Latest Market News Update With Capital Street FX

-

 

  • On Tuesday, major US stock indices such as the Nasdaq Composite, Dow Jones, and S&P 500 declined due to renewed concerns about the Fed’s potential interest rate hikes and banking crises.
  • However, Treasury yields and gold prices increased, as the US dollar weakened. In contrast, Asian markets rose on Wednesday, buoyed by a rally in Alibaba’s stock and reduced fears of banking contagion.
  • While South Korea’s KOSPI and China’s Shanghai Composite slipped slightly, Japan’s Nikkei 225 and Australia’s ASX 200 climbed modestly. Meanwhile, oil prices increased due to disruptions in Kurdish crude shipments and a potential draw in US inventories, as well as improved sentiment towards the banking sector.
  • Brent crude rose to $78.3/barrel, while WTI Futures increased by 0.5% to $73.57 a barrel. Natural Gas Futures, however, fell by 0.14%.
  • US stock futures were trading slightly higher during Tuesday’s evening deals after major benchmark indices closed negatively due to the decline in technology stocks and increased yields. Dow Jones, S&P 500, and Nasdaq 100 futures were each up 0.1% by 18:50 ET (22:50 GMT).

Comments

Post a Comment

Popular posts from this blog

TECHNICAL ANALYSIS REPORT – 12 AUGUST 2022

-
Image
  WALLSTREET LOWER ON THE EXPECTATION THAT FED STILL NEEDS AN INTEREST RATE HIKE   Asia-Pacific stocks tracked Wall Street losses and the yen fell on Friday. The Shanghai Composite is down 0.11% at 3,278.39. Overall, the Singapore MSCI is down 0.03% at 308.45. Over in Hong Kong, the Hang Seng Index is up 0.61% at 20,150.00. In Japan, the Nikkei 225 is up 2.63% at 28,510.00, while the Topix index is up 2.07% at 1972.50. South Korea’s Kospi is up 0.11% at 2,526.55. Australia S&P/ASX 200 down 0.65% at 7024.90. Top News of the Day: The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the U.S. producer price index (PPI) unexpectedly fell in July. Market Summary as per 11/08/2022: European equit...
Read more

CAN RECESSION AFFECT YOUR JOB AND HOUSEHOLD BUDGET?

-
Image
  During a recession, the unemployment rate normally rises because there is a lack of demand for products and services, which leads to a lack of need for employees. As a result of state and local governments implementing stay-at-home orders in reaction to the COVID-19 epidemic, the unemployment rate rose from 3.5 percent in February 2020 to a record 14.8 percent in April 2020, triggering the most recent U.S. recession. The exceptional loss of 22.1 million jobs between January and April 2020 triggered this massive increase in the unemployment rate. However, the economy quickly recovered, and the COVID-19 recession was the shortest on record. Prior to the epidemic, the United States had been experiencing its longest era of expansion in history. The Great Recession, which began in December 2007 and concluded in June 2009, was followed by a protracted period of rising economic activity. During the Great Recession, the worst economic slump in the United States since the Great Depression...
Read more

Day Trading Guide - Best Stocks to Buy Today - March 04, 2022

-
Image
  TOP 5 STOCKS TO WATCHOUT:- 1.HYUNDAI :     South Korea’s Hyundai Motor Co said on Friday it has not decided when to resume operations at its assembly plant in St Petersburg, Russia, citing ongoing issues with components delivery. “Hyundai Motor Company is deeply concerned by the situation in Ukraine. We can confirm operations of the Hyundai Motor Manufacturing Russia (HMMR) are suspended until further notice due to ongoing global logistics issues with components delivery,” it said in a statement to Reuters. “The safety of our employees and caring for our customers remains the utmost priority of Hyundai Motor. We sincerely hope the situation is resolved peacefully as soon as possible,” it added. Operations at the St Petersburg plant have been suspended since March 1. The South Korean automaker, which together with affiliate Kia Corp is among the world’s top 10 biggest automakers by sales, builds about 200,000 vehicles per year in Russia, about 4% of its global production...
Read more