quotations analysis

24 February 2023

Economic data signal potential hike rates in the next meeting

US stocks advanced higher on Thursday, regaining upside momentum, and rose in a jittery session after US indexes trimmed part of their losses ahead of the close. The impressive rebound witnessed in huge companies like Microsoft Corp. and Apple Inc has underpinned the …

23 February 2023

Fed members agreed to more hikes to achieve the inflation target

US stocks declined lower on Wednesday, witnessing some selling momentum, and failed to sustain their rebound after the Federal Reserve signaled that interest rates will continue moving higher amid ongoing inflation concerns. As per the latest Federal Open Market Committee’s (FOMC) Monetary …

22 February 2023

US stocks lower as Fed might raise more interest rate

US stocks recorded their worst day in two months on Tuesday, as investors were unnerved by economic data suggesting interest rates have further to rise after months of increases by the Federal Reserve. The blue-chip S&P 500 index ended down …

21 February 2023

Market slow as US Market holiday

U.S. stock futures were trading lower during Monday’s evening deals, with significant benchmark averages remaining closed during the regular session for a public holiday. Contracts on the S&P 500 Index slipped 0.3%, with Treasury futures dropping across the curve. Stocks …

20 February 2023

Geopolitical conditions creating bearish pressure on the equity markets

US stocks declined lower on Friday, witnessing some selling momentum, and ended the week slightly lower amid Federal Reserve officials’ hawkish comments. The geopolitical conditions surrounding China and Russia join the recently hawkish Federal Reserve (Fed) bias and exerted bearish …

20 February 2023

Week ahead: FOMC meeting minutes, RBNZ rate statement, and Canada CPI in focus

In the upcoming week, several significant events and economic data releases are scheduled to take place. Among them are the Federal Open Market Committee (FOMC) meeting minutes, the Reserve Bank of New Zealand (RBNZ) rate statement, and the Canada Consumer …

17 February 2023

Fed officials considering 50bps interest rate hike

US stocks dropped sharply on Thursday, coming under intense selling pressure, and closed firmly in the red after two Federal Reserve officials said they were considering 50 basis-point interest rate hikes to battle persistently high inflation. The firmer US data that allows the …

16 February 2023

US Retail Sales jump the most in two years

US stocks closed higher and Treasuries slid as investors picked through another batch of solid economic data to find different takeaways, even as worries mounted that it would force a hawkish response from the Federal Reserve. The S&P 500 rose …

15 February 2023

US annual inflation data released at 6.4%

The Dow closed lower Tuesday, as investors digested the latest data showing signs of cooling, but stickier inflation that triggered a jump in Treasury yields on bets for a more aggressive Federal Reserve. The Dow Jones Industrial Average fell 0.46% …

14 February 2023

Market awaits the US CPI data

US stocks advanced higher on Monday, witnessing upside strength, and ended the previous day with broad gains amid the market’s mildly positive sentiment. The better market mood during European trading hours pushed the US Dollar into the red across the …