Energies
About: Designer
Recent Posts by Designer
Sharp Declines in Stock Market
market news summary Chinese President Xi Jinping won a third five-year term today, Friday, March 10, as China’s nearly 3,000-member parliament voted unanimously in the Great Hall of the People in Beijing to elect the 69-year-old Xi to lead the country in a stale election in which he had no other competitors. Investors await theContinue Reading
Markets Await More Data Next Friday
market news summary US Federal Council Chairman Jerome Powell said that officials have not yet decided on the amount of interest rate hike they will take at their next monetary policy meeting. “We haven’t made any decision about the March meeting, and we won’t until we see the additional data” that will be released betweenContinue Reading
The Dollar Dominates after Powell’s Remarks
market news summary Powell stated that the Fed would not consider changing its 2% inflation target and that the labor market does not indicate an approaching deflation. After the remarks, investors dramatically raised their bets on a 50 basis point rate hike in March, with money market futures pricing in more than a 65% chanceContinue Reading
What is a Trading Session?
Markets Await Powell’s Testimony
MARKET NEWS SUMMARY European stocks ended the trading session on Monday, March 6, on a mixed note, amid a follow-up to economic data. At the end of the session, the STOXX600 index settled, recording 464 points, with a decline in shares of mining companies by 2.6%. The British FTSE declined by 0.2%, recording 7929 points,Continue Reading
