Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
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Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
In a day marked by a notable rebound, global stock markets showed signs of resilience, with the Dow Jones Industrial Average climbing more than 300 points, indicating a return to winning ways for the first time in three sessions.
The Dow Jones Industrial Average ended the day on a positive note, lifted by Federal Reserve Chair Jerome Powell's recent statements suggesting a potential pause on interest rate hikes, which calmed investor fears over persistent inflation.
Tuesday saw a downturn in global markets, marked by the Dow Jones Industrial Average tumbling over 550 points, its most significant monthly drop since September 2022.
The US stock markets experienced notable gains, largely driven by Tesla's significant rise and the collective anticipation of a busy earnings week.
With a large amount of economic data and robust earnings reports, Wall Street capped off its best week since November, with significant rallies in the S&P 500 and Nasdaq Composite driven by stellar performances in big tech stocks.
Global stock markets ended lower on Thursday, reacting sharply to new economic data that revealed a significant slowdown in US economic growth alongside persistent inflation pressures, restarting fears of a recession-inflation scenario.
The global markets showed varied trends today, with the S&P 500 barely moving as concerns over increasing bond yields tempered the enthusiasm from a solid round of corporate earnings.
The stock market showcased a remarkable upswing, driven by a number of strong corporate earnings that eased concerns over impending interest rate hikes.
The Dow Jones Industrial Average and the S&P 500 experienced a notable rebound this week, breaking from recent losing streaks as optimism returned to technology stocks.
In a significant downturn, the Nasdaq Composite recorded its sixth consecutive losing day, tumbling over 2% as Nvidia's shares plummeted by 10%, marking a significant shift in market sentiment.
The US stock market experienced a tug-of-war on Thursday, with the Dow Jones Industrial Average making a modest gain while the S&P 500 and Nasdaq Composite fell to selling pressure.
Despite a promising start to the trading day, major US stock indexes weakened, marking a continued decline amid tech sector struggles and mixed global economic signals.
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