Category: market
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The stock market is approaching 2 catalysts that will spark the next leg of the bull run, market vet says
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Ed Yardeni, President and Chief Investment Strategist, Yardeni Research, April 30, 2015Adam Jeffrey/CNBC/NBCU/Getty Images Ed Yardeni said the record stock market rally will get a boost from key economic data and earnings results. Second-quarter GDP and June personal consumption expenditure data on Thursday and Friday could bolster the soft landing…
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Daily FX Market Review: Pressure Mounts on Bank of Japan as Yen Rises for Second Day
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the Japanese Yen The pound rose for a second day in a row against the US dollar, supported by comments from a senior Japanese politician. Bank of Japan (BOJ) conducts Urged by Toshimitsu Motegia senior official in Japan’s ruling party, to more clearly indicate his intention. Monetary policy normalization. Normalization…
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Faulu Microfinance Bank launches money market fund
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Faulo Microfinance Bank has launched the Money Market Fund (MMF), with the aim of expanding investment options for its clients. A money market fund (MMF) is a type of mutual fund that invests in high-quality, short-term debt instruments, cash, and cash equivalents. Although not quite as safe as cash, money…
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Daily Broad Market Recap – July 22, 2024
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Political developments in the US and China’s surprise move to ease monetary policy dominated headlines earlier this week. How did asset classes react to this news? Here are the market headlines you need to know: headlines: US President Biden withdraws from presidential raceVice President Harris is endorsed as the Democratic…
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EAC, Comesa, Sadc merger into seamless market begins Thursday
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At least 14 countries will begin trading freely within East, Central and Southern Africa from Thursday, July 25, after ratifying the Tripartite Free Trade Area (TFTA) agreement that unites the East African Community (EAC), the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA)…
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France urges Europe to step up work on faster stock market settlements By Reuters
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PARIS (Reuters) – The Bank of France and the country’s financial markets regulator urged Europe on Monday to step up work on halving the time it takes to settle stock trades, allowing Europe to catch up with Wall Street. The joint statement from the Bank of France and the securities…
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Market Outlook for the Week of 22nd – 26th July
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The foreign exchange calendar is light on events scheduled for Monday and Tuesday. On Tuesday, traders will be watching the US existing home sales data and the Richmond manufacturing index. On Wednesday, focus shifts to the spot services PMI and spot manufacturing PMI for Australia, Japan, the eurozone, the UK…
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Six Things to Watch for Crypto Market Impact This Week
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Cryptocurrency markets made gains over the weekend, with total market cap hitting a six-week high. All eyes are on this week’s personal consumption expenditures inflation data, which is the Federal Reserve’s preferred gauge of inflation and could influence its decision to cut interest rates in September. Additionally, the major shift…
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Stock investors are staring down a bearish trifecta that could spark a 12% market drop by October, strategist says
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Stocks could see a double-dip correction over the next three months, according to a veteran strategist.Getty Images; Jenny Chang Rodriguez/PA Bill Blaine said stock markets could see a double-digit decline by the fall amid a host of headwinds. The veteran strategist said stocks are overvalued and face risks from rising…
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Weekly Market Outlook (22-26 July)
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Upcoming Events: Monday:PBoC LPR. Wednesday:Spot PMIs for Japan/Australia/Eurozone/UK/US, Bank of Canada monetary policy decision. ThursdayUS durable goods orders, US jobless claims, US Q2 GDP advance. FridayTokyo Consumer Price Index, US Personal Spending Index. Monday The People’s Bank of China is expected to keep the benchmark mortgage rate unchanged at 3.45%…
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Market mosaic: Navigating through a mixed performance landscape
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Stock Heat Map from FinViz.com Friday, July 19, 2024 13:46:11 GMT Market Mosaic: Navigating the Mixed Performance Landscape Today’s stock market offers a vibrant tapestry of performance across sectors, as is clearly evident in the latest heat map snapshot. As markets fluctuate, understanding sector dynamics becomes critical to informed investment…
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Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
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Despite the crypto market’s recovery, a significant number of Cardano holders are still suffering losses, leading to speculation as to why. Data from IntoTheBlock shows that the altcoin is the worst performing in terms of profitability when it comes to the top 10 cryptocurrencies by market cap, disappointing its holders…
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Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
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Despite the crypto market’s recovery, a significant number of Cardano holders are still suffering losses, leading to speculation as to why. Data from IntoTheBlock shows that the altcoin is the worst performing in terms of profitability when it comes to the top 10 cryptocurrencies by market cap, disappointing its holders…
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Global Market Weekly Recap: July 15 – 19, 2024
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Market correlations were a bit mixed this week, suggesting that major assets were mostly moving to their own rhythms. Traders were also likely struggling to balance different themes and stories, including mixed interest rate cut speeches from Fed members, weaker-than-expected global economic activity data, and geopolitical headlines. US stock indices…
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Stock Market News Today: Markets post worst week since mid-April (SP500)
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Wall Street on Friday posted its worst week since mid-April, as the exodus from technology stocks continued over the past few days, sparked by Thursday’s consumer inflation report. The technology-heavy Nasdaq Composite Index (Compound: Indian) I recorded the first three days A losing streak since June 24, Decrease by 0.81%…
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Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next
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One market strategist stated that Bitcoin (BTC)The world’s largest cryptocurrency, finally It ended its downtrend.According to the strategist, Bitcoin may head towards a new price target, driven by a positive shift in its market value. Bitcoin’s downtrend is over Cryptocurrency analyst identified as ‘Rekt Capital’ on X (formerly Twitter) Advertise…
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Daily Broad Market Recap – July 18, 2024
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High-yielding assets got off to a strong start, but ended up falling as the US dollar and bond yields regained the upper hand. What happened in the markets recently? Here are the updates you need to know: headlines: Employment Change in Australia in June: +50.2K (19.9K expected, 39.5K prior), Unemployment…
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ECB’s Villeroy: market expectations on rates seem rather reasonable
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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ECB’s Villeroy: market expectations on rates seem rather reasonable
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Shiba Inu Burn Rate Sees Epic 874% Spike Amid Market Rebound
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The Shiba Inu burn rate has seen a significant recovery over the past day as the number of tokens sent to the burn address has increased significantly. This recovery comes at a time when the cryptocurrency market has started to move towards the green again, and digital assets like Shiba…