Energies
Monthly Archives: July 2023
The Dow Jones Achieved Its Seventh Consecutive Daily Increase
Written on July 19, 2023 at 11:08 am, by Designer
Market news summary Bank of America announced that it exceeded expectations in the second quarter with profits and revenues. The bank reported a 19% increase in profits to $7.41 billion, or 88 cents per share, compared to $6.25 billion, or 73 cents per share, a year ago. European indices closed higher at the end ofContinue Reading
Concerns about Global Demand Slowdown for Goods
Written on July 18, 2023 at 8:34 am, by Designer
market news summary Goldman Sachs has reduced the likelihood of a US economic recession over the next 12 months by about 5% to 20%. In a memo, Goldman stated, “Recent data has increased our confidence that reducing inflation to acceptable levels will not require a recession.” European indices ended the first session of the weekContinue Reading
STARTRADER Monday’s Market Update 17-07-2023
Written on July 17, 2023 at 12:19 pm, by Designer
The US dollar experienced a significant decline during last week’s currency market trading, primarily driven by inflation data concerning producer and consumer prices in the United States. This decline occurred despite positive results in unemployment benefits. Bank of America stated that high-risk assets, including stocks, are becoming more appealing as investors inject more liquidity intoContinue Reading
Profit-Taking Operations Push Oil Prices Down
Written on July 17, 2023 at 10:50 am, by Designer
market news summary European stocks recorded a slight decline at the close on Friday, but that did not prevent them from registering the largest weekly percentage gains in over three months amid hopes that the Federal Reserve’s inflation easing would soon allow it to stop raising interest rates. The STOXX 600 index of European stocksContinue Reading
The Federal Reserve May Pause Its Tightening Policy Once Again
Written on July 14, 2023 at 10:22 am, by Designer
market news summary According to Russian news agency TASS, Deputy Prime Minister Alexander Novak stated on Thursday that Russian companies will decide for themselves whether to decrease oil production or exports in August. However, Russia’s primary objective remains reducing global market supplies. Russia has announced a plan to reduce oil exports by 500,000 barrels perContinue Reading
STARTRADER and Trading.Live Successfully Host the 2023 Kuala Lumpur Financial Trading Seminar
Written on July 14, 2023 at 4:06 am, by shmarkets
News from Kuala Lumpur – STARTRADER and Trading.Live, prominent leaders in the trading market, recently organized a highly successful seminar in the city. The “TradingLive Trading Seminar” served as a platform for traders and investors from around the globe to gather and exchange insights on the dynamics of the financial market. The event saw the participation ofContinue Reading
The Dollar Index at $100 Signals a Downward Trend
Written on July 13, 2023 at 8:28 am, by Designer
market news summary China’s exports contracted more than expected in June, affected by a global demand slump, and increasing concerns about the world’s second-largest economy. Customs data showed that the value of Chinese exports in dollars fell by 12.4% in June compared to the previous year, and imports decreased by 6.8% in June from theContinue Reading
STARTRADER Market Recap | 12-July-2023
Written on July 12, 2023 at 11:34 am, by Designer
Today, markets are eagerly anticipating the release of US inflation data. Analysts’ expectations indicate that inflation in the United States slowed down in June to around 3.1%, compared to 4% in May. Additionally, the Producer Price Index report is expected to be released tomorrow on Thursday. Furthermore, the results from JPMorgan and other major banksContinue Reading
The Dollar Continues to Decline While Oil Stabilizes
Written on July 12, 2023 at 8:49 am, by Designer
Market News Summary The Managing Director of the International Monetary Fund, Kristalina Georgieva, stated that the global economy will grow at an annual rate of 3% over the next five years. The IMF had reduced its projections for global economic growth in 2023 and 2024 by about 0.1% in April compared to its January estimates.Continue Reading
