Energies
About: Designer
Recent Posts by Designer
The Markets Are Awaiting US Consumer Price Index (CPI) Data This Week
market news update US technology stocks have achieved significant gains since the beginning of the current year, supported by the AI-driven boom. The market capitalization of the seven largest technology companies listed on the Wall Street Stock Exchange, namely Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta, has risen by about 60% this year, amountingContinue Reading
Fed’s June Meeting Sights Further Tightening of Monetary Policy
market news summary Most Federal Reserve officials indicated in their June meeting the possibility of further tightening of monetary policy in the near future, albeit at a slower pace than the rapid rate hikes seen since early 2022, according to the minutes of the Federal Reserve meeting released yesterday. Leading Eurozone stocks declined yesterday, Wednesday,Continue Reading
STARTRADER Monday’s Market Update 03-07-2023
Oil prices experienced a decline during the early Asian trading session today, Monday, as concerns over global economic slowdown and the possibility of the Federal Reserve raising interest rates were met with expectations of supply reductions amidst announced cuts by OPEC+. Last week, Federal Reserve Chairman Jerome Powell stated that further interest rate hikes wouldContinue Reading
Oil Prices Volatile Amidst Economic Factors and Production Cut Decisions
market news summary Morgan Stanley believes that the United States will avoid the expected widespread economic recession, supported by the flexibility of the labor market, which can withstand interest rate hikes by the Federal Reserve this year. They added: There is a clear slowdown in the labor market, however, the job gains rate has beenContinue Reading
Dow Jones Index Records Highest Close in 7 Months
market news summary European indices declined at the end of Monday’s trading session, led by healthcare stocks, after finishing the first half with gains of around 8.8%. At the end of the session, the STOXX600 index declined by about 0.21% to 461 points. The German DAX fell by 0.4% to reach 16,081 points, while theContinue Reading
