About: josephine
Recent Posts by josephine
US Stock fell as market worries about recession
As global investors worry about a recession, U.S. stocks fell on Monday. The Dow fell 162.92 points to 32757.54. S&P 500 dropped 34.7 points to 3817.66. Tech-heavy Nasdaq rose 159.38 points to 10546.03. The Fed, BoE, and ECB raised rates by 50 basis points last week to curb inflation. The benchmark 10-year U.S. government yield Continue Reading
Bank of Japan maintains policy rate, raises upper band yield target
The US Dollar index dropped 0.73% daily on Tuesday, tumbling following a sudden announcement from the Bank of Japan(BoJ). Despite the Bank of Japan keeping their policy rate unchanged, the increase in the upper band limit on the yield target caused the surge of Yen and weighed on the DXY index. US stocks oscillated between Continue Reading
US Consumer Confidence boosted the sentiment
US equities rallied for a second day, as an improvement in consumer confidence and better-than-expected earnings boosted sentiment. Treasuries were mixed after Tuesday’s selloff following the Bank of Japan’s unexpected increase in its yield trading band ebbed. Market participants did not hear from Fed speakers this week, which also helped fuel the so-called ‘Santa rally’ Continue Reading
The Fed said the economy can handle more tightening
US equities dropped on Thursday, as investors digested data validating the Federal Reserve’s assertion that the economy is robust enough to withstand more tightening. Technology stocks were battered after a gloomy outlook from chipmaker Micron Technologies Inc. weighed on sentiment. Data released on Thursday painted a picture of a resilient economy, stoking concern that the Continue Reading
Market awaits US CPI data for this week
The DXY and the US equity market moved in an inverse correlation, the U.S. Michigan Consumer Sentiment and PPI released last Friday both showed a positive future for the U.S. Dollar, the greenback had little bounce that raised 0.11%, sits at $104.932, moreover, the December CPI report scheduled to release on Tuesday, might lead to Continue Reading
