Energies
Monthly Archives: July 2023
The US Dollar Is Declining While Gold Remains Stable
Written on July 11, 2023 at 8:27 am, by Designer
market news summary The Nikkei Japanese index recorded its longest losing streak of the year on Monday, July 10th, for the fifth consecutive session, influenced by the yen’s rise and weakness on Wall Street last week. The Nikkei index dropped 0.61% to 32,189.73 points at the close of a volatile session. The index initially roseContinue Reading
STARTRADER Monday’s Market Update 10-07-2023
Written on July 10, 2023 at 12:23 pm, by Designer
The number of bankruptcies among US companies has risen at the fastest pace since 2010 during the first half of this year. Among the well-known names that filed for bankruptcy in the first half of 2023 are Silicon Valley Bank and Bed Bath & Beyond. At the same time, US technology stocks have achieved significantContinue Reading
The Markets Are Awaiting US Consumer Price Index (CPI) Data This Week
Written on July 10, 2023 at 11:02 am, by Designer
market news update US technology stocks have achieved significant gains since the beginning of the current year, supported by the AI-driven boom. The market capitalization of the seven largest technology companies listed on the Wall Street Stock Exchange, namely Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta, has risen by about 60% this year, amountingContinue Reading
Fed’s June Meeting Sights Further Tightening of Monetary Policy
Written on July 6, 2023 at 12:55 pm, by Designer
market news summary Most Federal Reserve officials indicated in their June meeting the possibility of further tightening of monetary policy in the near future, albeit at a slower pace than the rapid rate hikes seen since early 2022, according to the minutes of the Federal Reserve meeting released yesterday. Leading Eurozone stocks declined yesterday, Wednesday,Continue Reading
STARTRADER Monday’s Market Update 03-07-2023
Written on July 5, 2023 at 7:07 am, by Designer
Oil prices experienced a decline during the early Asian trading session today, Monday, as concerns over global economic slowdown and the possibility of the Federal Reserve raising interest rates were met with expectations of supply reductions amidst announced cuts by OPEC+. Last week, Federal Reserve Chairman Jerome Powell stated that further interest rate hikes wouldContinue Reading
Oil Prices Volatile Amidst Economic Factors and Production Cut Decisions
Written on July 5, 2023 at 6:53 am, by Designer
market news summary Morgan Stanley believes that the United States will avoid the expected widespread economic recession, supported by the flexibility of the labor market, which can withstand interest rate hikes by the Federal Reserve this year. They added: There is a clear slowdown in the labor market, however, the job gains rate has beenContinue Reading
Dow Jones Index Records Highest Close in 7 Months
Written on July 4, 2023 at 6:35 am, by Designer
market news summary European indices declined at the end of Monday’s trading session, led by healthcare stocks, after finishing the first half with gains of around 8.8%. At the end of the session, the STOXX600 index declined by about 0.21% to 461 points. The German DAX fell by 0.4% to reach 16,081 points, while theContinue Reading
Oil Prices Set for Decline Amid Global Economic Concerns and OPEC+ Supply Reductions
Written on July 3, 2023 at 8:21 am, by Designer
market news summary Deliveries and production of Tesla increased during the second quarter of 2023 on an annual and quarterly basis. Wall Street analysts had predicted that the total deliveries for the company during the three-month period ending on June 30 would reach 445.92 thousand levels. Janet Yellen, the U.S. Treasury Secretary, believes that theContinue Reading
