The U.S. dollar ticked higher on Wednesday, regaining stability after sharp losses last week as traders turned their focus to critical inflation figures that could set the tone for the Federal Reserve’s next policy move. At 04:45 ET (08:45 GMT), the Dollar Index, which measures the greenback against six major peers, rose 0.1% to 97.820 […]
European equities advanced on Wednesday, supported by overnight gains on Wall Street and growing investor focus on global inflation trends. By mid-morning trading, Germany’s DAX was up 0.5%, France’s CAC 40 gained 0.4%, and the U.K.’s FTSE 100 added 0.2%. The move higher followed record-setting closes across all three major U.S. indices on Tuesday, reflecting […]
Asian equities advanced on Wednesday, tracking Wall Street’s record-setting performance. South Korea’s KOSPI climbed 1.5%, fueled by strong gains in heavyweight chipmakers Samsung Electronics and SK Hynix, which rose 1.5% and 5% respectively. Hong Kong’s Hang Seng Index added up to 1.2%, touching a four-year peak, while the Hang Seng TECH sub-index jumped nearly 2%, […]
Key Points to Watch Out For: Nvidia (NVDA): Results due after the close The AI chip leader, currently the world’s most valuable company, is set to report earnings after market close. Shares posted modest gains in premarket trading, while other semiconductor stocks such as AMD and Intel also advanced. Cracker Barrel Old Country Store (CBRL): […]
U.S. stock index futures posted slight gains on Wednesday as investors awaited quarterly results from AI bellwether Nvidia. At 06:00 ET (10:00 GMT), Dow Jones Futures rose 27 points, or 0.1%, S&P 500 Futures gained 5 points, or 0.1%, and Nasdaq 100 Futures added 6 points, or 0.1%. Major indices closed higher on Tuesday, supported […]
The U.S. dollar strengthened on Wednesday, though gains were capped by renewed worries over Federal Reserve independence following President Donald Trump’s bid to oust Governor Lisa Cook. At 05:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against six major currencies, traded 0.4% higher at 98.487, rebounding from early-week losses. Fed independence questioned […]
Wall Street recovered on Tuesday after a sharp overnight drop sparked by former President Donald Trump’s announcement of Federal Reserve Governor Lisa Cook’s dismissal. Posted on social media late Monday, the move reignited concerns over the Fed’s independence from the executive branch and sent a jolt through global markets. At the open, U.S. stocks hovered […]
Lisa Cook, appointed by President Biden and the first Black woman to serve on the Federal Reserve Board, has become the first sitting governor in modern history to be removed by a president. Trump Invokes Rare Removal Statute President Donald Trump invoked a seldom-used statute permitting removal “for cause,” citing allegations of mortgage fraud as […]
Key Points to Watch Out For: Interactive Brokers (IBKR): S&P 500 inclusion The online brokerage saw its stock rise about 4% in premarket trading after confirmation of its addition to the S&P 500. Meanwhile, Robinhood was excluded from the index and slipped back. The announcement came before the market opened. Société Générale (GLE): French political […]
U.S. stock index futures slipped on Tuesday following President Donald Trump’s abrupt dismissal of Federal Reserve Governor Lisa Cook, fueling concerns over the central bank’s independence. At 05:55 ET (09:55 GMT), Dow Jones Futures declined 70 points, or 0.2%, S&P 500 Futures lost 6 points, or 0.1%, and Nasdaq 100 Futures eased 19 points, or […]
