About: josephine

Recent Posts by josephine

Strong US job report eased recession fears

US stock closed flat on Friday after struggling for direction throughout the session as the strong US job report eased recession fears but further supported the case for a 75 bps rate hike by the Fed to fight inflation. Earlier in the North American session, the Nonfarm Payrolls report added 372K jobs to the economy Continue Reading

War in Ukraine, Slowdown in China, and Potential of a US recession make Investors Nervous

US stock advanced on Wednesday, which is the first back-to-back gain in almost two weeks. Risk sentiment remains fragile, any upbeat surprises may lead to dramatic gains for markets amid investors’ expectations for potential disappointments. Tesla briefly jumped in extended trading after its earnings beat estimates. Besides the war in Ukraine, a slowdown in China Continue Reading

Stocks fell as traders braced for a strong inflation report

Stocks slumped on Monday, with trades positioning for a high inflation reading and the start of a key earnings season that could provide clues as to whether the economy is heading for a recession. On the trade of the day, the dollar climbed, and a sell-off in mega-caps like Tesla Inc. and Apple Inc. weighed Continue Reading

This Week: Markets spotlight FOMC meeting amid record inflation worries

All eyes will be on the US Federal Open Market Committee (FOMC) meeting this week for insights into upcoming interest rates hikes after annual inflation hit a 4-decade high of 9.1% in June. US policymakers are anticipating continued price surges and are backing a 50-75 basis points hike. Officials say the economic outlook warrants moving Continue Reading

Fed Rate hikes may pull the economy into a recession, ECB’s plans to boost interest rates dragged the Euro lower

US stock declined on Tuesday amid fears that aggressive rate hikes will drag the economy into a recession ahead of Wednesday’s critical inflation report. Slowing economic growth and soaring inflation continued to weigh on investors’ mood across financial markets, as economists said that inflation kept heating up in June and might force the Federal Reserve Continue Reading

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