Monthly Archives: July 2024
Higher Tokyo CPI Bolsters BoJ Rate Hike Expectation
Written on July 26, 2024 at 6:39 am, by
Market Summary Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday’s session while the Dow Jones eked out a marginal gain. The small-cap Russell 2000 index remains on an upward trajectory, indicating capital rotation away from mega-cap stocks, tempered by AI jitters. The dollar index edged higher followingContinue Reading
Yen Resurgence! Will Next BoJ Week Sustain the Rally?
Written on July 26, 2024 at 3:32 am, by
Tuesday, 30 July 2024, 16:00 – US CB Consumer Confidence (Jul) The U.S. Conference Board reported a slight decline in the US Consumer Confidence Index (CCI) for June 2024, dropping to 100.4 from 101.3 in May. This decline is primarily due to a fall in the Expectations Index, which decreased to 73.0 from 74.9. TheContinue Reading
Wall Street Dip on AI Jitters
Written on July 25, 2024 at 9:21 am, by
Market Summary The U.S. equity market experienced one of its worst trading days this year, with the Nasdaq leading the decline, plunging more than 700 points in the last session. Investor concerns over the AI sector surged following Tesla’s earnings miss and Google’s higher-than-expected spending, both of which saw sharp declines. Meanwhile, the dollar remainedContinue Reading
