Over the last week’s trading sessions, US stocks are showing a good uptick. Analysts think that the drop in the flow of negative news has helped the market to revive its lost grounds.
The UK said it would phase out Russian oil imports by the end of the year.
With the Norwegian camp getting back into production, the forecast drop in about half of the nation’s daily energy production can be averted.
While the US stock market is bracing for a recession, several market experts are expecting this to be a mild one.
As oil prices tumbled yesterday, the US oil benchmark West Texas Intermediate (WTI) crude was at 8.24% or $8.93, less at $99.50 per barrel.
The Eurozone’s inflation data came in at 8.6% in June, a figure that has prompted the European Central Bank (ECB) to give advance notice to market stakeholders of its intentions to hike interest rates.
Amid talks of a recession and contracting markets, economists expect the upcoming jobs report will show an additional 250,000.
BlockFi and FTX US share common client protection goals and are delighted to work together.
The S&P 500 and the US equity market have had a brutal first half of 2022. With inflation fears sticking around, the market could likely continue to stay in selling pressure going ahead.
Bitcoin (BTC), the cryptocurrency industry’s premier digital asset has slipped below its major support level and is currently trading below $20,000.
The US stock futures decline in early trading hours. Market sentiment turns negative along with consumer confidence. Here’s what analysts think is the extent to which S&P 500 can correct further.
Consumer confidence in the economy sees a sharp fall, leading to a broader market correction on Tuesday. Market loses steam as there’s no catalyst to support the recovery.
European stocks saw a two-week high on Monday due to the ease of COVID-19 restrictions in China.
After a week of recovery, the US stock market continues to remain tepid with no clear catalyst to carry the rally forward.
The US stock indices jump in early morning trade as the market prepares for a near-term lift before the quarter closing.