Yearly Archives: 2024
New Year, New Market: 2025 Expected For Quiet Start!

Written on December 27, 2024 at 2:32 am, by pumarketings
Thursday, 2 January 2025, 09:00 – US ISM Manufacturing PMI (Dec) The latest U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) for November 2024 was 48.4%, exceed market expectation of 47.7 and also up from 46.5% in October. This indicates a continued contraction in the manufacturing sector, though at a slower pace. The slight improvement inContinue Reading
Markets in Flux: Fed Signals, Geopolitical Tensions, and Oil Gains

Written on December 26, 2024 at 3:33 am, by pumarketings
Market Summary The Dollar Index held steady amid subdued holiday trading but maintained a positive trajectory, reflecting hawkish sentiment from the Federal Reserve. Fed officials signaled potential policy tightening in 2025, supported by a resilient economic recovery, keeping investors focused on upcoming US economic indicators for further direction. Gold prices consolidated near the critical supportContinue Reading
Merry Christmas, Everyone! Markets Stay Subdued Amid Holiday Cheer

Written on December 25, 2024 at 7:07 am, by pumarketings
Market Summary The Dollar Index remained flat as markets slowed down for Christmas, with limited economic data revealing continued contraction in the US manufacturing sector. Gold prices stayed stagnant during thin holiday trading, weighed down by the Fed’s cautious stance on reducing borrowing costs, keeping a bearish tone in the market. US equities closed higherContinue Reading