Stocks Suffer Sharpest Drop Since August 5th, What’s Next?
- The stock market witnesses its worst session since August 5th. The NASDAQ drops more than 3.00% as 80% of its stocks decline.
- The VIX rises more than 5% indicating a low risk appetite as investors fear lower consumer demand and the unwinding of certain hedge positions.
- The price of the
US Jobs Vacancies Fall to 3-Year Low Pressuring The US Dollar!
- US Job Vacancies drop to their lowest level in more than 3 years. The US Dollar Index declines.
- The best performing currency of the week is the Japanese Yen. Investors are turning to the only Central Bank which is not going to cut rates in 2024.
- The possibility of a
Gold Hangs Below $2,500; Silver Tends Negative
Gold held near $2,500 an ounce on Thursday, as investors awaited a key US jobs report for further insight into the extent of the Federal Reserve’s interest rate cuts, which could reduce the opportunity cost of holding non-yielding gold.
JOLTS data released on Wednesday showed a drop in the number …
Czytaj więcejWill the US Election Spark a New Trend for the Dollar?
While it is easier to determine how a Trump-Presidency will support certain stocks while a Harris-Presidency will support others, the influence on the US Dollar is less obvious. Markets might initially welcome a Trump victory due to expectations of pro-business policies, however trade disputes could be a game-changer.
If either …
Czytaj więcejMarket News – Nvidia dropped after hours; Equities mixed; Dollar pared some losses
Asia & European Sessions:
- Nvidia dropped about -7% in after hours trading in Frankfurt this morning, mirroring a fall in US after-hours trading which took Wall Street futures down with it. Though Nvidia’s guidance fell short of lofty expectations, the company’s revenue more than doubled to $30 billion in the
