Monthly Archives: February 2023
Week ahead: Will the Reserve Bank of Australia increase its rates this month?
Written on February 6, 2023 at 1:36 am, by anakin
The upcoming week will bring much anticipation for the financial community as the Reserve Bank of Australia (RBA) is set to announce its latest monetary policy decision. The central bank has been on a streak of consecutive rate hikes, but speculation has been brewing about whether or not it will continue this trend. With the Continue Reading
NFP surprised markets rose by 517K
Written on February 6, 2023 at 1:33 am, by anakin
US stocks declined lower last Friday, posting weekly gains but ended its three-day advance after a volatile Friday session as investors contended with data pointing to a robust labor market. On Friday, the US Bureau of Labor Statistics (BLS) surprised markets by revealing that the Nonfarm Payrolls (NFP) rose by 517K in January, which came Continue Reading
Powell’s dovish message boosted stocks
Written on February 3, 2023 at 8:16 am, by anakin
The Nasdaq and S&P 500 indexes closed higher and hit roughly five-month highs on Thursday (Feb. 2), as a more dovish-than-expected message from Fed Chairman Jerome Powell boosted stocks and Meta Platforms shares surged on tight cost controls. The S&P 500 rose 1.47% to 4,179.76, its highest level since August. Meanwhile, the technology-focused Nasdaq Composite Continue Reading
Weekly Dividend Adjustment Notice – February 02, 2023
Written on February 2, 2023 at 8:12 am, by anakin
Dear Client, Warmly reminds you that the component stocks in the stock index spot generate dividends. When dividends are distributed, VT Markets will make dividends and deductions for the clients who hold the trading products after the close of the day before the ex-dividend date. Indices dividends will not be paid/charged as an inclusion along Continue Reading
Fed raise the interest rate by 25bps as expected
Written on February 2, 2023 at 4:07 am, by anakin
The Dow closed flat Wednesday, as investors weighed up the Federal Reverse’s widely expected quarter-point rate hike and Fed Chairman Jerome Powell’s lack of pushback on the recent rally in stocks and easing financial conditions. The Dow Jones Industrial Average was up 0.02%, or 6 points, the S&P 500 rose 1.1%, and the Nasdaq Composite Continue Reading
US Stocks rise as market focus on Fed decision
Written on February 1, 2023 at 3:51 am, by anakin
The Dow climbed Tuesday, to end the month in the green as investors digested a slew of mostly better-than-expected results just as focus shifts to the Federal Reserve decision due Wednesday. The Dow Jones Industrial Average gained 1.1%, or 368 points, ending the month with a gain of about 2%. The Nasdaq Composite closed 1.7% Continue Reading
