About: anakin

All eyes will be on the US Federal Open Market Committee (FOMC) meeting this week for insights into upcoming interest rates hikes after annual inflation hit a 4-decade high of 9.1% in June. US policymakers are anticipating continued price surges and are backing a 50-75 basis points hike. Officials say the economic outlook warrants movingContinue Reading

Due to dismal results from social-media companies and weak economic data, US stocks dropped on Friday, failing to maintain the upward momentum and ending a three-day rise. Snap Inc.’s disappointing performance and Twitter Inc.’s weaker-than-anticipated sales figure have heightened concerns about online ad spending, which is also one of the mounting indications that technology businessesContinue Reading

The European Central Bank agreed to increase interest rates by 50 basis points, the first increase in almost a decade, in response to increasing inflation and the ongoing conflict with Russia. In addition, Gazprom restored gas shipments to the EU via the Nord Stream 1 pipeline, giving extra support for EUR purchasers. In the US,Continue Reading

US stock advanced on Wednesday, which is the first back-to-back gain in almost two weeks. Risk sentiment remains fragile, any upbeat surprises may lead to dramatic gains for markets amid investors’ expectations for potential disappointments. Tesla briefly jumped in extended trading after its earnings beat estimates. Besides the war in Ukraine, a slowdown in ChinaContinue Reading

US stock rebounded on Tuesday, regained upside momentum and closed near session highs in its biggest one-day gain since June 24th as investors assessed the outlook for earnings. Any upside surprises may lead to impressive gains for equity markets amid investors’ expectations for potential disappointments ahead of the earnings report season. But the market focusContinue Reading