Market Review | July 9, 2024
As an investor, you essentially have two main options for growing your money. The first one is a no-brainer. It is low-risk cash savings, typically in a bank account. The method is safe but slow, as banks' interest rates are notoriously low. You can also put your money in stocks. Stocks are riskier but come with higher potential rewards. Some stocks also pay dividends.
Dollars Markets Announces Rebranding with New Logo and Enhanced Brand IdentityDollars Markets, a leader in the forex trading industry, is excited to announce its rebranding initiative. This transforma
Last Friday (July 5th), the US non farm payroll report further highlighted the cooling of the labor market, enhancing the expectation of the Federal Reserve cutting interest rates in the coming months.
The summer of 2024 will see Paris transform into a global focal point as it hosts the grand celebration of the Olympic Games. To ensure you experience this monumental event firsthand, CWG Markets has
This week's key economic events include NFIB Small Business Optimism, Core CPI, CPI, Initial Jobless Claims, PPI, and Michigan Consumer Sentiment for the USA. Japan's key events are the Current Account, PPI, and Core Machinery Orders. For the Eurozone, focus on ZEW Economic Sentiment and Industrial Production data. The UK will release GDP and Manufacturing Production data. These events will influence currency movements and market sentiment based on economic performance and inflation data.
Despite the numerous challenges facing the current market, proactive measures and forward-looking strategic planning could enable the shipping industry to discover new growth opportunities amidst volatility, providing robust support for global trade facilitation. With gradual market adjustments and concerted efforts from all parties, there is reason to cautiously optimistic about the future of the shipping industry.
This analysis covers recent global developments impacting markets and political landscapes. Key topics include France's political turmoil, Modi's visit to Russia, Biden's re-election concerns, the rise of algorithmic trading, Japanese bond market changes, significant corporate mergers, workforce reductions, and geopolitical agreements. Other highlights include Apple's product updates, Fed policies, Hong Kong dollar trends, Zimbabwe's economic stabilization, India's employment challenges, and the
This analysis covers recent global developments impacting markets and political landscapes. Key topics include France's political turmoil, Modi's visit to Russia, Biden's re-election concerns, the rise of algorithmic trading, Japanese bond market changes, significant corporate mergers, workforce reductions, and geopolitical agreements. Other highlights include Apple's product updates, Fed policies, Hong Kong dollar trends, Zimbabwe's economic stabilization, India's employment challenges, and the
With earnings growth showing signs of cooling, anticipation mounts for a potential shift in the Federal Reserve's current tightening stance dollar's strength eases
Market Review | July 8, 2024
Market Review | July 8, 2024
We are pleased to announce that STARTRADER MyAccount is scheduled for system upgrade starting at 00:00 platform time (GMT+3) on July 6, 2024, and will be completed within the same day.
Trading Hours Adjustment of Cryptocurrency Products
The FOMC minutes highlighted financial strains on low-to-moderate-income households, the Fed's data-dependent approach, and the impact of geopolitical risks. Discussions included immigration's positive impact on the labor force and modest progress toward disinflation. Potential rate cuts were mentioned if the job market deteriorates significantly. This cautious outlook emphasizes balancing inflation control and economic support.
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Although the market has responded positively to the prospect of Trump's possible re-election, and the Japanese stock market has shown an upward trend as a result, investors should also remain cautious and pay attention to the long-term impact of the election results on global economic policies and market sentiment. As strategist Tomo Kinoshita pointed out, while short-term market dynamics may be closely related to the election results, ultimately, the fundamentals of companies, economic data, an
On Thursday (July 4th), the US dollar index continued to fall towards the 105 level, ultimately closing 0.179% lower at 105.06, a new low since mid June.
In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range of 1-3% by the end of 2024. The latest UK GDP data (MoM) for April 2024 showed that the economy remained flat at 0.0%, following a 0.4% increase in March 2024. This stagnation is attributed to declines in industrial output and...