Major US stock indices higher after yesterday’s sharp declines

The major US stock indices are rebounding from yesterday’s sharp declines which saw the NASDAQ fall -1.57%, and the S&P index fall -1.47%. A snapshot of the market 6 minutes into the open is showing: Dow industrial average +15.49 points or 0.05% at 33634.38 S&P index up 12.28 points or 0.29% at 4285.82 NASDAQ index

Russia’s yuan adoption may erode dollar dominance, EBRD suggests By Investing.com

© Reuters. In the wake of the ongoing Ukraine war and subsequent sanctions, Russia’s adoption of the could potentially undermine long-term dollar dominance, according to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD). This shift is primarily attributed to the diversification of invoicing currencies. The statement was made on Wednesday,

FTSE 100, DAX and S&P 500 Try to Stabilize After Rout

Written by Axel Rudolph, Senior Market Analyst at IG Recommended by IG Get Your Free Equities Forecast FTSE 100 stabilizes after slip The FTSE 100, having on Monday slipped through its 200-day simple moving average (SMA) at 7,649 on the back of global risk-off sentiment, now stabilizes above this week’s low at 7,581 as the

Market Update – September 27 – Temporary Optimism?

Chinese indexes stabilised after a 2-day decline amid fresh optimism that official measures will be able to boost the recovery. Industrial profits improved for the first time in a year and the People’s Bank of China said it would step up policy adjustment and implement monetary policy in a “precise and forceful” manner to support

Dollar keeps steadier so far on the session

Even as equities are finding a bit of a reprieve, currency traders are not really buying it. 10-year Treasury yields are down 2.7 bps on the day to 4.509% now and that is helping to give stocks a light breather. If anything, it could prove temporary and I reckon that is what is helping to