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 striking rebound from last week's downturn, Monday's stock market witnessed a notable revival led predominantly by a surge in tech stocks. The Nasdaq Composite spearheaded this upswing, recording a 2.2% rise – its most impressive performance since mid-November.
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.
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 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 an extraordinary turn of events that underscored the resilience of the U.S. economy, the S&P 500 leaped to a new peak for 2023, courtesy of robust economic data and a tempered outlook on inflation.
In a stark contrast to the recent rally, Wall Street encountered a hiccup in its upward climb on Monday, as major indices retreated from their consecutive weeks of gains. The Dow Jones Industrial Average, which had been riding a wave of optimism, experienced a slight contraction, shedding 23 points, a subtle yet telling 0.1% dip.
As November draws to a close, Wall Street celebrates a remarkable ascent, with the Dow Jones Industrial Average leaping to a new high for 2023, marking an 8% rally for the month.
Stocks showed a positive trend on Wednesday, with the Dow Jones Industrial Average leading the way, gaining 178 points, or 0.5%. The S&P 500 and Nasdaq Composite followed suit, climbing 0.4% and 0.5%, respectively, as the markets prepared for the Thanksgiving holiday.
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.
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.
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