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Tag Archives: Indices

Nasdaq index soars as tech stocks continue to rally 

Key points:  The Nasdaq composite index (Symbol: NAS100) surged on Friday, erasing earlier weekly losses and closing at a record high of 16,920.79. This marks a 1.3% increase for the week, driven by strong performance in tech shares. Standout earnings report from Nvidia (Symbol: NVIDIA) spurred investor interest in AI-related stocks, contributing to the rallyContinue Reading

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Week ahead: PCE data to play integral role in Fed rate decisions

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal Reserve rate cuts, creating greater caution in interest rate-sensitive sectors. Meanwhile, the Nasdaq is setContinue Reading

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Japan’s Nikkei records weekly loss as Fed outlook weighs

Key points: Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent inflation may delay Federal Reserve interest rate cuts. Picture: Nikkei in the slumps as seen on the VT Markets app. The Nikkei index dropped 1.17% to 38,646.11 by the close, afterContinue Reading

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Dollar rises as traders scale back US rate cut expectations

Key points: The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong U.S. economic data has left markets on edge about the outlook for U.S. inflation and interest rates. In May, U.S. business activity accelerated to its highest level in just over two years. Manufacturers reported surging input prices,Continue Reading

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US stocks pullback: Rising bond yields and hawkish Fed comments  

Key Points:  After some rally since the US inflation data announcement, the major US stock indexes experienced a turbulent session, ultimately closing in the red. The S&P 500 Index (Symbol: SP500) dropped by -0.21%, the Dow Jones Industrials Index (Symbol: DJ30) declined by -0.10%, and the Nasdaq 100 Index (Symbol: NAS100) fell by -0.21%.  Rally shortlived with Hawkish commentsContinue Reading

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Japan’s Nikkei falls on Wall Street weakness and BOJ uncertainty

Key points: Japan’s Nikkei share average snapped a three-day winning streak to close lower on Friday, influenced by Wall Street’s tepid overnight performance and uncertainties surrounding the Bank of Japan’s (BOJ) policy trajectory. The Nikkei slipped 0.34% to finish at 38,787.38, although it still gained 1.43% for the week. Picture: Japan’s Nikkei’s decline, as observedContinue Reading

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US stocks soar as Fed takes a soft landing 

Key Points:  Consumer prices slowed; market sentiment heightened  With US consumer prices slowing more than expected in April, investors now receive some relief from previous concerns about persistent inflation. This data suggests that the economy might achieve a “soft landing,” where inflation is tamed without a significant slowdown in growth.  With such newfound optimism, the USContinue Reading

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Nasdaq hits record high as Powell calms rate hike fears, eyes on upcoming CPI

Key points In Tuesday’s trading session, the Nasdaq Composite reached a new record high, climbing to 18356.6 on the VT Markets trading app. This rally came as investors reacted positively to Federal Reserve Chair Jerome Powell’s assurance that the central bank is not planning an imminent rate hike. This sentiment was bolstered by the producerContinue Reading

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Hong Kong stocks surge pending corporate performance and policy support

Key Points: Hong Kong stocks enjoyed their third consecutive session of gains on Monday, buoyed by investor optimism for forthcoming corporate earnings and potential governmental policy support. This optimism comes in the wake of new data revealing sluggish demand across China. Hang Seng sees strong upward market movement The Hang Seng Index increased by 151.38Continue Reading

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Positive UK economic data lifts FTSE 100

Key points The FTSE 100 is experiencing an upswing, buoyed by the UK’s latest GDP data which surpassed expectations, indicating a recovery from a recent recession. SEE: The FTSE CFD, UK100ft, experiencing an upswing on the VT Markets trading app. The UK’s GDP for the first quarter was reported at 0.6%, higher than the market’sContinue Reading

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