About: josephine
Recent Posts by josephine
Powell’s Hawkish Remarks Spark Wall Street Sell-Off and Recession Concerns
Jerome Powell’s hawkish rhetoric triggered a surge in Federal Reserve rate expectations, sparking concerns of a potential recession and causing a sell-off in the riskier segments of the market, resulting in Wall Street experiencing a reality check. During a Senate hearing, Powell suggested that the Fed may accelerate the pace of tightening and raise interest Continue Reading
US Equity Markets Volatile Despite Fed Reassurances, Jobs Data Awaited on Friday
On Wednesday, the US equity market experienced volatility despite the reassurance from Fed chief Jerome Powell that the central bank is not seeking to cause a recession and that no decision has been made on the size of a rate increase in March. Powell’s testimony to American lawmakers increased bets that the Federal Reserve will Continue Reading
US Equity Market Drops Amid Banking Sector Rout and Economic Data
On Thursday, the US equity market took a turn for the worse as concerns grew over trouble in the banking sector and investors braced for Friday’s payrolls report. Weekly jobless claims, released on Thursday, surpassed expectations and marked the first time claims had risen above 200K since early January. Stronger-than-expected figures in Friday’s monthly jobs Continue Reading
Fluctuations in US Stock Market Due to Treasury Yield Drop and Tech Stocks Rebound
The US stock market experienced fluctuations on Monday, marked by oscillations between gains and losses. A sudden drop in the yield on the two-year Treasury note was one of the reasons for this. The drop was significant, its largest in decades. On the other hand, tech stocks rebounded from a previous week’s dip after Silicon Continue Reading
Rupee likely to find support from expected inflows as US yields rise
Key points: The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from the inclusion of Indian bonds in a major emerging market index. This inclusion, effective from June 28, is likely to attract passive fund inflows, providing support to the rupee. Picture: Indian rupee trading at 83.562 on the Continue Reading
