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Tag: Indices

blog economic data boost 15 12 21

Economic Data Boost Stocks as Inflation Fears Remain

Stocks in Europe were hovering around record levels on Wednesday, as they were uplifted by energy and consumer stocks. Investor sentiment was boosted by positive economic data from the U.S. and Europe. The substantial growth in the US and European factory activity in May elevated global shares to new high
blog gold experiences slight rise 18 6 21

Gold Experiences Slight Rise, WTI hovers around $70

Yesterday, US markets closed with slight declines in major indices such as the Dow Jones and the S&P 500. In contrast, the Nasdaq rose 0.9% on the back of gains in technology stocks. In this morning’s Asian session, the S&P 500 was up 1% and the Nasdaq 0.2%. Ten-year Treasuries
blog ny fed forecasts 15 6 21

NY Fed Forecasts Higher Inflation & WTI Hits $71.08

Yesterday, amid rumors of creeping inflation, the S&P 500 and Nasdaq 100 touched record highs increasing by 0.2% and 0.9% respectively. Crude oil continues to hover around $70 a barrel, with West Texas Intermediate (WTI) at $71.08 a barrel, at the time of writing. Gold fell 0.1% and Treasury yields
blog inflation soars back 11 6 21

Inflation Soars Back to 13-Year High

Yesterday, the US Department of Labor released data on the Consumer Price Index (CPI). The figure reached 5%, showing a monthly rise of 0.6% over May and a 1,2% increase from the same period in 2008. Cars, flights, clothing, and home goods prices have risen the most. Only the sale
blog new data releases 10 6 21

New Data Releases in Europe and the USA

On Wednesday, the markets were bearish. The Dow Jones closed the US session 0.44% lower, the Nasdaq was down 0.09% and the S&P 500 fell 0.18%. In Europe, the CAC 40 was up 0.19% and the Dax 30 closed with a decline of 0.38%. In addition, US retail sales figures

Zooming in the Global Inflation

Yesterday, despite Friday’s NFP data, and the anticipation for the inflation indicating Consumer Price Index (CPI) scheduled to be released on Thursday this week, markets closed in the green. Major European indices closed slightly higher, with the CAC 40 up 0.43% and the Dax 30 reaching a new record high.

Stability in Cryptocurrencies & Biden’s Tax Plan

During Thursday’s trading session stock markets stabilized. The Nasdaq broke above the 50-day moving average, the SP&500 was up 0.1%, oil suffered its biggest weekly drop since March, the dollar weakened, and cryptocurrencies seemed to steady after their plunge in recent days. The stability in cryptocurrencies comes on the same