With the stock market rally at its most fragile stage in months, big tech earnings, a reading on economic growth and a fresh inflation print are set to greet investors in the week ahead.
The market rally is at its most fragile point in months. The S&P 500 (^GSPC) ended Friday below 5,000, its first close below that mark since late February. Meanwhile, the Nasdaq Composite (^IXIC) dropped more than 5% on the week, while the Dow held flat. This week, critical readings on economic growth and inflation, as […]
The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse than a recession. read more
Australian and Japanese markets fell Wednesday as investors brace for the
Disappointing readings on GDP and inflation helped tank equities.
The U.S. dollar was a shade softer in early deals, thinned by a holiday in
The Naira yesterday depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar exceeding the parallel market rate by N45.15.
WASHINGTON >> The Federal Reserve held interest rates steady today and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings and suggested a possible stall in the movement towards more balance in the economy.
Treasury yields declined, with the two-year note’s falling below 5%, after the tone of the Federal Reserve’s latest monetary policy statement was less hawkish than many investors expected.
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
World stocks have recovered some losses and gold has fallen by the most in a year, dropping with government bond prices and oil as investors reversed some defensive positions taken going into the weekend on fears of a wider Middle East conflict. The week ahead is packed with corporate earnings, with 158 companies in the […]
Health officials from the Balkh Public Health Department report a notable rise in cancer cases within the province. “In 1401, about 2,613 OPD cases were registered with us. During the last year, 1402, these figures were 4,912 cases,” said Ehsanullah Kaliwal, the head of the oncology department at Balkh Regional Hospital. Some doctors attribute the […]