The Dollar Index (DXY00) is down -0.22% as underlying dollar bearish sentiment outweighed today’s better-than-expected US GDP report and lower chances of the Federal Reserve easing monetary policy. Markets have today reduced the odds of a -25bp rate cut from 20% to 13% at the next FOMC meeting on January 27-28. The dollar continues to…
The US stock market faced contrasting forces as concerns about China’s economic performance collided with strong US retail sales. As Wall Street opened for business, investors witnessed a drop in stock values ​​driven by fears about China’s economy, while cheering encouraging retail sales numbers that reflected the steady strength of the U.S. consumer sector. US…
The U.S. stock market fell on Friday as a result of a less optimistic outlook from Intel, raising anticipation around a crucial inflation report that may influence the timing of an interest rate cut. S&P 500 futures fell after a positive Thursday, where the benchmark index hit another all-time high. Dow Jones Industrial Average futures…
US stock futures indicated fresh losses on Thursday as continued fears over sustained high interest rates and a significant drop in Salesforce (CRM) stock weighed on investor sentiment. Dow Jones Industrial Average futures (YM=F) fell 0.9%, following a 400-point loss on Wednesday. S&P 500 futures (ES=F) fell 0.4% and Nasdaq 100 futures (NQ=F) fell about…
Stock markets began with slight declines on Thursday as investors evaluated new economic data The S&P 500 (^GSPC) showed little movement, while the Dow Jones Industrial Average (^DJI) fell 0.1%. The Nasdaq Composite (^IXIC), heavily influenced by technology stocks, was just below unchanged. In economic updates, the Bureau of Economic Development reported that real gross…
