Good Friday is next week and the markets will be closed as usual. What is unusual, however, is that the U.S. And with financial exchanges closing in some other parts of the world, the government is preparing to release a major report on employment amid the epidemic. Why is the …
Read More »The housing market is already on fire, and inflation will follow soon, argues former Morgan Stanley economist
The bond market has stabilized after a massive sell-off, and the stock has been relieved. Technically dominated Nasdaq Composite COMP Over the last nine seasons and Russell has advanced to 2000 Root U.S. After the election, the small-cap index gained 2.8% to reach 2.35%. Will peace continue? Manoj Pradhan, former …
Read More »Turkish lira sinks after Erdogan head of central-bank
Following the sudden ouster of the central-bank governor last week, Turkey’s currency fell nearly 8% on Monday, setting the course for its biggest single-day selloff since 2018. According to Factset, the lira touched a low of 2 8,280 compared to 2 7,219. Turkish stock also sank. The uproar erupted after …
Read More »Federal Reserve to end emergency capital relief for large banks
WASHINGTON – The Federal Reserve said Friday it would allow ultrasef assets such as Treasury Securities to recreate large bank accounts for up to a year at the end of the month, hurting Wall Street companies that pushed for expansion. Relief. The decision means that banks will temporarily lose the …
Read More »Stock Futures Edge Lower After Dow Milestone
A day after the Dow Jones Industrial Average closed above 1,000,000 for the first time, U.S. investors clashed with investors selling government bonds and high-value technology stocks. Stock futures are down. S&P 500 futures fell 0.4% after the broad market gauge hit an all-time high on Wednesday. The Nasdaq 100 …
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