Energies
Monthly Archives: May 2023
Oil Is Below $70 Levels
Written on May 31, 2023 at 7:11 am, by Designer
market news summary Nvidia’s stock rose by about 3% yesterday, Tuesday, marking a new record closing after rising for the third consecutive session. The company’s market value briefly reached a trillion dollars during the session when the stock traded above $404.86 levels. However, it failed to stay at those levels, and the market value closedContinue Reading
The Dollar Surges and Reaches Levels Of 104.40
Written on May 30, 2023 at 8:30 am, by Designer
Market news summary European stocks ended yesterday’s session on Monday, May 29, with a slight decline, amid President Biden and Republicans reaching an agreement on the debt ceiling. At the end of the session, the STOXX600 index fell by about 0.1% to 460 points, while the German DAX decreased by 0.2% to 15,952 points, andContinue Reading
STARTRADER Monday’s Market Update 29-05-2023
Written on May 29, 2023 at 8:26 am, by Designer
The US indices opened today with upward price gaps after President Joe Biden and Republican House Speaker Kevin McCarthy reached a preliminary agreement on raising the debt ceiling. The agreement includes cuts to certain aspects of federal spending. Investors are still closely monitoring the US negotiations regarding the deal, which is progressing but in aContinue Reading
Initial Agreement Reached on the US Debt Ceiling
Written on May 29, 2023 at 8:11 am, by Designer
Market News Summary European stocks rose at the end of Friday’s trading session, driven by renewed optimism regarding the negotiations on the US debt ceiling. However, the European market recorded weekly losses, and the Stoxx 600 index for Europe closed 1.2% higher after dropping to its lowest level since early April during three negative sessions.Continue Reading
June May Mark the Beginning of an Economic Recession in America
Written on May 26, 2023 at 1:33 pm, by Designer
The US may face an economic recession starting in June if Congress fails to increase the debt limit. The US Treasury Secretary expressed concerns about the consequences, including severe suffering for families, harm to global leadership, and questions about national security. A week of default could result in a million job losses and financial sectorContinue Reading
The Dollar Index Returns to Levels of 104
Written on May 26, 2023 at 8:20 am, by Designer
market news summary European stock indices ended Thursday’s session with a decline as ongoing negotiations over the US debt ceiling continued to have a negative impact on the markets. After a volatile day, the Stoxx 600 index ended the session down by about 0.24%. However, technology stocks defied the trend and closed higher by 1.8%Continue Reading
The Nasdaq Index Shines as Other Indices Decline
Written on May 25, 2023 at 9:56 am, by Designer
market news summary A new wave of selling pushed European stocks to record their largest daily loss in two months on Wednesday. The sentiment was negatively affected by the lack of progress in negotiations to raise the US debt ceiling and a jump in core inflation in Britain. Luxury goods companies experienced further losses, andContinue Reading
STARTRADER Market Recap | 24-May-2023
Written on May 25, 2023 at 7:29 am, by Designer
Another round of debt ceiling talks in the US ended without an agreement, putting pressure on the markets. As a result, gold rose yesterday and has been trading within a narrow range this week between $1955 and $1982 an ounce, following a horizontal trend. Investors are now eagerly awaiting the release of FOMC Meeting Minutes,Continue Reading
