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Monthly Archives: July 2022
Eurozone PPI below market predictions continues to justify ECB rate hikes; FOMC minutes and Nonfarm Payrolls report in focus
Written on July 5, 2022 at 1:03 am, by anakin
US equity market remained closed yesterday due to the US Independence Day holiday, but the cautious mood ahead of this week’s Monetary Policy Meeting Minutes from the Fed and the European Central Bank has exerted bearish pressure on investors’ sentiment. The futures for the US equity index and European bonds fell as investors worried thatContinue Reading
US Indices climbed on Friday despite a stronger US dollar on recession fears
Written on July 4, 2022 at 12:30 am, by anakin
US stock advanced on Friday and recovered some of the ground lost in Thursday’s session, as the late-day rebound might be exacerbated by low volume ahead of Monday’s holiday. The risk of a renewed selloff in equities is still high due to the pessimistic growth outlook, as investors are worried that the tighter monetary expectationsContinue Reading
US natural gas futures contract dropped 16 percent, the worst result in more than three years
Written on July 1, 2022 at 12:58 am, by anakin
US stock markets fell on Thursday as the S&P 500 capped its worst first half of the year in more than 50 years. The Dow Jones Industrial Average slid 0.8% and the tech-heavy Nasdaq Composite dropped 1.3%. And the S&P 500 was down 0.9% at the end of the day. Now, the market seems toContinue Reading
