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    31 May 2023
    Wall Street Weighs Debt Ceiling Deal and Fed Rate Hike Concerns Amidst Dow Jones Decline

    On Tuesday, the Dow Jones Industrial Average experienced a decline as investors considered the prospects of Congress passing a tentative deal to raise the U.S. debt ceiling. The index closed down 50.56 points or 0.15% at 33,042.78. Meanwhile, the S&P …

    30 May 2023
    US Debt Ceiling Agreement Reached, Earnings Reports Awaited

    On Monday, the U.K. markets were closed for a bank holiday, while U.S. markets were closed for Memorial Day. European stocks had a turbulent week, with the Stoxx 600 index hitting an eight-week low but recovering some losses on Friday …

    29 May 2023
    Week Ahead: Markets to Focus on US Jobs Report and Canada Gross Domestic Product

    This week’s key economic indicators, including the US Jobs Report and Canada’s Gross Domestic Product, are in the spotlight for the financial sector. These fundamental reports are crucial for traders to navigate the markets and make informed decisions. Stay tuned …

    26 May 2023
    Tech Stocks Surge as Nvidia’s Strong Results Ignite Investor Enthusiasm Amid U.S. Debt Ceiling Talks

    On Thursday, the S&P 500 and Nasdaq Composite experienced gains driven by positive quarterly results from Nvidia, leading to a surge in technology stocks. The Nasdaq rose by 1.71% to close at 12,698.09, while the S&P 500 increased by 0.88% …

    25 May 2023
    Dow Jones Falls as Debt Ceiling Concerns Mount

    The Dow Jones Industrial Average extended its decline for the fourth consecutive day amidst mounting concerns over a potential default as U.S. lawmakers struggled to reach an agreement on the country’s debt ceiling. The Dow dropped 255.59 points, or 0.77%, …

    24 May 2023
    Stocks Slide as Debt Ceiling Negotiations Show Little Progress

    Stocks experienced a decline on Tuesday as discussions regarding the debt ceiling continued with minimal signs of advancement. The S&P 500 dropped 1.12% to settle at 4,145.58, while the Nasdaq Composite pulled back 1.26% to close at 12,560.25. The Dow …

    22 May 2023
    Week ahead: All Eyes on RBNZ Rate Statement and FOMC Meeting Minutes

    The financial sector is poised to closely monitor significant economic releases this week, with particular attention on RBNZ Rate Statement and FOMC Meeting Minutes. These essential reports play a critical role in guiding traders through the markets and enabling them …

    19 May 2023
    Stock Market Soars on Debt Ceiling Optimism and Strong Earnings: S&P 500 and Nasdaq Reach Yearly Highs

    On Thursday, the S&P 500 and Nasdaq Composite surged to their highest closing levels since August 2022, driven by ongoing debt ceiling negotiations. The S&P 500 rose by 0.94% to reach 4,198.05, while the Dow Jones Industrial Average ended the …

    18 May 2023
    Market Outlook – Interesting week ahead for Australia, New Zealand, and Canada
    18 May 2023
    Stocks Rise as Hope Grows for U.S. Debt Ceiling Deal, Averting Default

    Stocks experienced a positive surge as investors remained hopeful that an agreement on the U.S. debt ceiling could be reached between congressional leaders and President Joe Biden, thereby averting a catastrophic default. The Dow Jones Industrial Average rose by 408.63 …