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Finance Economy

All articles tagged with #finance economy

finance-economy1 year ago

"Consumer Confidence Wanes as Economy Faces Uncertain Future"

U.S. stocks closed lower, with consumer optimism waning as anxiety about the economy grows, reflected in a dip in the closely watched consumer confidence gauge for March. The closure of the Port of Baltimore has logistics firms scrambling, cocoa prices are surging, and Apple is set to reveal its AI game plan at its annual developers conference in June. Additionally, investors are turning to exchange-traded funds amidst market volatility.

via CNBC|
#apple#cocoa-prices#consumer-confidence
finance-economy1 year ago

"Market Focus: Key Data and Trends for the Week Ahead"

The Federal Reserve's announcement of its plan to cut interest rates three times this year sent stocks to record highs, despite a pullback on Friday. The upcoming week will be a holiday-shortened trading week with key economic data, including the release of the February Personal Consumption Expenditures (PCE) price index on Friday. The IPO of Reddit has raised questions about the IPO market, and the economic calendar will also feature housing data and consumer confidence measures.

via Yahoo Finance|
#economic-data#federal-reserve#finance-economy
finance-economy1 year ago

"Inflation Data Sparks Market Alert: What Traders Expect This Week"

Rockland Trust Chief Investment Officer Dave Smith anticipates the February Consumer Price Index (CPI) data, expecting it to align with the 3.1% expectation and viewing it as a positive sign for the economy, especially after lower-than-expected wage growth in last week's jobs report. Despite potential risks, Smith believes the S&P 500 is trading at a fair valuation, with risks already factored in, and suggests that markets should have a higher-priced multiple in light of potential Federal Reserve rate cuts.

via Yahoo Finance|
#cpi#equity-markets#federal-reserve
finance-economy1 year ago

"Powell Testifies: Fed's Stance on Interest Rate Cuts and Market Response"

Federal Reserve Chairman Jerome Powell reiterated that while he expects interest rates to start coming down this year, the Fed is not yet ready to make a move, emphasizing the need for greater confidence in sustainable inflation progress. Powell's remarks indicated that the Fed remains cautious about not losing ground against inflation and will base decisions on incoming data rather than a preset course. Despite market expectations for aggressive easing, the Fed's cautious approach has shifted those expectations, with futures market pricing pointing to the first rate cut coming in June. Powell also highlighted the progress made toward the 2% inflation goal and the need to balance economic growth with inflation risks.

via CNBC|
#federal-reserve#finance-economy#inflation
finance-economy1 year ago

"India's Fiscal Deficit Shrinks to 5.1% Amid Infrastructure Boost and Pre-Election Budget"

India's Finance Minister Nirmala Sitharaman announced that the country's fiscal deficit for 2025 is expected to narrow to 5.1% while boosting infrastructure spending, with capital expenditure set to rise by 11.1% to 11.11 trillion rupees. She emphasized the development of air connectivity and highlighted the potential of the India-Middle East-European Union corridor as a "gamechanger." Long-term interest-free loans will be given to states for tourist center development, and the interim budget also focuses on poverty, youth, women, and farmers. The budget is seen as a stop-gap financial plan during an election year, with the full union budget to be released after the elections.

via CNBC|
#budget#finance-economy#fiscal-deficit
finance-economy1 year ago

"Tech Giants Tumble: Nasdaq Sinks, Fed Meeting Looms"

The Nasdaq fell over 1% as early tech earnings disappointed investors, while the Federal Reserve held interest rates steady and removed language reflecting a bias toward tightening rates. The poor start from tech giants like Microsoft and Alphabet could unnerve Wall Street, but attention now turns to Apple, Amazon, and Meta's earnings. Additionally, Paramount Global's shares surged after media mogul Byron Allen made a $14.3 billion bid to buy all outstanding shares, and the US economy added 107,000 private payroll jobs in January, below estimates.

via Yahoo Finance|
#federal-reserve#finance-economy#interest-rates
finance-economy1 year ago

"Evergrande Liquidation Sends Ripples Through Global Markets"

Asia-Pacific markets rose, except for Hong Kong, following Evergrande's liquidation order; Japan's unemployment rate fell, while the U.S. S&P 500 closed at a record high; Dow underperforms in January due to Boeing, Walgreens, and Intel; Oil prices fell as China's property crisis raised concerns about its economy; U.S. Treasury Department reduces estimate for first-quarter borrowing, sparking a rally for bonds and stocks.

via CNBC|
#asia-pacific-markets#evergrande#finance-economy
finance-economy1 year ago

"Market Outlook: Fed Meeting, Tech Earnings, and Jobs Report Impact This Week"

The upcoming week is set to be busy for investors, with the Fed's policy decision, big tech earnings from Apple, Alphabet, Microsoft, Amazon, and Meta, and the release of the January jobs report. Investors expect the Fed to leave interest rates unchanged, while closely watching for any hints about future rate cuts. The January jobs report is anticipated to show a modest decrease in job additions, and big tech earnings are expected to drive the market narrative. Additionally, key economic data on manufacturing and services sectors, as well as updates on job openings, will also be closely monitored.

via Yahoo Finance|
#big-tech-earnings#economic-data#fed-meeting
finance-economy2 years ago

"Taiwan's Market Gains Outpace Japan's Lowest December Inflation in Years"

Taiwan led gains in Asia-Pacific markets as chip stocks rose, with Taiwan Semiconductor Manufacturing Corp surging; Japan's December inflation hit its lowest level since June 2022, with the Bank of Japan set to announce its decision on its monetary policy meeting next week; Amazon to invest over $15 billion in Japan to expand cloud infrastructure; Asia's chipmakers surged following TSMC's upbeat annual forecast for 2024; Morgan Stanley does not expect BOJ to end negative interest rates in January meeting; Japan's transition to wage-driven inflation will be favorable for its equities, according to Schroders; Apple shares rise after Bank of America upgrade; Weekly jobless claims post surprise drop, indicating ongoing tightness in the labor market.

via CNBC|
#asia-pacific-markets#chipmakers#finance-economy
finance-economy2 years ago

"Central Bankers' Reality Check: Stocks Slide, Dollar Leaps as Investors Get Defensive"

U.S. stocks started the week lower as Federal Reserve official Christopher Waller suggested a slower pace of interest rate cuts, contrary to market expectations. China's economy grew at 5.2% in 2023, slightly exceeding its 5% target, but youth jobless rates surged to 14.9% in December. Goldman Sachs and Morgan Stanley reported earnings, with Morgan Stanley warning of economic and geopolitical risks. Meanwhile, at the World Economic Forum, Microsoft CEO Satya Nadella advocated for a global regulatory approach to artificial intelligence.

via CNBC|
#china#economic-growth#federal-reserve