Monthly Archives: July 2024
Wall Street Rally As Risk Appetite Improve
Written on July 23, 2024 at 5:33 am, by 王建军
Market Summary Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today. Mitigated U.S. political uncertainty and renewed confidence in the U.S. economy, especially if Donald Trump is re-elected in the upcoming presidential election, have bolstered the equity market’s upward momentum. In the forexContinue Reading
Biden’s Election Withdrawal Bolstering Dollar?
Written on July 22, 2024 at 5:22 am, by 王建军
Market Summary Biden’s withdrawal from the upcoming U.S. presidential election has thrown a stun grenade into the market, with most asset classes standing pat as investors digest the event. The dollar remains poised at its high from last Friday, with expectations of strengthening as Trump’s advocacy may favor the greenback. Meanwhile, the U.S. equity marketContinue Reading
Wall Street Faces Headwind And Plummet
Written on July 19, 2024 at 5:30 am, by 王建军
Market Summary The U.S. job data released yesterday bolstered speculation of a September Fed rate cut. Initial Jobless Claims saw the biggest increase since May, suggesting the labor market in the U.S. is easing, and inflation is cooling as a result. Despite this, the dollar took a breather from its downtrend and found footing nearContinue Reading
