According to market analysts, global stocks are in for a chilly winter, as they slashed their year-end predictions from three months ago for most of the major indexes. In addition, the analysts also warned that the outlook was already dull and risks to it were also skewed to the downside. Deep losses For most of … Read more
Results of a poll indicate that the recent recovery in European stocks is set to stall and not go past the levels seen at the end of last year for more than a year at least. This is mostly because of fears of a gas supply crisis in the continent, soaring inflation, and a slowdown … Read more
An announcement has been made by five major China state-owned companies. These companies include China Life Insurance and Sinopec, which is an oil giant. The companies have announced that they will delist themselves from the US stock exchange they are currently listed and trading through. Five Chinese Companies to Delist from the NYSE The companies … Read more
Voyager Digital Holdings has made an announcement in regards to the cash withdrawals through its application. Voyager Announces Possible Withdrawal Resumption Voyager has announced that it is possible that their app users may be able to carry out cash withdrawals. The crypto lender made the announcement one month after the suspension of multiple services. The … Read more
On Tuesday, a choppy trading session saw US stocks mixed, while a risk-off session resulted in a US dollar rally driven by simmering tensions between Beijing and Washington and economic uncertainties. Mixed results The S&P 500 and the Dow indexes were both tradings in the red, but the Nasdaq was able to record gains, as … Read more
The broader US equity market has been enjoying a rally, but it seems that shares of smaller companies are outpacing it. This has drawn the attention of investors who are interested in investing in cheap value stocks and those who believe that an economic slowdown has already been priced in by the group. Small caps … Read more
On Thursday, Shares in Asia-Pacific markets were mostly higher, after the widely expected move of the US Federal Reserve to increase its benchmark interest rate by 75 basis points. Market performance Only Hong Kong shares recorded declines among the major markets in the Asia-Pacific region. There was a 0.2% decline in the Hang Seng index … Read more
On Friday, the domestically focused FTSE 250 index in Britain managed to outperform the FTSE 100, with insurance company Beazley climbing to the top of the mid-cap index thanks to a strong annual forecast. The FTSE 100 The blue-chip FTSE 100 index rose 0.1% for the day and its weekly gains stood at 1.8%, which … Read more
Briefly – USD remains stronger Commodities prices weaken. COVID-19 still hindering China. AUD Fundamental Backdrop The Australian dollar surrendered most of its (yesterday’s) marginal gains amid soaring risk sentiment. Meanwhile, the United States dollar appears strong as commodities prices resorted to a lower turn. Australian commodities export isn’t an exception as spot gold & iron … Read more
On Wednesday, trading on Wall Street remained choppy, but indexes recorded gains thanks to defensive shares. This was after the chairman of the US Federal Reserve, Jerome Powell had spoken about the aim of the central bank to dampen the hot inflation. Indexes Erase Losses US indexes had opened lower after a long weekend, but … Read more