The Dow Jones Rebounds After Reassuring Guidance From Key US Companies!
- Stocks rebound after leading economists come out in force to confirm no recession is approaching.
- The NASDAQ rises 2.87% and the Dow Jones 1.77%. The SNP500 witnesses its best day since November 2022.
- A sense of relief after the Weekly Unemployment Claims was 8,000 lower than expectations.
- The British Pound
Earnings and Inflation Boost the Dow Jones, Eyes Turn to Walmart’s Report!
- US inflation falls from 3.00% to 2.90% making a September rate cut certain.
- According to the CME Group, there is a 64% chance of the September rate cut being 25-basis points.
- Japanese GDP data confirms the economy grew 0.8% in the past quarter. The UK economy sees no growth in
Why Are Stocks Falling and Is the Market Overreacting?
- The global stock markets turn red as all major indices significantly decline.
- The NASDAQ falls more than 6% on Monday and the NIKKEI225 wipes off all 2024’s gains.
- The US Unemployment Rate unexpectedly rises to 4.3% and the NFP figures fall to the lowest since February 2021!
- Warren Buffet opts
US Employment Data in the Spotlight as Fed Decision Looms
- The US Dollar Index rises to its highest level in 20 days and breaks above its recent price range.
- The market turns its attention to tomorrow tonight’s Federal Reserve Press Conference. Investors will be monitoring any indications of rate cuts for September.
- Analysts again expect the consumer confidence to drop
The Japanese Yen Leads as Global Central Banks Anticipate Cuts!
- Markets watch global central banks confirm their latest rate decision. This week includes Bank of Japan, Federal Reserve and Bank of England.
- Global stocks rose on Monday! The NASDAQ rises 0.67% as major tech-earnings edge nearer.
- Tuesday’s earnings releases include Microsoft, ADM and Starbucks.
- Analysts expect the Fed to ready