Energies
Monthly Archives: June 2023
Gold Declines and Dollar Stabilizes
Written on June 19, 2023 at 5:28 am, by Designer
Market News Summary European stocks closed on Friday at their highest levels in three weeks, driven by increases in luxury goods and defense stocks at the end of a week dominated by decisions from major central banks. The European Stoxx 600 index rose 0.5% on Friday. For the entire previous week, the index gained 1.5%,Continue Reading
STARTRADER Market Recap | 14-June-2023
Written on June 16, 2023 at 11:13 am, by wwwstartraddev
According to a report from the US Department of Labor, the data showed that the Consumer Price Index (CPI) rose by 0.1% on a monthly basis in May, following a 0.4% increase in April. Additionally, the inflation rate increased by 4% on an annual basis, which is lower than expected. Based on this data, investorsContinue Reading
Bitcoin Falls Below $25,000
Written on June 16, 2023 at 8:59 am, by Designer
market news summary The European Central Bank (ECB) raised the deposit interest rate by 25 basis points to 3.5%, its highest level in 22 years. European stocks closed lower yesterday, Thursday after the central bank raised borrowing costs as expected and hinted at further tightening of monetary policy to curb persistent inflation. The European StoxxContinue Reading
Fed maintains rates and communicates objectives clearly
Written on June 15, 2023 at 5:40 am, by Designer
Market News Summary Jerome Powell, the Federal Reserve Chairman, stated that achieving the targeted inflation of 2% will take a long time, and the full impact of monetary tightening on the US economy will be evident later. Despite the ongoing upward pressures of inflation, the Fed is making progress in combating it. Powell also indicatedContinue Reading
Markets Await Interest Rate Decision Today
Written on June 14, 2023 at 7:29 am, by Designer
Market News Summary Bank of America believes that the Federal Reserve and Saudi Arabia are engaged in a “battle of ownership” over oil, and that crude prices are likely to remain under pressure until the Federal Reserve withdraws from its tightening monetary policy. According to Bank of America, oil prices are expected to rise toContinue Reading
Expectations for a Decrease in Inflation Rates Today
Written on June 13, 2023 at 8:08 am, by Designer
market news summary European stock indices rose at the end of yesterday’s session, Monday, June 12, amid anticipation of central bank meetings in the United States, Europe, and Asia this week. At the end of the session, the STOXX600 index rose by about 0.16% to 460 points. The German DAX rose by 0.9%, reaching 16,097Continue Reading
STARTRADER Monday’s Market Update 12-06-2023
Written on June 12, 2023 at 1:49 pm, by Designer
Oil prices declined today ahead of a meeting of the Federal Reserve as investors try to gauge the inclinations of the US central bank regarding interest rate hikes. Concerns about fuel demand in China and increased Russian crude supplies have also impacted the market. The price of West Texas Intermediate crude dropped to $69.93 perContinue Reading
Significant Data to Be Released This Week
Written on June 12, 2023 at 11:22 am, by Designer
market news summary Official data revealed that the economy of the Eurozone has officially entered what is known as a “technical recession” in the first quarter of the current year. According to the revised or final data released by Eurostat, the Gross Domestic Product (GDP) of the Eurozone contracted by approximately 0.1% in the firstContinue Reading
The Markets Are Anticipating the Significant Events Next Week
Written on June 9, 2023 at 8:27 am, by Designer
market news summary US stocks closed higher yesterday on Thursday, regaining some momentum thanks to a recovery in the technology sector and a decrease in volatility to record levels ahead of a busy week of economic and monetary policy events. Investors are eagerly awaiting inflation data and the Federal Reserve’s policy meeting next week. EuropeanContinue Reading
