Monthly Archives: July 2022
US stocks rose to a seven-week high as investors pushed upon Fed rate rises
Written on July 29, 2022 at 1:10 am, by anakin
US stock rallied on Thursday, preserving its bullish momentum and climbing to a seven-week high as investors pared their bets on Fed’s aggressively rate hikes amid the weak economic data. The US Gross Domestic Product (GDP) in Q2 showed that the economy entered a technical recession after contracting by 0.9%. However, investors remained their speculationContinue Reading
Fed rate raised by 75 basis points; Fed acting swiftly to combat inflation
Written on July 28, 2022 at 1:50 am, by anakin
In response to Fed chairman Jerome Powell’s less hawkish remarks after the central bank’s monetary policy decision, US stocks jumped on Wednesday, regaining upside momentum and making a significant return. Wednesday, the US Federal Reserve stated that it had increased the main benchmark rate by 75 basis points to a range of 2.25 to 2.5%,Continue Reading
Concern about the global economy, Market expect another 75bps rate hike
Written on July 27, 2022 at 1:10 am, by anakin
Tuesday’s decline in US stocks was precipitated by deteriorating economic conditions, worries of a recession, and sky-high inflation. The dismal outlook of the world’s largest retailer, Walmart Inc., illustrates the effects of inflationary pressures on consumer spending. Concerns over a faltering global economy prompted investors to anticipate another 75-basis-point increase before to a widely anticipatedContinue Reading
Market awaits today’s FOMC meeting
Written on July 26, 2022 at 1:22 am, by anakin
Amidst the lowest intraday volatility and volume of the year and ahead of this week’s crucial Fed meeting, US stocks inched up on Monday amid a turbulent session. Large technology firms remained under bearish pressure as investors anticipate negative earnings report news. Despite recession fears, investors are awaiting the conclusion of Wednesday’s critical FOMC monetaryContinue Reading
This Week: Markets spotlight FOMC meeting amid record inflation worries
Written on July 25, 2022 at 3:52 am, by 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
Inflation, Rising Interest Rates, and Recession Fears keep Market Sentiment Fragile
Written on July 25, 2022 at 1:38 am, by anakin
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
ECB Raised Interest Rates by 50 bps in Reaction to Rising Inflation and Russia Crisis
Written on July 25, 2022 at 1:35 am, by anakin
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
War in Ukraine, Slowdown in China, and Potential of a US recession make Investors Nervous
Written on July 21, 2022 at 2:33 am, by anakin
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
Markets Focused on Central Banks’ Aggressive Monetary Tightening. ECB consider a 50 bps hike.
Written on July 20, 2022 at 2:30 am, by anakin
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
Apple and Alphabet to Slow Hiring for a Recession Concerns. European Investors worried about Russia’s Gas Supply.
Written on July 19, 2022 at 2:28 am, by anakin
US stock declined on Monday, failing to preserve its bullish momentum after Apple Inc.’s plans to slow hiring added to the market’s concerns that the Federal Reserve’s aggressively monetary tightening against higher inflation will result in a recession. Wall Street was unable to retain its early gains and turned red despite the US encouraging dataContinue Reading
