Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
Please note that you are entering the site for INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking Continue, you acknowledge the information below.
You confirm that you wish to continue to open an account with INFINOX Limited in Mauritius, who is regulated by The Financial Services Commission of Mauritius.
By clicking continue, you acknowledge that you will not receive the protections that you would normally be afforded under EU regulation.
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.
The current financial landscape is dominated by two significant phenomena: the robust recovery in oil prices and the fluctuating behaviour of the US dollar. These elements are crucial in dictating the flow of commodities, currencies, and broader market strategies.
The stock market retreated on Thursday, with the Dow Jones Industrial Average closing lower by 98 points, or 0.3%, effectively ending its four-day winning streak.
The Dow Jones Industrial Average responded positively to the latest Producer Price Index (PPI) data, indicating easing inflation, with an impressive gain of over 150 points.
The stock market experienced a notable rally, with the S&P 500 logging its best day since April and the Dow Jones Industrial Average soaring nearly 500 points.
In a trading day characterised by cautious anticipation and nuanced market reactions, the S&P 500 displayed remarkable stability, closing nearly flat. This subdued closure follows Moody's recent revision of the U.S. outlook and comes on the eve of a highly anticipated inflation data release.
Last week's financial markets have been a theatre of contrasting scenarios. The Dow Jones Industrial Average has shown remarkable resilience with a significant rally, while Saudi Arabia ETFs have faced unprecedented outflows.
The tranquillity in the financial markets was disrupted as the S&P 500's impressive eight-day ascent came to an abrupt halt, signalling investor unease.
In a testament to its enduring resilience, the S&P 500 index carved out an eighth straight day of gains, despite a modest uptick, while the Nasdaq Composite marginally retreated by 0.1%, and the Dow Jones Industrial Average edged down by 0.2%, shedding 80 points.
In a robust extension of recent market advances, the S&P 500 and Nasdaq Composite climbed higher on Tuesday, marking their most prolonged series of gains since November 2021 and reinforcing the upward momentum established in November’s rally.
In a display of resilience, the Nasdaq Composite rose steadily by 0.3%, achieving its longest consecutive rally since the beginnings of the year. The technology-heavy index, bolstered by a sector-wide optimism, not only reflects investor confidence but also the market's adept navigation through economic headwinds.
The financial markets have come alive with a sense of renewed vigour as signs from the Federal Reserve suggest a possible cessation to the aggressive rate hikes of the past months.
Wall Street’s main indexes concluded an impressive session with considerable gains, inspired by investor confidence that the U.S. Federal Reserve might be concluding its rate-hiking cycle.
Level up your trading activity - discover the INFINOX experience today.
Research & Insights
Our research will arm you with everything that you need to know to make the most of your financial trading opportunities.
Education
Curated especially for new traders. Our educational suite is an essential toolkit to getting started with your trading journey.
Apply online, quick & simple registration
Send us proof of identity and/or address for verification *Required for trading
Make your deposit easily, quickly and securely to start placing orders
Enjoy over 900 instruments to trade through INFINOX