Investors looking to start their trading day need to pay attention to the most critical news items. The S&P 500 and Nasdaq Composite snapped their longest streaks in two years on Thursday, falling 0.8% and 0.9% respectively. The Dow Jones Industrial Average also saw a decline of nearly 0.7%. Heading into the final trading session,…
South Korea Stocks Surge as Short Selling Ban is Re-Imposed, Asia-Pacific Markets Respond to Soft U.S. Jobs Report South Korea’s stock market experienced a significant surge on Monday after the country re-imposed a ban on short selling. This move by financial authorities in South Korea comes in an effort to stabilize the market. Short selling,…
The ongoing conflict between Israel and Hamas could have significant economic consequences for the euro zone, warns Goldman Sachs. In a research note, Europe Economics Analyst Katya Vashkinskaya highlighted that the hostilities could impact European economies through lower regional trade, tighter financial conditions, higher energy prices, and lower consumer confidence. Concerns are growing among economists…
Pakistani Rupee Emerges as Top Performing Currency, Analysts Predict Further Strengthening The Pakistani rupee has made a remarkable recovery, bouncing back from an all-time low and emerging as the world’s best performing currency. According to data from LSEG, the currency hit a record low of 307 rupees against the US dollar in early September. However,…
Top economists and central bankers agree that interest rates will remain higher for a longer period, creating uncertainty in global markets. Central banks worldwide have been aggressively raising interest rates in an attempt to curb rising inflation, although the results have varied. The US Federal Reserve, after pausing its rate hikes in September, had increased…
