Category: Stocks & Commodities

The S&P 500 index retraced most of its Wednesday’s decline on Friday, as it went briefly above 4,770 level following lower-than-expected Core PCE Price Index, one of the key inflation gauges. It came at +0.1% m/m vs. the expected +0.2%.

SHANGHAI: China stocks declined on Tuesday, dragged down by semiconductor shares, while gaming stocks stabilised after a slew of companies announced share buyback plans.

The S&P 500 index remained above 4,700 level yesterday and retraced a large part of its Wednesday intraday sell-off. Maintaining a bullish bias is still justified, and the market may have another opportunity to reach new highs. However, it’s crucial to pay close attention to the trading action, as there could be more uncertainty and volatility ahead. Nevertheless, I believe it is still justified to maintain the profitable long position.

Most Asian stocks rose on Wednesday, as expectations of lower U.S. interest rates and dovish signals from the Bank of Japan kept investors optimistic over a more accommodative environment in the coming year.

Emerging Asian currencies and stocks were broadly mixed on Tuesday after Federal Reserve policymakers tempered US rate cut expectations that had led to an earlier risk-on rally.

NEW YORK, Dec 15 (Reuters) – Wall Street stocks wobbled to a mixed close and the dollar bounced back on Friday as market participants caught their breath at the end of a week loaded with central bank policy decisions and crucial economic data.

Stock markets are higher almost everywhere over the past day, especially in the USA, where data later today is expected to show annualized inflation continuing to fall.

5 things to know before the stock market opens Thursday

Dollar extends recovery ahead of important data

According to a statement Suncorp made to the Australian Securities Exchange (ASX) on Tuesday, Clive van Horen, the chief executive of Suncorp’s banking division, will…