Market Analysis: NASDAQ & Producer Inflation

US inflation data confirms the recent spike in inflation may have passed its peak and is now declining. Producer inflation reads significantly lower. Producer inflation excluding food and energy products also falls to recent lows. US Producer Inflation falls to 2.2% and Core Producer Inflation to 2.3%. The NASDAQ renews its recent highs for a … Read more

FOMC Signals Future Rate Cuts, Maintains Hawkish Hold

The Federal Open Market Committee (FOMC) remains committed to future rate cuts, but not in the immediate future. In a widely anticipated move, the Fed kept the federal funds rate steady at 5.25% to 5.50% with a unanimous 12-0 vote. Fed Chair Jerome Powell’s cautious press conference reaffirmed the “high-for-longer” stance, emphasizing that while rate … Read more

NASDAQ Hits Record High Following Lower-than-Expected Inflation

US inflation fell to 3.3%, down from 3.4% and lower than most expectations. The NASDAQ trades 1.09% higher than the day’s open price and is now trading at an all-time high. The index has added 17.30% in 2024 so far. 88% of the NASDAQ components are trading higher after the latest inflation release as investors … Read more

Market News – Steady ahead of the Big Day!

Economic Indicators & Central Banks: Asian stocks edged up, driven by the technology sector, while the US Dollar remained firm ahead of the US inflation report and Fed policy decision. China’s CPI gains held above zero in May while factory-gate prices remained stuck in deflation, signalling ongoing weak demand. UK GDP stagnated in April. Monthly … Read more

Market News – Inflation reports dominates!

Economic Indicators & Central Banks: The selloff in Treasuries continued ahead of the FOMC decision tomorrow, though losses were moderate. Disappointment that the continued strength in the labor market will push back any easing until at least September at the earliest continued to weigh. Chinese stocks dropped after traders returned from a long weekend, weighed … Read more

Market News – Euro sank; Stocks Dip on EU political uncertainty

Economic Indicators & Central Banks: The Euro dropped sharply due to political uncertainty after French President Emmanuel Macron called a snap election, influenced by far-right gains in the European Union vote. Eurosceptic nationalists made the biggest gains in European Parliament elections on Sunday, an aggregated exit poll showed, although centre, liberal and socialist parties were … Read more

ECB closer look: All options open for the second half of the year!

ECB officials continue to dampen rate cut speculation, following on from Lagarde’s hawkish comments yesterday. Officials have been out in force this morning to continue stressing that the inflation outlook remains uncertain and that the central bank is not committing to a particular rate path for the rest of the year. The ECB cut rates … Read more

ECB Hawkish Cut, NVIDIA 1:10 Stock Split!

US Unemployment Claims rise to a 3-week high and read 9,000 higher than analysts’ expectations. The European Central Bank cuts interest rates for the first time in the current cycle. Christine Lagarde’s press conference says the cut was a hawkish rate cut meaning the ECB will not cut again unless data indicates a cut is … Read more

Ideal Economic Conditions Push The NASDAQ To New Highs!

Economists expect the European Central Bank to cut interest rates this afternoon. However, investors will be keen to hear how many cuts are likely in 2024 after strong wage growth. The NASDAQ climbs to a new all-time high while economic data indicates an earlier rate adjustment but not a recession. The NASDAQ rises more than … Read more