About: anakin
Recent Posts by anakin
US retail sales figures lower than expected
U.S. equities traded lower throughout Wednesday’s trading. The Dow Jones Industrial Average lost 1.81% to close at 33296.96. The S&P 500 dropped 1.56% to close at 3928.86. The tech-heavy Nasdaq Composite slipped 1.24% to close at 10957.01. Equities markets were spooked by the weaker-than-expected U.S. retail sales figures, which came in at -1.1%. Weaker consumer Continue Reading
Markets await the Bank of Japan Monetary Policy Statement
U.S. equities were mixed over the course of yesterday’s trading. The Dow Jones Industrial Average lost 1.14% to close at 33910.85. The S&P 500 dropped 0.2% to close at 3990.97. The tech-heavy Nasdaq Composite gained 0.14% to close at 11095.11. Equities were mixed heading into Thursday as market participants awaits monetary policy statement releases from Continue Reading
Inflation-related reports indicate price pressures easing
U.S. equities traded higher on the first trading day of the week. The Dow Jones Industrial Average rose 0.33% to close at 34302.61. The S&P 500 gained 0.4% to close at 3999.09. The tech-heavy Nasdaq composite climbed 0.71% to close at 11079.16. Numerous inflation-related reports, which all point to easing price pressures, have buoyed equity Continue Reading
US inflation slows down, Fed to keep raising the interest rate
U.S. equities continued to climb on the last trading day of the week. All 3 major indices closed the week out in positive territory amid easing concerns over inflation. The Dow Jones Industrial Average rose 0.33% to close at 34302.61. The S&P 500 gained 0.4% to close at 3999.09. The tech-heavy Nasdaq Composite climbed 0.71% Continue Reading
Week ahead: All eyes on US PPI and Retail Sales data, BOJ Monetary Policy Statement
The market will focus on US Producer Price Index (PPI) and Retail Sales data after last week’s US Consumer Price Index (CPI) came out as forecasted. Meanwhile, the Bank of Japan (BoJ) will be making its Monetary Policy Statement on 18 January. The BOJ is widely expected to keep interest rates in the negative territory. Continue Reading
