Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
European markets are expected to start the week on a mostly positive note Monday, with all eyes on Tuesday's presidential election in the U.S. The U.K.'s FTSE 100 index is expected to open 4 points lower at 8,173, Germany's DAX up 11 points at 19,261, France's CAC up 2 points at 7,415 and Italy's FTSE MIB up 74 points at 34,507, according to data from IG. Earnings are set to come from BioNTech and Ryanair and data releases include European manufacturing purchasing managers' index data. Global markets are gearing up for a historic week, with the highly anticipated U.S. presidential election...
Hong Kong's stocks rose 51 points, or 0.25%, to 20,557 in early trade on Monday, up for the second session after the Saudi sovereign wealth fund announced last Friday a USD 1 billion financial commitment on the final day of the 2024 FII summit. China's parliament is set to begin its meeting today, with expectations to announce more details on fiscal stimulus measures when the meeting concludes on Friday. Source : Trading Economicsmuannya hari ini, dengan harapan untuk mengumumkan rincian lebih lanjut tentang langkah-langkah stimulus fiskal saat pertemuan berakhir pada hari Jumat....
Stocks rallied Friday to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report. The Dow Jones Industrial Average gained 288.73 points, or 0.69%, ending at 42,052.19. The S&P 500 advanced 0.41% to close at 5,728.80, and the Nasdaq Composite rose 0.8% to 18,239.92. Amazon rallied 6.2% as strength in the cloud and advertising businesses propelled the ecommerce giant above Wall Street's earnings expectations. Intel popped 7.8% after exceeding analysts' forecasts for revenue and offering strong guidance. The two stocks...
The European stock markets closed out a rough week sharply higher in Friday trading as The Stoxx Europe climbed 1.31%, the Swiss Market Index surged 1.63%, France's CAC rose 1.09%, the FTSE in London gained 1.07%, and Germany's DAX closed 1.10% higher. In the UK, the seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index fell to 49.9 in October from 51.5 in September, slipping into contraction territory for the first time since April. S&P attributed the decline in large part to a lack of consumer confidence and an economic slowdown. Meanwhile, UK house prices...
Stocks climbed Friday to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report. The Dow Jones Industrial Average gained 467 points, or 1.1%. The S&P 500 and the Nasdaq Composite rose 1% and 1.3%, respectively. Amazon rallied more than 6% as strength in the cloud and advertising businesses propelled the ecommerce giant above Wall Street's earnings expectations. Intel popped 5.3% after exceeding analysts' forecasts for revenue and offering strong guidance. The two stocks improved sentiment following some notable earnings...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...