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A Bank of Canada rate cut and signs of further cooling in the labor market fueled investors “one-eyed” optimism, lifting hopes that the Federal Reserve will cut interest rates later this year
Stagflation is a tough economic situation where the economy slows down, many people lose their jobs, and prices keep rising all at once.
The best way to describe the markets positive spin on weakening economic conditions, is “oxymoron”, but history has often taught us that only the latter half of that word ends up describing those who buy it
Stocks closed lower led by a slump in energy stocks on falling oil prices and weaker manufacturing data pointing to a slowing in the economy.
In a week where rising bond yields de-railed the equities rally, Nvidia did its best to single handedly hold up the market.
Stocks closed lower for a second straight session, pressured by a salesforce-led dent in technology and cautious sentiment ahead of key inflation data due tonight.
Rising bond yields weighed down stocks overnight as investors become increasingly wary of stubborn inflation and the prospect of rates remaining higher for longer
The Nasdaq closed above 17,000 for the first time ever Tuesday, underpinned by a surge in Nvidia amid ongoing AI-led optimism.
Futures and metals prices ground higher in thin markets overnight as the US paid respect to their fallen on Memorial Day and the UK had a Bank Holiday
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Stocks push higher on Friday as the Nasdaq rallied to a record close, ending the week with a win as a Nvidia-led surge fueled bullish bets on stocks offsetting jitters about higher longer interest rates ahead of the long holiday weekend.
