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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

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

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

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

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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

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

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