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.
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…
This website uses cookies.