Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh    Saudi delegation participates in the 7th U20 Deans Summit in Brazil    Al-Jubeir discusses with EU officials enhancing bilateral cooperation    GASTAT: Non-oil exports up 22.8% in September 2024    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Saudi Arabia allows licensed flour milling companies to export flour    Saudi Arabia joins international partnership initiative to boost hydrogen economy    Israeli drones kill two paramedics, injure four in southern Lebanon    Trump's new attorney general nominee sparks concerns over DOJ independence    Australia drops proposed laws to regulate social media misinformation    Six Palestinians killed in Israeli airstrikes on central Gaza    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    

Articles of the author Ipek Ozkardeskaya
Inflation matters, but Fed policy matters more.
GENEVA — Fear of seeing a high inflation print today has been a nightmare for the tech stocks since the beginning of the week. Technology stocks are under a decent selling pressure, even though Nasdaq could recover some 2% of earlier losses to close (...)

13 - 05 - 2021
Strong economic data boosts appetite, but Coinbase struggles
GENEVA — The Chinese GDP grew at a record pace in the first quarter, +18.3% from 6.5% printed a quarter earlier. The Chinese growth figure could be seen as a rebound ball after the pandemic-hit economy recovers quickly toward normal activity (...)

17 - 04 - 2021
Bitcoin hits record on rising excitement before the Coinbase IPO
GENEVA — The US inflation jumped to 2.6% year-on-year in March, slightly higher than 2.5% penciled by analysts, and the halt in Johnson & Johnson's vaccine pulled away the attention from rising consumer prices to an endless pandemic that boosted to (...)

14 - 04 - 2021
US inflation to spur Fed hawks, Bitcoin aims record
GENEVA — Bitcoin could renew record ahead of Wednesday's much-expected Coinbase IPO, as a good debut for Coinbase in Nasdaq will mark the first official juncture between the traditional financial avenue and the alternative crypto path. As such, a (...)

13 - 04 - 2021
Investors remain motivated on stimulus hope
GENEVA — The week started on positive note in Asia, as Friday's soft US data spurred expectation that Joe Biden's $1.9 trillion fiscal aid package could soon hit the street without the Republican approval. Last week's jobs data was a mixed bag. The (...)

08 - 02 - 2021
It takes an army to fight back Wall Street
Major stock indices brushed off last week's pessimism and recorded a strong rebound on Monday. In the dearth of a plausible explanation, Monday's stock rally was put on the back of investors getting comfortable with the idea that the short squeeze (...)

02 - 02 - 2021
New week, new target for the retail short-squeeze army
On Sunday, silver coins and bars were taken by assault; outlets were unable to process orders until markets opened in Asia. Silver jumpstarted the week hitting $29 an ounce, as pajama traders piled into the metal they considered undervalued in a (...)

01 - 02 - 2021
Dovish Fed backs global stock rally; dollar tanks
GENEVA — The Federal Reserve (Fed) Chair Jerome Powell brought a new policy approach on the table at Thursday's Jackson Hole meeting, tweaking the Fed's inflation target from 2% to ‘2% over time' as expected. The latter change will allow the Fed to (...)

28 - 08 - 2020
US indices at new highs, dollar soft before Powell's speech
GENEVA — Hurricane Laura could be the worst to hit the Texas-Louisiana border in the last 160 years, but the oil market remains surprisingly calm faced with a potentially meaningful supply disruption in the US south coast. If a hurricane cannot give (...)

27 - 08 - 2020
SPX, Nasdaq renew record; gold down
GENEVA — The S&P500 (+0.36%) and Nasdaq (+0.76%) advanced to new records on Tuesday, as investors continued betting on accommodative Federal Reserve (Fed) policy to redress the US economy that has been ravaged by the pandemic, but Fed Chair Powell's (...)

26 - 08 - 2020
Money moves to HK; Lira buyers unconvinced by news of Black Sea oil
GENEVA — Asian markets opened the week on a slightly upbeat note following a positive close in the US on Friday. Stocks in Sydney (+0.14%) and Tokyo (+0.05%) were flat, and the Hang Seng (+1.84%) led gains as investors swapped their US-listed (...)

24 - 08 - 2020
Nasdaq renews record; pound up on encouraging data
GENEVA — US equity indices edged higher, as Nasdaq (+1.06%) rallied to a new record on Thursday, on concerns that the COVID-19 environment would last longer and maintain the strong demand in tech and online services. China's e-commerce giant Alibaba (...)

