Market Analysis

29 May 2023
Week Ahead: Markets to Focus on US Jobs Report and Canada Gross Domestic Product

This week’s key economic indicators, including the US Jobs Report and Canada’s Gross Domestic Product, are in the spotlight for the financial sector. These fundamental reports are crucial for traders to navigate the markets and make informed decisions. Stay tuned …

26 May 2023
Tech Stocks Surge as Nvidia’s Strong Results Ignite Investor Enthusiasm Amid U.S. Debt Ceiling Talks

On Thursday, the S&P 500 and Nasdaq Composite experienced gains driven by positive quarterly results from Nvidia, leading to a surge in technology stocks. The Nasdaq rose by 1.71% to close at 12,698.09, while the S&P 500 increased by 0.88% …

25 May 2023
Dow Jones Falls as Debt Ceiling Concerns Mount

The Dow Jones Industrial Average extended its decline for the fourth consecutive day amidst mounting concerns over a potential default as U.S. lawmakers struggled to reach an agreement on the country’s debt ceiling. The Dow dropped 255.59 points, or 0.77%, …

24 May 2023
Stocks Slide as Debt Ceiling Negotiations Show Little Progress

Stocks experienced a decline on Tuesday as discussions regarding the debt ceiling continued with minimal signs of advancement. The S&P 500 dropped 1.12% to settle at 4,145.58, while the Nasdaq Composite pulled back 1.26% to close at 12,560.25. The Dow …

23 May 2023
Market Holds Steady as Debt Ceiling Meeting Looms and Tech Stocks Lead the Way

On Monday, the S&P 500 index experienced minimal change as investors awaited a crucial debt ceiling meeting and officials worked to prevent a default. The index slightly increased by 0.02% to close at 4,192.63, while the Dow Jones Industrial Average …

22 May 2023
Week ahead: All Eyes on RBNZ Rate Statement and FOMC Meeting Minutes

The financial sector is poised to closely monitor significant economic releases this week, with particular attention on RBNZ Rate Statement and FOMC Meeting Minutes. These essential reports play a critical role in guiding traders through the markets and enabling them …

19 May 2023
Stock Market Soars on Debt Ceiling Optimism and Strong Earnings: S&P 500 and Nasdaq Reach Yearly Highs

On Thursday, the S&P 500 and Nasdaq Composite surged to their highest closing levels since August 2022, driven by ongoing debt ceiling negotiations. The S&P 500 rose by 0.94% to reach 4,198.05, while the Dow Jones Industrial Average ended the …

18 May 2023
Market Outlook – Interesting week ahead for Australia, New Zealand, and Canada
18 May 2023
Stocks Rise as Hope Grows for U.S. Debt Ceiling Deal, Averting Default

Stocks experienced a positive surge as investors remained hopeful that an agreement on the U.S. debt ceiling could be reached between congressional leaders and President Joe Biden, thereby averting a catastrophic default. The Dow Jones Industrial Average rose by 408.63 …

17 May 2023
Stocks Slide as Home Depot Disappoints and Debt Ceiling Talks Intensify

Stocks experienced a decline on Tuesday, influenced by Home Depot’s underwhelming forecast. The financial market also focused on a crucial meeting between President Joe Biden and congressional leaders regarding the U.S. debt ceiling. The Dow Jones Industrial Average closed below …