Energies
Monthly Archives: August 2023
STARTRADER Monday’s Market Update 21-08-2023
Written on August 21, 2023 at 11:17 am, by wwwstartraddev
The chart of estimates by experts from the German Institute “ZEW” for Economic Research indicates that the inflation rate in the Eurozone will remain above the 2% target set by the European Central Bank for years to come. Investors are anticipating remarks from Christine Lagarde, the President of the European Central Bank, this week. InContinue Reading
Gold Stabilizes Below $1900!
Written on August 21, 2023 at 7:17 am, by Designer
Market News Summary European stock indicators retreated at the close of Friday’s trading session amid prevailing caution in global markets, coinciding with the assessment of the Federal Reserve’s future monetary policy and fresh concerns about the real estate sector in China. The Stoxx 600 index closed down by 0.6%, recovering some of its earlier losses.Continue Reading
Gold Retreats as Dollar Stabilizes
Written on August 18, 2023 at 7:34 am, by Designer
Market News Summary Core consumer prices in Japan slowed down in July, reinforcing expectations that the Bank of Japan will not rush to abandon its monetary easing policy, even though inflation remains above the bank’s target level. Cisco’s stock jumped over 3% on Thursday, marking its highest closing in 16 months. The company added aroundContinue Reading
Expectations Of Continued Monetary Tightening Support the Dollar.
Written on August 17, 2023 at 7:58 am, by Designer
Market News Summary The minutes of the Federal Reserve’s meeting showed that officials expressed concerns about the pace of inflation in their previous meeting in July, stating that further interest rate hikes would be necessary in the future unless economic conditions change. The meeting minutes stated, “With inflation continuing to run above the Federal Reserve’sContinue Reading
What Does Silver Trading Hold for You?
Written on August 17, 2023 at 6:37 am, by Designer
Where Silver Got its Value in the Past? Silver, like gold, has a long history as one of human civilization’s oldest and most enduring trading commodities. While people no longer use silver coins as currency in today’s modern world, the value of this precious metal remains on a potential upward trajectory, catching the interest ofContinue Reading
STARTRADER Market Recap | 16-Aug-2023
Written on August 16, 2023 at 10:40 am, by wwwstartraddev
A report from the Department of Commerce indicated that retail sales in the US grew by 0.7% last month, surpassing expectations of a 0.4% increase, suggesting the American economy remains robust. Concerns were reignited that interest rates might remain high for an extended period following the latest economic data. Investors are eagerly awaiting today’s releaseContinue Reading
Fears of Interest Rate Hikes Grip the Markets
Written on August 16, 2023 at 6:27 am, by Designer
Market News Summary European indices closed lower yesterday, as economic data raised concerns about another interest rate hike in both Britain and Sweden, in addition to other data indicating a potential recession in the Chinese economy. The STOXX600 index closed down around 0.9% at 455 points, after touching its lowest level in over a monthContinue Reading
Nvidia Stocks Gain $72 Billion In One Day!
Written on August 15, 2023 at 6:59 am, by Designer
Market News Summary Government data released this Tuesday revealed that the Japanese economy grew by 6% annually in the second quarter, surpassing earlier expectations. Janet Yellen, the Treasury Secretary, stated on Monday that Biden’s economic policies have been successful, driving a surge in private sector investments and historic job growth in the U.S. Yellen emphasizedContinue Reading
STARTRADER Monday’s Market Update 14-08-2023
Written on August 14, 2023 at 11:05 am, by wwwstartraddev
The NASDAQ and S&P 500 indices declined at the close on Friday, marking losses for the second consecutive week. This was prompted by a higher-than-expected reading for the US Producer Price Index, which led to an increase in Treasury bond yields and a drop in shares of major technology companies. Analysis revealed that Apple hasContinue Reading
