Top daily news
Fed Chairman Jerome Powell says his department will continue its low-rate policy and quantitative easing. Recall that the Fed is buying back bonds worth $120 billion a month. This could be a long-term factor in the weakening of the US dollar and, at the same time, it may support...
Top daily news
Global equities markets have paused currently ahead of US $900 billion COVID-19 aid bill deadline today, though Republican Senate Majority Leader Mitch McConnell said talks could continue into the weekend. Stocks rallied Thursday. Tesla jumped 5.3% ahead of its debut on Monday as...
Dollar weakening accelerated after weak data
US stocks resumed advancing on Thursday as positive earnings reports overshadowed weak economic data. The S&P 500 gained 0.3% to 2997.95. The Dow Jones industrial average added 0.1% to 27025.88. Nasdaq composite index rose 0.4% to 8156.85. The...
Dollar strengthening resumes
US stock market edged up on Tuesday while tech stocks weighed after the attorneys general of 50 US states announced an investigation into Google’s ‘potential monopolistic behavior’. The S&P 500 added 0.03% to 2979.39. Dow Jones industrial rose 0.3% to 26909.43...
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