STARTRADER Market Recap | 16-Aug-2023
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 release of the Federal Open Market Committee (FOMC) Meeting Minutes, which will outline the Federal Reserve’s upcoming plans.
Meanwhile, shares of major banks retreated after Fitch Ratings warned of potential credit rating downgrades for dozens of banks. Indeed, JP Morgan’s stock dropped by approximately 2.5% on Tuesday, recording its biggest daily loss in over 4 months, causing the bank to lose about $11 billion in market value in a single day.
Key Takeaways U.S. Markets Close Lower with Growing Trade and Fed Tensions ECB Cuts Interest…
EURUSD: Potential Bearish Correction as RSI is in Overbought Territory Following a strong uptrend since…
Dear Valued Clients, To enhance your trading experience, we will be performing a historical data…
Oil prices went up on Thursday to regain some of the losses it has incurred…
Key Takeaways: All three major US indices close lower this week after volatile sessions Netflix…
About IA Pickleball Cup 2025 On March 8, 2025, STARTRADER participated as the Diamond Sponsor…
This website uses cookies.