Equities fell overnight as Federal Reserve chairman Jerome Powell played the “Grinch” as he signaled that monetary policy wasn’t at levels yet that were sufficiently restrictive to rein in inflation to target, denting investor hopes of a Christmas rally
Equities took a breather Wednesday, a day after notching their longest winning streak in two years as investors continued to digest quarterly earnings and remarks from Federal Reserve officials.
Equities with the S&P 500 and Nasdaq notching their longest streak of gains in two years, as a retreat in U.S. Treasury yields buoyed megacap growth stocks.
Equities finished relatively unchanged overnight, taking a breather from a weeklong rally not seen in 12 months
Equities wrapped up the week with its biggest weekly gain this year as a weaker-than-expected jobs report stoked hopes that Federal Reserve rate hikes are now in the rearview mirror, pushing Treasury yields sharply lower.
Jerome Powell’s words echo across global markets, with ASX sectors reacting to potential future rate adjustments.
After much higher than expected sales results, we recommend a trim of 1% (one quarter) of the holding
Stocks were in a rally mode Thursday, buoyed by a slump in Treasury yields on bets that the Federal Reserve is done raising interest rates after holding its benchmark rate steady for the second meeting in a row.
Equities ended higher overnight following a slump in Treasury yields after the Federal Reserve kept rates steady for second-straight meeting.
Recent earnings results from Canadian uranium-fuel giant, Cameco saw a significant increase in nuclear energy demand and a potential supply gap in the immediate future. This demand is driven by global calls for clean, secure, and affordable energy with Nuclear being the stop-gap solution for base load electricity until new energy technologies become more commercial
Equities ground higher overnight, led by big tech, ahead of the earnings from Apple later this week, and the Federal Reserve’s interest rate decision due Wednesday.
Equities bounced overnight, led by big tech, ahead of the earnings from Apple later this week, and the Federal Reserve’s interest rate decision due Wednesday.