Where will the SP500 find a bottom?
The S&P 500 has recently experienced significant volatility, prompting investors to question where the index might find its bottom. Historically, the 200-week moving average has served as a critical support level during market downturns. In previous corrections, such as those in 2011, 2016, 2018, and 2022, the S&P 500 found support near this average, suggesting […]
Stock slump deepens across Europe post-FOMC
European stock markets extended their losses as investors reacted to the Federal Reserve’s latest policy stance, which underscored persistent inflationary pressures and the likelihood of elevated interest rates well into 2024. The Stoxx 600 index dropped nearly 1%, with banks and industrials leading the decline. Major indices in Germany, France, and the UK also suffered […]
Equities report: Fed decision and inflation data to wrap up 2024
U.S. equities are set to close out 2024 with heightened volatility as markets await key signals from the Federal Reserve’s final policy meeting and November inflation data. Investors remain on edge, with expectations split between a possible rate hold or a surprise hike, as inflation pressures persist despite slowing economic growth. Fed Chair Jerome Powell […]
Nvidia stock cascades below $130 despite 5G partnership with Verizon
Nvidia’s stock nosedived below $130, shedding nearly 6% in Tuesday’s session, as investors shrugged off the announcement of a promising 5G partnership with Verizon. The tech giant’s collaboration with Verizon aims to enhance its edge computing solutions, leveraging Nvidia’s AI-driven technologies to accelerate 5G network efficiency. However, market sentiment remained bearish, with concerns over the […]
US stocks rise but Europe falters
US stocks climbed on Tuesday, buoyed by optimism in tech and energy sectors, even as European markets faced headwinds. The S&P 500 rose 0.8%, while the Nasdaq gained 1.1%, driven by strong performances from major tech companies. Energy stocks also advanced as crude oil prices edged higher, reflecting broader confidence in the U.S. economy’s resilience. […]
Oil: The final test of the year
WTI crude oil prices fell 0.7%, teetering near the critical $70 per barrel mark, as markets remain under pressure despite OPEC+’s intervention. The cartel opted to delay its planned production increases, extending voluntary cuts into the next quarter in a bid to stabilize prices. The decision, widely anticipated by analysts, reflects ongoing concerns about oversupply […]
The golden cycle: Insights into Gold’s long-term trends and near-term potential
Gold, a cornerstone of global markets, remains a reliable barometer of economic uncertainty. Recent price movements suggest a mix of investor confidence and caution, with long-term trends driven by central bank buying and geopolitical shifts. Meanwhile, short-term fluctuations are influenced by shifting interest rates and inflation expectations, as central banks grapple with economic slowdowns. Demand […]
Asian Stocks Drop Ahead of Next Week’s Fed Meeting: Markets Wrap
Asian markets experienced broad declines, with investors adopting a cautious stance ahead of next week’s Federal Reserve meeting. Japan’s Nikkei 225 shed over 1%, while South Korea’s Kospi and Hong Kong’s Hang Seng Index also posted significant losses. Concerns over persistent inflation and its potential impact on the Fed’s rate policy kept sentiment subdued. Trading […]
Oil outlook: OPEC reduces demand expectations once again
OPEC has lowered its global oil demand forecast for the third consecutive time this year, citing slower-than-expected economic growth in key markets. The cartel’s monthly report highlights challenges stemming from persistent inflation and rising interest rates, which are dampening consumption. This revision reflects growing caution among producers about the balance of supply and demand in […]
Oil market set to be in surplus despite OPEC+ action
The global oil market is expected to be in surplus, even as OPEC+ takes action to balance supply and demand. Analysts suggest that the group’s production cuts may not be sufficient to offset the rising output from non-OPEC producers. Despite OPEC+’s efforts to stabilize prices, increased production from countries like the United States and Brazil […]
