiday blues hit Hong Kong’s Chinese equities as economic concerns rise
Chinese stocks in Hong Kong faced a significant downturn as trading restarted after the holiday. This decline was influenced by an overarching risk-averse sentiment throughout...
Despite Federal Reserve’s pause, financial waters remain choppy for consumers
The conclusion of the Federal Reserve’s recent two-day policy meeting brought with it a decision to keep interest rates steady. This came as somewhat of...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic...
JPMorgan Chase exceeds expectations with stellar first-quarter results
JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or...
Dollar slips as investors await Powell testimony
Investors were watching for testimony from Federal Reserve Chair Jerome Powell on Monday as well as the February jobs report at the end of the...
Gold prices plummeted globally following the US interest rate hike
The price of gold inched lower on Thursday as the dollar recovered in the wake of the US Federal Reserve’s approval, in line with many...