S&P 500 Index to Include EPAM Systems. KSU Drops Out
(NASDAQ) EPAM Systems Inc. is set to join the S&P 500 index on Tuesday, December 14, to fill a void left by departing Kansas City Southern. The exit of KSU…
Market Analysis: USDCAD Bulls Shrug Firmer Oil Prices as Gold Remains Pressured Below $1750
US dollar strength persists on rising yields.USDCAD shrugs off rising oil prices to rally.AUDJPY retreats on AUD weakness.Gold under pressure below $1750.US equities struggling for direction.Bitcoin and Ethereum sell-off resumes. …
Market Analysis: GBPUSD A Bounce Back Play as Oil Rally Persists
US dollar softness persists, sending majors higher.GBPUSD trying to bounce back.USDINR sell-off persists as Rupee strengthens.Oil prices edge higher on strong demand.US equity bounce back continues after sell-off.Bitcoin and Ethereum…
The Outlook on Nasdaq: Will the Heavy Techs Outperform S&P 500 in the Near Term?
As the governments across the globe enforced lockdowns to curb the Covid-19 pandemic, people were forced to sit at home. One major group of beneficiaries of this pandemic have been…
Slump in Tech Stocks Pull S&P 500: NASDAQ Down, Bond Yields Rise
The S&P 500 fell 1.3% to 3,819.72 as tech stocks took a hit on Wednesday despite the names tied to economic recovery providing some support. Nasdaq Composite shed 2.7% to…
U.S. Private Sector Employment Gained 365,000 Jobs in October, Report Reveals
The U.S. nonfarm private sector employment rose by 365,000 jobs from September to October, down from expected 650,000, according to ADP Research Institute’s press release. Employment gains were recorded across…
Biden and Trump have Pathways to the 270 Electoral Votes Thresholds. What to expect?
U.S. presidential election results are trickling in, and there is a possibility that neither candidate reaches the 270 electoral votes required to win by the end of the election night,…
The U.S. Senate Could Matter More for Markets than the President
Analysts believe that the Senate will be more important in determining the winners and losers in markets given its ability to advance or block the next president’s agenda, according to…
The Invitation From S&P 500 and DAX
Last week the markets’ sentiment was shifting towards risk aversion. The risk assets across the board have declined and approached the significant price levels. The US and European indices currently…
U.S. GDP and Personal Consumption Rise in Q3, but Personal Income Falls
U.S. Real Gross Domestic Production rose at an annual rate of 33.1% in Q3 2020, above an estimated 31.0%, offsetting Q2 2020 declines of 31.4%, according to the Bureau of…
U.S. Initial and Continuing Jobless Claims Fall below Expectations
U.S. initial jobless claims for the week ending October 24 was 751,000, a 40,000 fall from the previous week's revised level, and below expected 770,000, according to the Department of…
U.S. Consumer Confidence Index falls in October 2020
The U.S. Consumer Confidence Index in October was 100.9, down from September’s 101.3 and below expected 102.0, according to the CEIC press release. The fall in consumer confidence reflects low…