US stocks jumped while the US Dollar extended its decline on Thursday after the March producer price index data came out below expectations. This decline confirmed the recent slowdown in inflation following the latest consumer price index release. All three major US stock indexes closed in green, the S&P500 rose by 1.33%, the Nasdaq climbed …
The U.S Dollar extended its advance earlier this week, meanwhile, traders await the latest change in inflation scheduled for tomorrow. Those figures are very important as the FED continues to monitor actively inflation levels to determine its next monetary policy move. The CPI is expected to have declined in March from 0.4% to 0.2%, if …
In the FX market, the US Dollar managed to bounce against the major currencies on Wednesday. Meanwhile, gold failed to hold yesterday’s gains after reaching a high of $2032 per ounce. Looking at the latest developments in the US stock market, the Dow was up 0.24% backed by a strong performance of healthcare stocks, however, …
To kick off the new quarter, we saw a surge in Oil prices after large producers within the OPEC+ group agreed to cut oil production by more than one million barrels per day starting next month. WTI rallied by more than 6% to settle above $80 per barrel on Monday. In the FX market, the …
The US Dollar weakened on Thursday hit by the recent decline in the GDP figures while US stocks extended the rally as investors’ worries are fading away. All major indexes were up on Thursday, with the Nasdaq entering a bull market after advancing more than 20% from December’s low. Later today, traders will be looking …
The US Dollar traded slightly higher on Wednesday due to the lack of economic releases, while US stocks rallied as banking concerns continue to ease. All major indexes closed higher yesterday, the S&P500 rose by 1.4%, the Dow was up 1% and the Nasdaq gained 1.8%. As of today, traders will be looking for the …
Global stocks closed higher on Monday after UBS took over Credit Suisse which helped to ease investors’ fear. All three US indexes managed to end the day in positive territory with the Dow Jones gaining 1.20%, the S&P 0.89%, and the Nasdaq 0.39%. Meanwhile, gold rallied reaching the highest level for this year at $2010 …
Credit Suisse shares crashed on Wednesday reaching a record low of 1.56 Swiss francs per share after the Saudi National Bank which is considered the largest shareholder said it will not prove more funding to the Swiss bank due to regulations that limit the shareholding stake at 10%. This statement added fear to investors which …
Global Stocks Under Pressure Amid Credit Suisse Worries Read More »
Gold rallied on Wednesday while global stocks suffered another selloff amid Credit Suisse fears. In the US, the Dow Jones ended the day losing 280 points while the S&P500 dropped by 0.7%.Moreover, WTI crude oil fell below $70 a barrel for the first time since 2021 on rising concerns about the latest developments in the …
The US Dollar extended its decline on Monday as traders await the latest change in inflation. The FED is actively monitoring inflation levels to decide its future monetary policy.Looking at the US stock market developments, the Dow and S&P500 ended the day lower while the Nasdaq rose. Investor sentiment remains mixed following Silicon Valley Bank’s …