Concerns over the US economy weighed on stocks on Tuesday [26/09], after new home sales in August fell more than expected to the lowest level in 5 months. New home sales in the US in August fell -8.7% m/m to 675,000, weaker than expectations of 698,000. Meanwhile, the US Conference Board Consumer Confidence for September
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
© 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,
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and ‘disorderly’ price action
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
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