SPX500 Supported by Debt Ceiling & Banking Optimism
The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
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The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
The CEO of EV King Tesla covered a wide range of issues during Tuesday’s annual shareholder meeting, teasing two new vehicles, offering more insights on to the upcoming Cybertruck and more
The pair had a mixed reaction to today’s wage price index form Australia and remains cautious, as markets digest discouraging Chinese data and debt ceiling talks in the US
Watch today’s US Open for commentary on the latest data from China, IEA’s upgrade in the 2023 oil demand outlook, latest and upcoming earnings and more
The commodity lacks firm direction after a strong weekly start, as markets contemplate IEA’s upgraded demand outlook and below-expectations economic data from China
The British Pound reacted lower to today’s data that showed an unexpected increase in the jobless rate, which could potentially help the BoE into a less aggressive stance, but wages remain elevated
The Chinese economy has been reopening after the abandonment of the strict Covid containment policies, but April’s indicators cast doubt over the prospects of the recovery
The Bank of England raised rates again on Thursday and kept the door open to further tightening, but the index shows resilience as the bank does not see recession any more
The pair registered its worst week since September, as risk factors helped the greenback, but finds reprieve today ahead of critical support region
Most major central banks around the world have been aggressively hiking rates for around a year now to rein in inflation, but different approaches have emerged, as they get closer to peak rates in an uncertain environment
The commodity made a strong start to the week, but erases those gains on soft inflation data from China that cast doubts over the strength of its recovery and an increase in US stockpiles, as banking fears persist
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