Monthly Archives: October 2024
Wall Street Bullish as Market Confidence on Earnings Performance
Written on October 15, 2024 at 5:39 am, by pumarketings
Market Summary Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season. Investors remain optimistic about corporate performance, fueling the ongoing rally. In contrast, the Chinese stock market struggled to find direction, with sentiment dampened by aContinue Reading
Dollar Holds Firm, But Will the Strength Persist?
Written on October 14, 2024 at 3:48 am, by pumarketings
Market Summary The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts. Investors are now awaiting retail sales data and earnings reports for furtherContinue Reading
Oil Prices Surge on Heightened Geopolitical Tension
Written on October 11, 2024 at 5:40 am, by pumarketings
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to globalContinue Reading
