Monthly Archives: April 2024
All Eyes on Today’s U.S. PCE
Written on April 29, 2024 at 6:05 am, by
Market Summary The release of the U.S. GDP data yesterday sent shockwaves through the financial markets, as the GDP price index surpassed both forecasted and previous readings. This has prompted market speculation that the U.S. PCE index, scheduled for release later today, will also exceed expectations, dampening prospects for Fed interest rate cuts. In responseContinue Reading
Eye On U.S. GDP Today
Written on April 29, 2024 at 6:05 am, by
Market Summary The U.S. equity markets saw a halt in their two-day rally, primarily pulled down by disappointing earnings from Meta Platforms. As a result, both the Nasdaq and S&P 500 were left nearly unchanged, while the Dow Jones Industrial Average closed lower. Market focus is now turning to Alphabet and Microsoft, whose earnings reportsContinue Reading
Wall Street Closes Higher On Profit Optimism
Written on April 29, 2024 at 6:04 am, by
Market Summary In the latest trading session, the Dollar Index retreated, failing to sustain its position above the $106 mark. This movement coincides with heightened buying interest in U.S. 2-year Treasuries, suggesting that investors are bracing for slower economic growth and potentially anticipating a Federal Reserve rate cut within the year. In the commodities market,Continue Reading
