Monday Market Update I 26-Feb-2024
Oil prices dropped due to the strengthening dollar, raising concerns over inflation and the potential delay of cuts to U.S. interest rates, thereby impacting global fuel demand.
Meanwhile, Asian stocks remained near a seven-month high as investors awaited inflation updates from the US, Japan, and Europe to gauge future rate adjustments.
Japanese consumer price figures, anticipated to reveal a slowdown, are slated for release on Tuesday. Moreover, EU inflation data, expected to demonstrate a decline, is set to be published on Friday, potentially influencing ECB policy decisions.
In the US, an eventful week is anticipated, featuring key reports on durable goods, consumer confidence, GDP, core PCE, initial jobless claims, and manufacturing PMIs.
The Asian session refers to the period of time when the Asian markets are open.…
Strengthening Credibility: STARTRADER Secures SCA License In a significant advancement, STARTRADER has secured the SCA…
https://www.youtube.com/watch?v=9SsCbl5tIxA Global Markets at a Glance US tariffs are sending ripples through global markets—here’s the…
Recent data shows a sobering fact: over 70% of retail traders in India lost money…
Asset allocation is an investment strategy in which investors divide their capital across different assets…
This website uses cookies.