Posts in category Economic Times
Traders stunned by election surprises from Mexico to India (07-06-2024)
The world witnessed unexpected outcomes in the Mexican elections and Narendra Modi's victory, impacting markets globally. Claudia Sheinbaum's landslide win also played a significant role in reshaping market dynamics.
Tokyo shares range-bound after mixed US finish (07-06-2024)
Tokyo stocks traded in a narrow range on Friday after a mixed finish on Wall Street as investors await key US jobs data. "The Tokyo market is expected to stay within a narrow range in early trade after the US market ended mixed," brokerage house Monex said.
Oil prices climb as OPEC+ reassures markets, ECB cuts interest rate (07-06-2024)
Oil prices rose as OPEC+ members Saudi Arabia and Russia hinted at output adjustments. Brent crude futures reached $80.03 per barrel, and U.S. West Texas Intermediate crude futures hit $75.71. Europe's interest rate cut raised expectations of a similar move in the U.S. Analysts await Chinese commodity trade data for insights into global oil demand.
S&P 500, Nasdaq close slightly down ahead of US payrolls data (07-06-2024)
The S&P 500 and Nasdaq composite dipped from record highs ahead of key labor market data. Nvidia fell, while utilities and industrials dragged the S&P 500 lower. Investors await the U.S. nonfarm payrolls report, which may influence Federal Reserve decisions.
Stocks and bonds fall in run-up to US Jobs report (07-06-2024)
Stocks and bonds lost steam ahead of the US jobs report, impacting the Federal Reserve's next steps. Traders refrained from big bets as equities retreated from all time highs.