Energies
About: Designer
Recent Posts by Designer
STARTRADER Monday’s Market Update 29-05-2023
The US indices opened today with upward price gaps after President Joe Biden and Republican House Speaker Kevin McCarthy reached a preliminary agreement on raising the debt ceiling. The agreement includes cuts to certain aspects of federal spending. Investors are still closely monitoring the US negotiations regarding the deal, which is progressing but in aContinue Reading
Initial Agreement Reached on the US Debt Ceiling
Market News Summary European stocks rose at the end of Friday’s trading session, driven by renewed optimism regarding the negotiations on the US debt ceiling. However, the European market recorded weekly losses, and the Stoxx 600 index for Europe closed 1.2% higher after dropping to its lowest level since early April during three negative sessions.Continue Reading
June May Mark the Beginning of an Economic Recession in America
The US may face an economic recession starting in June if Congress fails to increase the debt limit. The US Treasury Secretary expressed concerns about the consequences, including severe suffering for families, harm to global leadership, and questions about national security. A week of default could result in a million job losses and financial sectorContinue Reading
The Dollar Index Returns to Levels of 104
market news summary European stock indices ended Thursday’s session with a decline as ongoing negotiations over the US debt ceiling continued to have a negative impact on the markets. After a volatile day, the Stoxx 600 index ended the session down by about 0.24%. However, technology stocks defied the trend and closed higher by 1.8%Continue Reading
The Nasdaq Index Shines as Other Indices Decline
market news summary A new wave of selling pushed European stocks to record their largest daily loss in two months on Wednesday. The sentiment was negatively affected by the lack of progress in negotiations to raise the US debt ceiling and a jump in core inflation in Britain. Luxury goods companies experienced further losses, andContinue Reading
