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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

News

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

News

What To Expect on Interest Rates From Next Week’s Fed Meeting

KEY TAKEWAYS The Federal Reserve is widely expected to maintain its influential interest rate at its current 23-year-high level when officials make policy decisions on Wednesday. Inflation moderated in the second quarter and the job market has continued softening, factors that will likely encourage the Fed to cut interest rates in the coming months. Market…

ByPexecoJuly 28, 20240Comments

Stocks

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

KEY TAKEWAYS The Roundhill Magnificent Seven ETF suffered its largest daily decline on record on Wednesday. Investors fled America's tech giants after earnings reports from Tesla and Alphabet raised concerns about the cost of artificial intelligence investments and the sustainability of the Mag Seven's blistering earnings growth. Still, the group is expected to report that…

ByPexecoJuly 25, 20240Comments

Finance News

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

KEY TAKEWAYS Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation. However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts. While inflation is likely to continue to trend lower, it likely won’t reach…

ByPexecoJuly 9, 20240Comments

Commodities

What To Watch in Oil Markets in the Second Half of the Year

KEY TAKEWAYS A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast. For consumers,…

ByPexecoJuly 6, 20240Comments

Economic Calendar

What To Expect in the Markets This Week 24-28JUN2024

KEY TAKEAWAYS The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures (PCE) index, will be released Friday. The inflation data and a slew of other indicators during the week will be closely watched amid hopes that continued indications of sluggish economic activity could spur the Fed to cut interest rates. Several Federal Reserve…

ByPexecoJune 23, 20240Comments

Economic Calendar

What To Expect in the Markets This Week 10-14JUN2024

KEY TAKEAWAYS The Federal Reserve is expected to keep interest rates steady this week, putting the focus on officials' projections for the timing of potential cuts and the trajectory of the economy. The Consumer Price Index (CPI) report will show whether inflation continues to cool after heating up earlier this year. Apple's big developers conference…

ByPexecoJune 9, 20240Comments

Featured Finance News

Non-Farm Payrolls Report Shifts Federal Reserve Rate Cut Timeline: Key Insights

The U.S. labor market report published today has completely altered the market outlook. This week's data has been quite favorable for the Federal Reserve, which has maintained its stance and continued to indicate a desire for interest rate cuts this year. Today's data likely delays the timeline for these cuts, though upon deeper analysis, some…

ByPexecoJune 7, 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

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

Global Markets Plunge as US Recession Fears Intensify

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

What To Expect on Interest Rates From Next Week’s Fed Meeting

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

What To Watch in Oil Markets in the Second Half of the Year

What To Expect in the Markets This Week 24-28JUN2024

What To Expect in the Markets This Week 10-14JUN2024

Non-Farm Payrolls Report Shifts Federal Reserve Rate Cut Timeline: Key Insights