The MarketReader Minute
Federal Reserve Cuts Rates by 25 Basis Points, Sparking Major Market Declines and Shifting Projections for Future Cuts.
The MarketReader Minute
Federal Reserve expected to cut interest rates by 25 basis points amid strong U.S. retail sales and persistent inflation concerns, while UK faces rising inflation and Japan sees improved trade figures.
The MarketReader Minute
Mixed global economic signals emerge as U.S. retail sales rise ahead of Fed's rate decision, while Canada faces inflation easing and political turmoil in Europe raises market volatility.
The MarketReader Minute
U.S. stock markets decline amid rising inflation concerns ahead of Federal Reserve meeting, while mixed performances in Europe and vague stimulus plans from China weigh on global investor sentiment.
The MarketReader Minute
U.S. stock markets decline amid rising inflation concerns ahead of Federal Reserve meeting, while mixed performances in Europe and vague stimulus plans from China weigh on global investor sentiment.
The MarketReader Minute
ECB Cuts Interest Rate Amid Economic Challenges; US Producer Prices Surge and Jobless Claims Rise, While China Signals Accommodative Monetary Policy.
The MarketReader Minute
Some of the largest macro moves in the market today include: Ethereum +3.2%. Oil (WTI) +1.4%. Bitcoin +2.0%. The U.S. Consumer Price Index (CPI) data released today indicates that the annual inflation rate rose to 2.7% in November, up from 2.6% in October.
The MarketReader Minute
(XLE) has seen a modest increase of 0.24% amid broader market challenges. Oil prices remain under pressure, driven by disappointing Chinese trade data that raises concerns about global oil demand.
The MarketReader Minute
The ETF's top holdings experienced significant declines, with Moderna Inc. and Regeneron Pharmaceuticals receiving Underperform ratings from BofA Securities, alongside price targets suggesting further downside.
The MarketReader Minute
(XLY) experienced a price increase of 0.8% during market hours on Tuesday. This follows a previous gain of 0.45% reported yesterday, amid a broader market where the S&P 500 and Nasdaq saw gains despite declines in nine of the eleven S&P sectors.
The MarketReader Minute
(XLF) has experienced a decline of 0.6% since Monday. The U.S. Labor Department reported that Q3 labor productivity growth remained unchanged, while unit labor costs rose less than initially estimated, suggesting easing wage pressures on inflation.
The MarketReader Minute
(VGT) has seen a decline in pre-market trading. Significant contributors to this performance include Microsoft, which dropped slightly, and Oracle, which experienced a notable decline following disappointing second-quarter results, particularly in cloud revenue.
