Daily Market Review

Daily Market Review August 31

The United-States may reach full employment and is very close to achieve this target as pointed out by Fed deputy chairperson, Stanley Fischer. No wonder why all eyes are currently glued on the US dollar and the expected readings of the nonfarm payrolls. However, no timing for an eventual raise in interest rates was clearly […]

Daily Market Review August 30

Asian shares surged on Tuesday amidst ambiguity on whether the Federal Reserve would increase interest rates as early as September or not. The dollar remained restrained with investors gauging the different policy stimulus across the world. By the side of Asia, the MSCI index rose by 0.5 %, stocks in South Korea rose by 0.7 […]

Daily Market Review August 26

A nice trend was noted for U.S. manufactured capital goods yesterday as it rose for a second straight month in July. Data obtained depicted that the upswing for durable goods was a result of a demand for civilian aircraft orders. Durable goods orders ticked up by 1.6 percent from readings of June, while all eyes […]

Daily Market Review August 25

There is an 18 percent chance that the Fed will announce a probable hike in interest rates in next month’s policy meeting. This explains the tumultuous market ahead of Fed chairperson Janet Yellen’s speech tomorrow after the U.S. GDP data release. Also, the US dollar was seen rising slightly higher against a basket of major […]

Daily Market Review August 24

Gains in the mining and financial sectors pushed European stocks to trade higher on Tuesday. Bullish economic indicators also helped indices to edge higher while a close eye was kept on Stoxx Europe 600, which rose by 0.9 percent, displaying its biggest gain since August 5 this year. Among top stock performers, were BHP Billiton […]