Energies
Monthly Archives: July 2023
STARTRADER Monday’s Market Update 31-07-2023
Written on July 31, 2023 at 1:55 pm, by Designer
Christine Lagarde, the President of the European Central Bank, has expressed strong optimism about the recently released Gross Domestic Product (GDP) figures for the second quarter in France, Spain, and Germany. These figures have been highly encouraging, providing positive signs for the economic outlook in the region. As anticipated by the ECB, the bank decidedContinue Reading
Oil Stabilizes at a High Level Amid Demand Recovery and Supply Cuts
Written on July 31, 2023 at 10:11 am, by Designer
market news summary Christine Lagarde, the President of the European Central Bank, finds the recently published Gross Domestic Product (GDP) data from certain eurozone member states highly encouraging. According to her, the latest data firmly underpins their expectations of a 0.9% growth in the eurozone’s GDP for the current year. The Japanese currency experienced itsContinue Reading
The Dollar Rose, Supported by the Growth of the US Economy
Written on July 28, 2023 at 7:46 am, by Designer
market news summary Meta Platforms’ stock (the company behind Facebook) surged by 9% during trading on Thursday, July 27, adding $69 billion to its market value after announcing strong earnings in the second quarter. European stock indices also rose at the end of trading on Thursday, July 27, following the central bank’s decision on monetaryContinue Reading
The Federal Reserve Raises Interest Rates to The Highest Level in Over 22 Years
Written on July 27, 2023 at 10:20 am, by Designer
market news summary The Federal Reserve has raised interest rates to the highest level in over 22 years. The decision was announced by the U.S. Federal Reserve, and it comes as no surprise as it was widely expected by the markets. The Federal Open Market Committee raised the interest rate by 25 basis points, bringingContinue Reading
Oil Prices Rise High, and Gold Stabilizes Above 1960
Written on July 26, 2023 at 12:56 pm, by Designer
Market News Summary Microsoft revealed its financial results for the second quarter yesterday, Tuesday, July 25th, which surpassed expectations. The earnings per share were $2.69, higher than the expected $2.55. Nvidia’s stocks experienced tremendous growth during the year 2023, almost doubling in value. This surge was driven by the increased demand for the artificial intelligenceContinue Reading
STARTRADER Market Recap | 26-July-2023
Written on July 26, 2023 at 12:46 pm, by Designer
Consumer confidence reached its highest level in two years in July, according to a recent survey. Despite concerns about a possible recession, there is continued optimism regarding the job market. However, the focus is now shifting to major central bank meetings scheduled for this week. Today, Wednesday, the Federal Reserve will announce its monetary policyContinue Reading
European Markets Respond to Political Uncertainty
Written on July 25, 2023 at 7:20 am, by Designer
market news summary European indicators stabilized at the close of yesterday’s session, Monday, July 24, after digesting the results of the general elections in Spain, which were inconclusive. The STOXX600 index ended the session at 465 points, while the German DAX remained stable at 16190 points. The FTSE British index rose by 0.19%, reaching 7678Continue Reading
Tesla Lost $90B in 1 Day and Markets Await the US Interest Rate Decision
Written on July 24, 2023 at 12:33 pm, by Designer
market news summary On Thursday, Tesla’s stock recorded its biggest daily loss in three months, losing $90 billion in market value. According to experts, based on the stock price of $290, it is still overvalued by about 1000%. European stocks rose on Friday, ending the week on a high note. However, German stocks closed lowerContinue Reading
Gold At 1986 Again on US Dollar Weakness, Possible Interest Rate Hike Halt
Written on July 20, 2023 at 12:37 pm, by Designer
market news summary Tesla announced its quarterly results for the second quarter of 2023, reporting revenues of approximately $25.93 billion compared to the expected revenues of around $24.47 billion. European stocks closed higher on the previous Wednesday, supported by gains in British stocks after inflation in the United Kingdom slowed faster than expected. This bolsteredContinue Reading