21 - 08 - 2020
Equities slip, dollar gains post-FOMC minutes
GENEVA — The S&P500 (-0.44%) came off from its record highs following the Federal Reserve's (Fed) reluctance to offer more guidance immediately. The minutes of the FOMC's last meeting proved to be slightly less dovish than previously as policymakers (...)

20 - 08 - 2020
S&P500 breaks record, UK inflation jumps to 1%
GENEVA — The S&P500 (+0.23%) finally closed above its February, and all-time high. This was the fastest rebound from a bear market after the pandemic-induced sell-off erased more than 20% of its value in the first quarter of the year. Nasdaq closed (...)

19 - 08 - 2020
USD at two-year low on weak data, US-China tensions ramp up
GENEVA — The US dollar sank to a two-year low after the Empire Manufacturing index warned that the business conditions in the US deteriorated significantly more than expected in August, with the headline figure showing a decline to 3.7 from 17.2 (...)

18 - 08 - 2020
Not enough demand for US 30y bond; markets mixed
GENEVA — US equities edged lower, except for technology stocks as standstill fiscal talks in the US limited the appetite for more equity purchases as the major US indices fluctuated near their all-time highs. The treasury yields rose after the (...)

14 - 08 - 2020
S&P500 flirts with record highs, gold rebounds
GENEVA — The downside correction in US technology stocks didn't last long. Nasdaq rebounded more than 2% on Wednesday, and the S&P500 (+1.40%) traded above the all-time closing high completing a full circle to return to its pre-COVID levels. Apple (...)

13 - 08 - 2020
Gold smashed on massive profit taking
GENEVA — US stocks sold sharply into the closing bell on stalling fiscal stimulus discussions in the US. Broad profit taking on tech stocks sent Nasdaq 1.69% down on Tuesday, but utilities and real estate led losses in New York on mounting worries (...)

12 - 08 - 2020
Sterling firm on encouraging jobs, retail sales data
GENEVA — European markets opened the week on a neutral note, the US' blue-chip stocks gained on Monday, while tech giants retreated with the exception of Apple shares. Investors moved capital to industrial stocks. Oil edged higher and Asian stock (...)

11 - 08 - 2020
Lingering US fiscal talks, rising COVID cases, US-China trade review
GENEVA — Asian equity indices kicked off the week on a mixed note, as US stock futures recovered after a dip at the open. Stocks in Sydney (+1.68%), Seoul (+1.43%) and Shanghai (+0.42%) gained, but the Hang Seng (-0.36%) slid. Tokyo was closed due (...)

10 - 08 - 2020
Asian equities fall as US extends attack on Chinese tech; gold renews record
GENEVA — US equity indices gained for the fifth day on hope that an additional fiscal stimulus package would soon be signed, or extra measures including enhanced benefit payments, payroll-tax holiday and student loan repayment relief would be forced (...)

07 - 08 - 2020
US fiscal talks progress, US attack on Chinese apps goes beyond TikTok
GENEVA — US stocks extended gains as investors saw progress on negotiations for the US's next fiscal stimulus package as White House made some concessions to end the deadlock, although Democrats ask for more. A deal is not reached yet, but House (...)

06 - 08 - 2020
Sentiment mixed on lingering US fiscal talks, Beirut explosion as gold moves past $2,022
GENEVA — US stocks posted modest gains and equities in Asia lacked direction, as better-than-expected US factory orders didn't better the mood in the absence of an agreement for more US fiscal stimulus and rumors that the US and China will review (...)

05 - 08 - 2020
Equities rise on good economic data, Nasdaq renews record
GENEVA — US and European stock markets advanced on the back of promising economic data on Monday. Technology stocks led gains. The DAX rallied 2.71% and Nasdaq (+1.47%) renewed record as investors continued piling into technology stocks favorable (...)

04 - 08 - 2020
China manufacturing PMI at record, equities mixed
GENEVA — Equities in Tokyo (+2.10%) and Shanghai (+1.08%) kicked off the week on a positive note on the back of promising economic data. The Japanese GDP printed 2.2% y-o-y contraction in the second quarter versus -4.4% expected by analysts and the (...)

03 - 08 - 2020
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