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.
This website does not provide services to UK Clients.
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 landscape marked by contrasting movements, the stock market today presented a tale of divergence. The Nasdaq Composite extended its losing streak, marking its fifth consecutive day in the red, the longest since October 2022, signalling a cautious sentiment among tech investors.
In an unexpected reversal of fortunes, Wall Street grappled with increased volatility on Wednesday, as the bubbly start to 2024 quickly gave way to caution. The trading day was punctuated by a pronounced retreat in technology stocks, leading to the Nasdaq Composite's notable dip for a second consecutive day.
As the curtains rise on 2024, Wall Street deals with a turbulent start, straying from its triumphant rally in the previous year. The S&P 500 and Nasdaq Composite, previous bearers of market optimism, surrendered to a cautious retraction, with the former shedding 0.9% and the latter marking its most pronounced decline since October.
As the financial world transitions from a tumultuous 2023 into the promise of 2024, it stands on the precipice of a new era defined by resilience and unexpected turns. The closing chapter of 2023 witnessed European stocks rebounding with an impressive 12.64% annual gain, defying the previous year's decline.
The S&P 500 is edging closer to its record highs in a remarkable display of market resilience, signalling an upbeat end to the year as it notches its eighth consecutive winning week - a feat not seen since 2017. This Friday, the S&P 500 rose modestly, underscoring a robust undercurrent of investor optimism fuelled by cooler inflation data and growing anticipation of a more accommodative monetary policy from the Federal Reserve. The Nasdaq Composite also witnessed gains, while the Dow Jones Industrial Average saw a slight retraction. These movements reflect a nuanced backdrop of economic and corporate dynamics, including impactful earnings reports and geopolitical developments, shaping investor sentiment as the market moves towards the cusp of a new year. With the backdrop of cooling inflation and renewed rate cut expectations, this period marks a significant chapter in the financial narrative of 2023, highlighting a complex interplay of factors driving the markets forward.
Wall Street witnessed a remarkable rebound on Thursday, erasing much of the previous session's losses in a dynamic upswing driven by the semiconductor sector. Leading the charge was Micron Technology, whose upbeat revenue forecast injected a wave of optimism across the tech landscape.
In a dynamic twist of economic narratives, the global financial stage witnessed a day steeped in contrasts and complexities. The United Kingdom's inflation rate, in a startling but welcome descent, tumbled to 3.9% from 4.6%, stirring the cauldron of market speculation and heightening anticipation of Bank of England rate adjustments.
In a remarkable display of sustained bullish momentum, Wall Street witnessed a surge of optimism as the Dow Jones Industrial Average marked its ninth consecutive day of gains. Propelled by the Federal Reserve’s recent dovish shift in interest rate policy, the market displayed confidence, with the Dow climbing over 200 points.
In a striking display of enduring market drive, Wall Street's major indices ascended to commendable heights on Monday, reinforcing the robustness of its seven-week winning streak. The Dow Jones Industrial Average notched a modest gain, while the S&P 500 and Nasdaq Composite showed more significant advances
In a session reflective of the varying dynamics of today's economy, Wall Street on Friday showcased a mixed performance with the Dow Jones Industrial Average and Nasdaq Composite climbing higher, while the S&P 500 slightly recoiled.
In a remarkable display of market resilience, Wall Street surged forward with the Dow Jones Industrial Average leading the charge, lifted by a combination of favourable economic data and shifting interest rate expectations.
In a remarkable demonstration of market buoyancy, the Dow Jones Industrial Average charted new territory, surpassing the 37,000 threshold for the first time, boosted by the Federal Reserve's indications of potential rate cuts in the upcoming year.
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