Mexico City. With an eye on the United States, the dollar suffers a significant setback worldwide, as uncertainty is latent in the day before the presidential elections of Mexico’s main trading partner. At the opening of the American markets, the Mexican peso recovers against the weakness of the dollar, operating with an appreciation of 1.05 … Read more
Tulum, QR. The Mexican stock market and national and international investors did not overreact to the approval of the judicial reform by Congress, said Jorge Alegría, general director of the Mexican Stock Exchange (BMV) group. “We did see in the past few weeks, the market showed it, some nervousness about the possible approval (of the … Read more
Correction on the stock market. Graphic: Greatkim – Freepik.com Last week, the US benchmark index S&P 500 fell out of its uptrend channel that has been in place since the end of October 2023. Starting from its record high on July 16 at 5,669.67 points, the index fell by almost 10%. A correction of around … Read more
After US producer prices were lower than expected, the Nasdaq in particular rose sharply – reaching the downtrend channel and thus the price target for recovery from the sell-off! The markets are now expecting a 0.5% interest rate hike by the US Federal Reserve in September – so they may be too optimistic. But there … Read more
Carry trade strategies in yen and the closing of investment positions after the decision by the Japanese central bank to raise interest rates, combined with concern about the momentum of the US economy after the release of July labor market data , which activated the “Sahm rule”, along with escalating tensions and uncertainty over geopolitical … Read more
European markets are again on the draw back as we speak as there are severe buying and selling issues resulting from issues at Microsoft worldwide, whereas buyers concern doable results on financial exercise and the operation of banks, airways and media. The pan-European Stoxx 600 index misplaced 0.61%. Britain’s FTSE 100 is down 0.73% at … Read more
The markets reacted instantly to the election end result for the composition of the brand new EU Parliament, with a bounce within the percentages of the acute proper in economically sturdy international locations that additionally triggered political developments, and dropped at the fore the reflection on how this growth can have an effect on the … Read more
South Korea’s Q1 GDP Climbs 3.4%: Fastest Quarterly Growth Since Q4 2021 South Korea’s economy demonstrated robust growth in the first quarter of 2024, beating economists’ expectations. The country’s Gross Domestic Product (GDP) expanded by an impressive 3.4%, marking its highest quarterly growth rate since the fourth quarter of 2021. On a quarter-on-quarter basis, the … Read more
Take Steps to Minimize Taxes on Your Investments An Hour Ago – Author Name Introduction Big returns in 2024 may result in significant taxes that investors will need to pay next year. However, there are a few proactive measures that investors can take to reduce the associated tax burden. Switch Mutual Funds to ETFs Consider … Read more
Bank of America said it’s unlikely that problems at New York Community Bancorp will foreshadow another banking crisis. Shares of NYCB plunged more than 37% Wednesday in its worst day since it went public in 1993. The brutal sell-off came after the bank reported that it swung to a fourth-quarter loss , took a $552 … Read more