As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape.
The S&P 500 gained about 3.17 percent in the past five days to trade at around 4,514.87 as of Wednesday’s close.
A tighter labor market and lower jobs opening shows that inflation pressure continue. Companies are adopting a cautious before the Fed’s September meeting.
At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data.
The decelerating inflation reduces some of the pressure from the Fed, however, remains high over the central bank’s 2% target. Thus, the Fed is less to announce rate cuts anytime soon.
US equity market remains upbeat and optimistic ahead of the CPI data release for the month of July 2023.
After a strong rally in growth stock and other tech companies, analysts are advising investors for a sectorial rotation to defensive stocks.
Bitcoin’s volatility is at a 5-year low with K33 research analyst predicting that the period of low volatility could be ending soon amid pure structural squeezes.
The DIJA rally is going strong and withstanding pressure from sentiments surrounding the Fed’s increase in interest rates.
Technology stock popped up on Wednesday with easing yields. Analysts still expect the Federal Reserve to proceed with a rate hike later this month.
The Federal Reserve is expected to raise interest rates at its July meeting, according to market estimates.
The Nikkei is reflecting a general plunge in the global financial economy as it saw a plunge today despite hitting a high last week.
The dissipation of macroeconomic worries, improving earnings prospects for small-cap stocks, and positive performance in factor-based indexes all point to a broadening and strengthening market rally.
The Asia-Pacific markets displayed a positive trend, with gains observed in South Korea, Japan, mainland China, and Australia.
Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US.