Posts in category Economic Times
Positive Breakout: Shree Cement and 4 other stocks cross above their 200 DMA (09-04-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
At multi-year highs: These 4 stocks witness 5-year swing high breakout (09-04-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Donald Trump’s media company falls 12%, extends selloff (09-04-2024)
After its strong debut in late March, investors have soured on Trump Media & Technology Group after the company disclosed millions of dollars in losses earlier this month and said it would struggle to meet its financial liabilities.
Fed rate cut expectations for 2024 fall to lowest since October (09-04-2024)
Fed funds futures contracts for December on Monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had been priced at the start of 2024. The prospect of a first 25 basis point cut in June stood at 49%, down from 57% a week ago, CME Group data showed on Monday.
Yen feels the heat as US Treasury yields climb (09-04-2024)
The greenback added 0.03% to 151.87 yen, holding near a 34-year high of 151.975 yen hit last month as Japanese officials continued to ramp up their jawboning efforts in a bid to defend the currency.
Gold prices edge higher as markets await Fed minutes, CPI data (09-04-2024)
The U.S. CPI data and the minutes of the Fed's March policy meeting are due on Wednesday, which could help gauge the timing of the widely-expected rate cuts.
Wall Street ends flat as investors await CPI, earnings (09-04-2024)
That report heightened chances that the Federal Reserve could delay implementing its first interest rate cut at its monthly Federal Open Market Committee meetings longer than previously expected.