Key points: Boeing Aims to Raise $10 Billion Boeing (BA) plans to raise at least $10 billion through the sale of new shares. This strategy aims to stabilize its finances after a period of instability. Shares rose nearly 1% in after-hours trading. Goldman Sachs Reports a 45% Increase in Profits Goldman Sachs (GS) announced a […]
U.S. Stock Markets Stabilize Ahead of Quarterly Earnings Results
U.S. stock index futures and equities stabilized on Tuesday, consolidating after a rally in technology stocks hit all-time highs on Wall Street during the previous session, ahead of major company earnings data. The major indexes posted solid gains on Monday, supported by strong performances in major technology shares, with market favorite Nvidia (NVDA) reaching an […]
Dollar Falls from Highs, Euro Under Pressure on Weak Inflation Data
The U.S. dollar fell from recent highs on Tuesday as weak regional inflation data weighed on the euro ahead of the European Central Bank (ECB) meeting. Dollar Falls from Highs In recent weeks, demand for the U.S. dollar has been boosted by employment and inflation data, which suggest a slower pace of rate cuts by […]
Outlook for the Week of October 14-18
Key points to watch out for: Is the ECB Rate Cut a Reality? After the RBNZ cut interest rates by 50 basis points last Wednesday, attention shifted to the ECB. Although Chair Lagarde and her colleagues initially did not support a rate cut for October, their stance began to shift following disappointing PMI data and […]
Navigating the Dow Jones: Insights into America’s Economic Indicator
The Dow Jones, also known as the Dow Jones Industrial Average (DJIA), is a stock market index that includes the 30 most relevant listed companies on the New York Stock Exchange and is positioned as one of the benchmark indicators of the U.S. market. In this article, we will discuss what it is, its composition, […]
Today’s Stocks to Watch: Alphabet, Boeing, and Rio Tinto
Key points: DOJ Considers Action Against Alphabet Alphabet (GOOGL) faces potential government intervention as the U.S. Department of Justice considers breaking up Google to end what it describes as an illegal monopoly in search. The move, which is detailed in a court document filed Tuesday, may also include restrictions on how the company operates its […]
U.S. Stock Markets Decline Ahead of Fed Minutes, Google Faces Potential Breakup
U.S. stock markets declined on Wednesday, reversing the previous session’s gains, as investors braced for further signals from the Federal Reserve regarding interest rate policy. The broad S&P 500 index dropped 1%, while the tech-heavy Nasdaq Composite fell by 1.4%, and the Dow Jones Industrial Average slipped about 0.3%. Stock Markets Slip as Investors Await […]
U.S. Dollar Strengthens as Key Economic Reports Loom
The U.S. dollar rose on Wednesday in anticipation of U.S. interest rate estimates, while the euro lost ground. The dollar has seen a surge in demand since last week’s strong Friday payrolls report led the market to largely dismiss the option of another 50 basis point cut for November in favor of a much more […]
Daily Technical Analysis EUR/USD: Indecision Dominates Trading
The EUR/USD pair held steady on Tuesday, unable to regain the 1.1000 level but pausing the recent Fibonacci retracement from the 1.1200 area. The euro, which had seen losses after hitting a one-year high in late September, is again falling toward the 1.0950 zone, as the dollar strengthened across the board. European data has been […]
Today’s Stocks to Watch: LVMH, Alibaba, and DocuSign
LVMH and Rémy Cointreau stocks hit by China’s tariffs on European brandy. Alibaba and other Chinese tech stocks fall on loss of momentum in the Chinese market. DocuSign joins the S&P MidCap 400, replacing MDU Resources Group. LVMH and Rémy Cointreau face new tariffs from China China announced new tariffs on brandy imports from the […]