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Tech Giants and Retailers Dominate a Crucial Week for Earnings Reports

Reports from Nvidia, Salesforce, Dell, and CrowdStrike are set to headline a busy week for earnings in the tech sector. Investors are also eyeing financial updates from major retailers like Dollar General, Five Below, Abercrombie & Fitch, and Ulta Beauty. The week will be capped off with crucial inflation data on Friday, which will be…

ByPexecoAugust 25, 20240Comments

News

Kamala Harris Just Released Her Economic Plan

KEY TAKEWAYS Vice President Kamala Harris laid out her economic agenda Friday, promising tax breaks for middle-class families and to crack down on companies raising rent and grocery prices. Many of Harris's proposals expanded on policies proposed by President Joe Biden. Harris's agenda contrasts with Republican opponent Donald Trump, although the two campaigns have some…

ByPexecoAugust 18, 20240Comments

News

Euro and Pound Strengthen as Lower US Inflation

Favorable market conditions in the eurozone and the UK and lower US inflation could prompt the US Federal Reserve to consider rate cuts. As the euro and pound strengthen, the Fed might feel pressured to adjust rates to maintain the competitiveness of the dollar. Both the euro and stock markets across Europe climbed following the…

ByPexecoAugust 15, 20240Comments

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Can the ‘Magnificent Seven’ Stocks Recover?

KEY TAKEWAYS The "Magnificent Seven" on Friday notched their fifth consecutive week of losses, the group's longest losing streak since 2022. The group has been hammered in recent weeks by fears about a U.S. recession fears and overspending on artificial intelligence. Analysts have mostly characterized the recent selloff as a natural pullback that, to some,…

ByPexecoAugust 11, 20240Comments

Commodities News

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Crude oil prices saw a sharp rebound after hitting a six-month low on Wednesday. Rising demand and ongoing conflict in the Middle East are driving the price increase. The oil markets rebounded sharply on Wednesday, with the Brent futures at the Intercontinental Exchange rising 2.42% to $78.33 per barrel, and WTI futures at the New…

ByPexecoAugust 8, 20240Comments

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Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate decision remains a key factor in determining the single currency's trend. The euro has recently surged amid global market turmoil, being viewed as a safe haven currency. The exchange rate…

ByPexecoAugust 7, 20240Comments

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European markets and Wall Street mixed after Monday’s sell-off

European markets opened higher on Tuesday morning but went back in the red by the afternoon as Wall Street started Tuesday's trading session in the green. European markets opened higher on Tuesday with Germany's DAX, France's CAC 40 and London's FTSE 100 all in the green after a massive sell-off on Monday. However, by the afternoon, all…

ByPexecoAugust 6, 20240Comments

News

Global Markets Plunge as US Recession Fears Intensify

Fears of a US recession are driving global market sell-offs. Equities dropped sharply, the dollar weakened, and bonds and the yen strengthened. Global financial markets are witnessing a wave of risk aversion, intensifying dynamics that had already begun to emerge late last week when disappointing US economic data sparked fears of a recession in the…

ByPexecoAugust 5, 20240Comments

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Why Stocks Just Had Their Most Volatile Two Weeks in Over a Year

KEY TAKEWAYS Stock market volatility has surged in recent weeks. Over the last 10 days, the S&P 500's average daily move was 1.02%, the highest since March 2023. There wasn’t a single day that the S&P 500 moved more than 1% between June 6 and July 9, two days before a soft inflation report surprised…

ByPexecoAugust 4, 20240Comments

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Global stocks plunge after tech-driven sell off and US growth fears

The global sell-off on stock markets deepened as US jobless figures hit a three-year high. The unemployment rate rose to 4.3%, up from 4.1% and its highest level since October 2021. Global stock markets were in a sea of red on Friday as risk-off sentiment prevails following the Bank of Japan's (BOJ) rate hike, coupled…

ByPexecoAugust 3, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

News

Tech Giants and Retailers Dominate a Crucial Week for Earnings Reports

Kamala Harris Just Released Her Economic Plan

Euro and Pound Strengthen as Lower US Inflation

Can the ‘Magnificent Seven’ Stocks Recover?

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

European markets and Wall Street mixed after Monday’s sell-off

Global Markets Plunge as US Recession Fears Intensify

Why Stocks Just Had Their Most Volatile Two Weeks in Over a Year

Global stocks plunge after tech-driven sell off and US growth fears