Investors Await Key Inflation Readings and Earnings Reports
Investors await key inflation readings and earnings reports due this week while surveys show that consumers are concerned about the inflation trend.
Daily Report | 14 May 2024
US stock indexes closed mixed on Monday (13/05/24) after the previous week closed with a third consecutive week of gains, with the S&P 500 yet to surpass its March record high as investors await key inflation readings and earnings reports due this week while surveys show that consumers are concerned about the inflation trend.
Weekly Report | 13 May 2024
Wall Street recorded its fourth consecutive weekly gain with gains ranging from 1-2%, supported by strong corporate quarterly earnings reports, amid signs of runaway Inflation dashing hopes of a faster interest rate cut.
US Dollar Menguat Tipis
The US Dollar turned slightly higher after investors assessed US consumer sentiment readings and sifted through comments from Fed officials. The University of Michigan’s preliminary reading of consumer sentiment came in at 67.4 for May, a six-month low and below the 76.0 estimate of economists polled by Reuters.
Daily Report | 13 May 2024
A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing U.S. economic growth. European shares posted their biggest weekly gain since late January, with the pan-regional STOXX 600 index rising for a sixth straight session, while the FTSE 100 in London hit yet another record high.
Procedures for Closing Customer Accounts
Procedures for Closing Customer Accounts
US10YT is in The Support Area of The Uptrend Channel Around 4.40% Yield
The US Treasury yields, after Fed officials have been fairly consistent in their remarks in recent weeks that a rate cut is likely but the central bank will be cautious in implementing it.
Daily Report | 8 May 2024
The S&P 500 and the Dow Jones Industrial Average both maintained gains and ended marginally higher on Tuesday, extending recent back-to-back bullish swings triggered by renewed hopes that the Federal Reserve will cut interest rates this year.
US10YT Has Been Predicted Yesterday to Head Towards The Support Lower Channel
Warren Buffett’s Berkshire Hathaway B rose 1% after reporting quarterly results at the weekend that reported a 40% jump in Q1 operating profit from a year earlier.
