Equites closed out the week with a loss as worries about escalating conflict in the middle east, mixed earnings and the rally in treasury yields this week was too much for investors.
Powell’s elucidations on economic resilience and fiscal paths ignite an upward trajectory in bond yields, simultaneously casting shadows on the equity market’s performance.
Last Night’s Market Recap Daily Weekly Daily Weekly Overnight – Fresh highs in bond yields squash earnings positivity Equities fell
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Equities fell overnight led by tech, as investor sentiment was soured by Nvidia-led weakness in chip stocks and a jump in Treasury yields following stronger retail sales data that boosted bets on a Fed rate hike by year end.
Equities rallied overnight as investors piled back into big tech, shrugging off an ongoing climb in Treasury yields as optimism of quarterly earnings expected this week.
Equities finished generally lower on Friday on continuing geopolitical pressure weighing on the market into a weekend.
The CPI rose to 0.4% in September, taking the annual rate to 3.7%, slightly above expectations for a 0.3% and 3.6% rise respectively.
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Investors shrugged off PPI (Producer Price Index) data pointing to an uptick in the pace of inflation as equities gained ahead of the key CPI
Equites closed higher on Tuesday after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower while investors cautiously monitored developments in the Middle East.
Equites edged higher as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.
