About: josephine
Recent Posts by josephine
ADP result surprised the market, all eyes switched to NFP
U.S. equities continued to fall throughout Thursday’s trading. Equities retreated due to the upside surprise from the ADP nonfarm employment change, which showed that employers added 235,000 jobs in December, and initial jobless claims, indicating 204,000 claims in December. The two red-hot job reports affirmed the Fed’s reservations on the contractual effectiveness of its interest Continue Reading
US Employment data indicate that employment rose in December
U.S. equities scored their best trading day of the year throughout last Friday’s trading. The Dow Jones Industrial Average climbed 2.13% to close at 33630.61. The S&P 500 gained 2.28% to close at 3895.08. The tech-heavy Nasdaq composite jumped 2.56% to close at 10569.29. U.S. equities rose after the U.S. nonfarm payrolls and unemployment change Continue Reading
Volatility on the first trading day of the week
U.S. equities witnessed a volatile trading session on the first trading day of the week. The initial hours of the American trading session saw equities extend their risk rally that started last Friday, however, markets turned cautious after Atlanta’s Fed president Raphael Bostic reiterated the central bank’s intentions of increasing rates beyond 5% to control Continue Reading
Market flat in end-of-year holiday season
US stock ended Friday’s session with gains as investors digested data showing inflation is continuing to ease and the Federal Reserve’s rate hikes are serving their purpose. Data on Friday showed the Fed’s closely watched measure of inflation cooling and consumer spending stagnating. Consumers’ year-ahead inflation expectations also dropped this month to the lowest since Continue Reading
US 10-year treasuries climbed as China lifted the visitor quarantine
US stocks fall to start the final week of 2022 trading. Tesla Inc. shares led to losses as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks. Besides, Apple Inc. touched the lowest since June 2021 amid a slump in big tech. Moreover, Southwest Airlines Co. Continue Reading
