US stocks were lower on Thursday, extending the poor momentum this week as markets assessed the outlook on rates and retailers' earnings for hints on the strength of the consumer. The three main equity indices were around 0.4% down, with the Nasdaq 100 set to drop sharply this week after a tech selloff.
FOMC minutes showed that most members saw inflation risks as greater than labor market risks, while policymakers showed a degree of concerns that inflation expectations could become unanchored. Tech giants remained broadly under pressure as markets showed skepticism that AI services will deliver returns expected following this year's rally, driving Nvidia, Palantir, and Meta to book sharp losses since last Friday.
In the meantime, Walmart fell 3% after posting a rare profit miss in the second quarter, even though the world's largest retailer upgraded its guidance. Tomorrow, a speech by Fed Chairman Powell is likely to update markets on how the Fed sees labor market risks developing.
Source: Trading Economics
Asian stock markets continued their rally for a third day, tracking gains on Wall Street. Indexes in Japan, South Korea, and Australia opened higher after the S&P 500 rose 0.9% and the Nasdaq 100 ...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal Reserve interest rate cut and the state of artifici...
European stocks advanced on Tuesday as regional markets cemented their positive start to the week. The pan-European Stoxx 600 closed the session preliminarily 0.9% higher, with most major bourses and...
Stocks in Europe edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 gaining nearly 0.2%, extending the modest advance from the previous session. Rising expectations of a Fed rate cut ne...
Asian stocks rallied, following Wall Street's gains, buoyed by confidence that the Federal Reserve could cut interest rates in December and a rebound in technology stocks. Japanese and South Korean st...
Gold (XAU/USD) maintained its intraday gains, nearing a one-and-a-half-week high reached in the Asian session, supported by dovish expectations from the Fed. The latest US data showed inflation is starting to ease, while comments from several Fed...
Silver prices (XAG/USD) continued their three-day rally, approaching US$52.00 per troy ounce during Wednesday's Asian session. This strengthening occurred as US bond yields weakened, with the 10-year US Treasury yield holding around 4.00% after...
The Australian dollar strengthened to around US$0.65 on Wednesday, hitting a one-week high. This strengthening occurred after higher-than-expected inflation data came out, further convincing the market that the Reserve Bank of Australia (RBA) will...
European shares ended higher on Monday, boosted by technology-focused stocks as risk sentiment improved on growing expectations of a U.S. interest...
Asia-Pacific markets started the week with gains after New York Fed President John Williams signaled that a third interest rate cut is still...
U.S. President Donald Trump said fiscal revenue from his trade tariffs is set to "skyrocket" in the coming months as inventory levels among local...
European stocks recovered in afternoon trading and closed slightly higher on Monday (November 24th), paring losses from the previous week thanks to...