The upcoming U.S. Federal Reserve meeting is expected to shed light on the central bank’s stance towards interest rate cuts in 2024. Market participants will be closely watching Fed Chair Jerome Powell’s comments regarding potential policy easing later in the year. The Fed’s previous projection of three rate cuts seems uncertain now due to stronger-than-expected
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The recent rally in megacap growth stocks such as Alphabet and Microsoft has had a significant impact on the overall performance of the stock market. Following robust quarterly results from these technology heavyweights, investors have been buoyed by the positive news. Alphabet’s announcement of its first-ever dividend, coupled with a $70 billion stock buyback program,
The U.S. Treasury Department is set to reveal its refunding plans for the upcoming quarter, with expectations of keeping auction sizes stable after several quarters of increases. This news comes as a relief to investors who have been closely monitoring the rapidly rising U.S. debt and its impact on the market. While there may be
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Chinese electric car manufacturers Nio and Xpeng are making strategic moves to appeal to a broader customer base by introducing new brands that will cater to the lower-priced segment of the market. Nio, known for its premium electric vehicles priced at around $50,000 or more, is planning to release a more affordable SUV that will
After facing a decline from the 1.2900 zone, the British Pound is now attempting a recovery wave from the 1.2300 level. The pair fell below the 1.2600 support and even dropped below 1.2400 and the 50-day simple moving average. However, a low was established near 1.2299, leading to the current recovery wave. The upside movement
The Japanese Yen (JPY) is currently facing significant bearish pressure, trading at its weakest level in over three decades against the US Dollar. This downward trend comes after the Bank of Japan’s (BoJ) recent decision to leave monetary policy settings unchanged. The BoJ announced that it would maintain the key interest rate target range steady
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Deutsche Bank has recently reported a significant increase in its first-quarter profit, exceeding analyst expectations and leading to a surge in its share price to a six-year high. This positive news comes amidst a period of recovery for the German lender, particularly in its investment banking unit. Let’s delve into the details of this remarkable
A recent U.S. proposal to use the future interest on approximately $300 billion in frozen Russian assets to assist Ukraine, rather than seizing the assets outright, has been gaining traction among the Group of Seven (G7) nations, according to two G7 officials. The idea is to collateralize the interest earned on these assets, which could
The U.S. economic growth in the first quarter fell below the Federal Reserve’s estimates of the economy’s potential for the first time in nearly two years. The 1.6% rate of expansion registered in the first quarter met that mark after a period above the central bank’s median 1.8% estimate of noninflationary potential. This slowing growth
Investors are currently closely monitoring economic data releases this week to gauge their impact on Federal Reserve monetary policy decisions. The recent S&P Global Flash manufacturing PMI for the U.S. shows a four-month low of 49.9 for April, pointing towards sector contraction. Additionally, forecasts predict a 2.4% GDP growth and a 2.6% PCE inflation rate