The Asian Pacific stocks are tuning into the trading week on a high note as U.S. investors jam out to the recent slowdown in American job growth, interpreting it as a signal that interest rates might’ve hit their highest note. At 10:15 am AEDT (11:00 pm GMT),...
Wall Street Parties as Fed Hints at ‘Rate Hike’ Farewell, Stocks Do the Cha-Cha with Earnings’ Beat The Wall Street spectacle turned into a financial fiesta as the three main stock indexes did the salsa, rallying nearly 2% on Thursday. Cheers echoed...
Oil prices bounce back from a one-month low amidst doubts over rate hikes, denting the dollar’s strength The recent jump in oil prices from a one-month low can be attributed to several factors. Weak U.S. economic readings and comments from the Federal Reserve...
US Crude Stockpiles Rise While Fuel Inventories Do a Sleight of Hand According to the latest revelations from the American Petroleum Institute (API), US crude stockpiles might have sauntered up by as much as 1.3 million barrels last week. It seems that not only did...
Stock Market’s Standoff Might Finally Crack, Forecaster Tom Lee Predicts According to the bullish Wall Street prophet, Tom Lee of Fundstrat, the stock market might stage a triumphant comeback this week, breaking free from months of turbulence. Lee points to key...
S&P 500 and Nasdaq Take a ‘Swan Dive’, Tech Wizards Cast Spells, Other Sectors in a Dizzy Dance! The S&P 500 and Nasdaq Composite indices took a nosedive, landing themselves squarely in “correction” territory, marking a swan dive of...
