Energies
Monthly Archives: March 2023
Markets Await More Data Next Friday
Written on March 9, 2023 at 9:13 am, by Designer
market news summary US Federal Council Chairman Jerome Powell said that officials have not yet decided on the amount of interest rate hike they will take at their next monetary policy meeting. “We haven’t made any decision about the March meeting, and we won’t until we see the additional data” that will be released betweenContinue Reading
The Dollar Dominates after Powell’s Remarks
Written on March 8, 2023 at 8:14 am, by Designer
market news summary Powell stated that the Fed would not consider changing its 2% inflation target and that the labor market does not indicate an approaching deflation. After the remarks, investors dramatically raised their bets on a 50 basis point rate hike in March, with money market futures pricing in more than a 65% chanceContinue Reading
Markets Await Powell’s Testimony
Written on March 7, 2023 at 9:32 am, by Designer
MARKET NEWS SUMMARY European stocks ended the trading session on Monday, March 6, on a mixed note, amid a follow-up to economic data. At the end of the session, the STOXX600 index settled, recording 464 points, with a decline in shares of mining companies by 2.6%. The British FTSE declined by 0.2%, recording 7929 points,Continue Reading
The Fed Confirms They Will Continue to Raise Interest Rates
Written on March 6, 2023 at 7:34 am, by Designer
MARKET NEWS SUMMARY European stocks rose at the close of trading on Friday, March 3rd, recording a weekly gain of 1.4% amid a follow-up to economic data. At the end of the session, the STOXX600 index rose by 0.9% to 464 points, while the British FTSE rose by less than 0.1% to 7947 points. OnContinue Reading
Uncertainty Moves the Markets
Written on March 3, 2023 at 8:02 am, by Designer
MARKET NEWS SUMMARY On Thursday, March 2nd, Data from the Turkish Ministry of Trade showed that the foreign trade deficit amounted to 12.9 billion dollars in February, with an annual increase of 52.8%. This highlights the impact of the earthquakes that occurred last month on the trade balance. The data showed that exports fell 6.4%Continue Reading
The Dollar May Start to Take Over
Written on March 2, 2023 at 9:18 am, by Designer
MARKET NEWS SUMMARY Novavax shares fell more than 25% in Wednesday session, its lowest close in nearly two years. These pressures on the stock come after the Corona vaccine developer raised doubts about its ability to continue to work and announced plans to cut spending while preparing for the fall vaccination campaign. Bank of AmericaContinue Reading
Oil is Rising Again and Gold is Making Gains
Written on March 1, 2023 at 10:23 am, by Designer
MARKET NEWS SUMMARY Bank of America’s global research unit warned that the Fed could raise interest rates to nearly 6%. Goldman Sachs President David Solomon warned that the Fed’s fight against inflation is far from over because the US job market still looks resilient. US indices ended daily and monthly lower as investors continued toContinue Reading
