Energies
Monthly Archives: August 2023
Oil Continues Its Downward Momentum
Written on August 14, 2023 at 6:26 am, by Designer
Market News Summary Analysis from Markets Insider shows that Apple has spent over $500 billion on stock buybacks over the past decade, specifically since 2012. This amount exceeds the total market value of giant companies like Visa ($489 billion), JPMorgan ($446 billion), or Exxon Mobil ($441 billion). New inflation data indicates that the Federal ReserveContinue Reading
Gold’s downward momentum is increasing.
Written on August 11, 2023 at 7:02 am, by Designer
Market News Summary Oil prices touched new levels on Wednesday, with Brent crude reaching its highest price since January. A significant decrease in US fuel inventories and production cuts by Saudi Arabia and Russia have counteracted concerns about slowing demand from China. Brent crude rose by 1.6% to $87.55 per barrel at the close. WestContinue Reading
Expectations of a Slight Inflation Increase Prevail in the Markets
Written on August 10, 2023 at 10:04 am, by Designer
The White House intends to provide details of its plans to restrict some American investments in sensitive technology in China. It will also require notifying the government of other investments. The plan aims to prevent US capital, technology, and expertise from assisting in the development of technologies that could support China’s military modernization and threatenContinue Reading
STARTRADER Market Recap | 09-Aug-2023
Written on August 9, 2023 at 11:52 am, by wwwstartraddev
Credit card balances in the United States jumped in the second quarter, surpassing a trillion dollars for the first time. The total credit card debt increased by $45 billion from April to June, marking a growth of over 4% compared to the previous quarter. Markets are eagerly anticipating the upcoming release of the U.S. ConsumerContinue Reading
Markets Are Awaiting US Consumer Price Index Data
Written on August 9, 2023 at 9:06 am, by Designer
Market News Summary Credit card balances in the US surged in the second quarter, surpassing a trillion dollars for the first time. Americans increasingly turned to their credit cards to cover their expenses as summer approached, leading to a significant increase in total credit card balances, exceeding a trillion dollars for the first time ever.Continue Reading
Tesla Shares Continue Their Losses
Written on August 8, 2023 at 7:27 am, by Designer
Market News Summary Customs data revealed that China’s exports declined by 14.5% year-on-year in July, while imports contracted by 12.4%. This marks the worst performance for exports in the world’s second-largest economy since February 2020. European stocks closed stable at the end of trading yesterday, Monday, as investors awaited inflation data from around the worldContinue Reading
STARTRADER Monday’s Market Update 07-08-2023
Written on August 8, 2023 at 2:56 am, by wwwstartraddev
The largest American bank, JPMorgan, has abandoned its predictions of a U.S. economic recession, aligning with Wall Street analysts who no longer consider a recession to be inevitable. The bank now expects the U.S. economy to grow by approximately 2.5% in the third quarter. On the other hand, according to the research institute Renaissance MacroContinue Reading
The Dollar Loses Control After Job Data
Written on August 7, 2023 at 11:13 am, by Designer
Market News Summary The stock markets have experienced a notable 20% rise in value since the beginning of this year. However, experts suggest that this increase may be attributed to a broader global uptrend cycle. According to some analysts, this upward trend could potentially push the S&P500 index to reach levels of 14,000 by theContinue Reading
The Markets Are Awaiting Job Data and Unemployment Rates Today
Written on August 4, 2023 at 11:50 am, by Designer
Market News Summary On the previous day, Apple unveiled its quarterly earnings report for the third fiscal quarter, concluding on June 30, 2023. The company surpassed expectations by recording higher profits and revenues, attributed to robust growth in service sales, which saw an impressive 8% year-on-year increase. Amazon also reported its quarterly results for theContinue Reading
