US stocks closed higher, recording gains for the second week in a row, on Friday, as shares of JPMorgan Chase and other banks rose after announcing their results for the fourth quarter, at the start of the corporate earnings season. The stocks of financial institutions were among the largest sectors supporting the index. JPMorgan Chase … Read more
European Central Bank member Klas Knott said the bank could raise interest rates by around 75 basis points at its next December meeting. The European Central Bank raised rates by around 75 basis points at its meeting last week, the highest level since 2009. In statements to German media reported by Reuters, Nutt said: We … Read more
Postjan Vaseli, a member of the Governing Council of the European Central Bank, said the bank is expected to raise rates by 75 basis points in the next two meetings to fight high inflation, after which it will discuss reducing its balance sheet next year. The ECB waited a long time before accelerating its pace … Read more
European equities rose at close of trading today, Thursday 13 October, following news that the UK government intends to make changes to its financial plans and with the release of economic data. At the end of the session, the STOXX600 index rose by 0.85% to 389 points. While the UK FTSE index rose 0.35% to … Read more
The Bank of America expects oil to average $ 100 per barrel in 2023 as demand in China picks up and Russian crude exits the market. Severe coronavirus lockdowns imposed by Beijing have curbed oil use in the world’s second largest economy this year, but analysts expect restrictions to ease as 2023 approaches. So far … Read more
Short-term inflation expectations for US consumers fell to a one-year low in September and expectations for the next five years improved, easing fears that the Federal Reserve could raise interest rates by a full percentage point. next week, according to a University of Michigan poll on Friday, Sept. 16.The survey came on the heels of … Read more
Let’s go back to the numbers. The US dollar index rose 15% in 2022, offset by gold’s -8.7% decline so far. If we assume that the strength of the dollar still has momentum at 116 points (a very important resistance it reached in 2000), that means a drop in gold of around 3%, and that … Read more
European equities rose at shut of investing on Friday 9 September as traders go on to interact with a document hike in the fascination price from European Central. The European Central Bank lifted desire charges at its financial coverage conference on Thursday to 1.25%, the maximum stage in 11 years. At the stop of the … Read more
European equity indices rose at the stop of modern session amid investors’ careful assessment of the challenges of an financial downturn in the outdated continent. The Stoxx 600 index completed the session up .2%, despite the pressures on most sectors, with the exception of the retail sector, which recorded the very best performance with a … Read more
US equity indices fell at the close of trading today, Tuesday, for the 3rd consecutive session, due to developing concern in the marketplaces about the Federal Reserve’s mounting fascination rates. Since Fed Chairman Jerome Powell’s speech final Friday, the S&P 500 has misplaced extra than 5% of its price due to worries about monetary tightening … Read more