TAG: Stock market
DAX and FTSE outperform amid US inflation concerns, European manufacturing rebounds
While US equity markets limped into the weekend on concerns over hotter-than-expected inflation data, the German and UK stock markets ended the week on a solid note. Despite a lack of AI names, the DAX has followed US equity markets to new highs in 2024,...
7 months ago
As the UK's inflation rate declines, European stock markets rise
(AI Video Summary) UK's inflation rate During a recent IT call, it was reported that the UK's inflation rate, known as the Consumer Price Index (CPI), was slightly weaker than expected. This news had a small impact on European stock markets, causing them...
7 months ago
Is now the right time to ‘buy the dip’ in stock markets?
Is the stock market correction coming to an end? Heightened tensions in the Middle East and pared back rate cut expectations amid worries of sticky inflation provoked a 4.5% to 5.5% drop in most European and US stock markets from their record highs. ...
5 months ago
Beat the street: Chips; Fed speakers on deck; Netflix awaited; Iron ore
IG’s Shaun Murison returns with an iron ore trade that has been confirmed. Netflix is likely to make waves with its earnings after the close, but can it wow investors and keep its shares heading north? (AI Video Summary) US stock market updates In thi...
5 months ago
Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce....
5 months ago
Trade of the week: long DAX 40
(AI Video Summary) Previous Dow Jones trading outcome This week's "Trade of the week" financial insight focuses on strategic movements in the stock market as of 29 April, 2024. The highlight is on advising investors holding positions in the Dow Jones, wit...
5 months ago
Wall Street: US equity markets leap on Fed rate cut hopes after jobs data surprise
US equity markets surged higher on Friday night to conclude a volatile week in positive territory, after a weaker-than-expected jobs report led the interest rate market to price in a second 25 basis point (bp) Fed rate cut before year-end. For the week, t...
5 months ago
S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings
The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft’s Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion....
2 months ago
Govt may raise STCG above 20% in future: Official
The government may consider further raising the short-term capital gain (STCG) tax rates in the coming years, a senior government official has said.The official said the gains from short-term trading, referred largely to shares or mutual fund units held f...
2 months ago
Finance Ministry denies report on short-term capital gains tax hike
The finance ministry has denied any plans to increase short-term capital gains (STCG) tax in response to a Moneycontrol report that said the government may consider raising the tax rate in the coming years, citing a senior official.In a statement, the min...
2 months ago
Global stock market rout: why are stocks falling, and is there more to come?
What is happening in stock markets? Global stock markets slumped, with Japan's Nikkei 225 plummeting 12.40%, its largest single-day drop since 1987. European markets opened lower, with major indices falling between 1.7% and 2.8%, while US NASDAQ 100...
2 months ago
Stock markets rebound from their lows – what happened and what comes next?
The week that shook markets In a dramatic turn of events, global financial markets experienced a whirlwind of volatility this week, leaving investors and analysts scrambling to make sense of the rapid shifts. The turbulence began late last week when w...
2 months ago
FTSE 100, S&P 500 and Nikkei 225 push higher
FTSE 100 moves higher The FTSE 100 index closed above the 50-day simple moving average (SMA) once more yesterday, as it claws back the losses of late July and early August. The bounce from the 8000 level is intact, and further gains target the 8300...
2 months ago
Asia Day Ahead: Nikkei facing test at 100-day MA, STI hanging at month-to-date high
Asia Open The Asian session looks set for a weaker start in today’s session, with Nikkei -0.65%, ASX -0.47% and KOSPI -0.81% at the time of writing. The gruelling wait for Nvidia’s results is over and with sky-high expectations baked into its valuation, i...
1 month ago