Existing-home sales in the United States fell 2.4% in April compared to March. Existing home prices jumped by 14.8% year over a year starting in April, the highest record in the last 3 years. Experts agree that high inflation pressure, high cost of materials, and supply chain issues have affected existing house sales in the […] More
The U.S might block Russian debt payments and the EU announced its $220 billion plan for the next five years. It’s been more than three months since Russia initiated its military operation in Ukraine, after rising tension between the two countries. The U.S. and its allies conduct a series of hard and unseen economic sanctions […] More
April retail sales rose by 0.9%, adding extra support to the U.S economy The wall street indexes close lower Tuesday as investors fear the long-term effect of the federal reserve tightening policy. The S&P and Nasdaq are heading for their seventh week of losses, making it one of the first quarter in stock market history. […] More
The global bond and equity markets fell as oil prices rose by 3% on average in the U.S. The bond and equity markets in the United States fell sharply on Monday following disappointing and alarming Chinese economic data. As it seems, the spread of COVID cases and the lockdown in China have affected several sectors […] More
The inflation data was a relief to traders and experts; the Federal Reserve might tame inflation without causing catastrophic job losses. Wall Street and global stocks bounced back higher by Friday evening, recording rises in both U.S. and European stocks. However, in the sense of recovery, it isn’t enough since global stocks are heading towards […] More
The monthly producer index fell from 1.6% to 0.5%, while 30-year Treasury yields reached their highest level since 2009. The continued increases in hot market prices and today’s data brought some positive news to the market. Despite being above experts’ forecasts but below last month’s rate, yesterday’s CPI reports were easing in some ways. Today, […] More
On a yearly basis, as of last month, the US CPI index rose by 8.3%, below the March CPI rate of 8.5%, and above the market expectation of 8.1%. After today’s inflation data, the Federal Reserve policymakers might give additional consideration to more aggressive hikes. The April inflation data confirms that inflation hasn’t peaked yet, […] More
Wall Street bounced back, but is it enough to cover this year’s selloffs? Wall Street bounced back on Tuesday morning at the same time that investors were waiting for this week’s key events. Wall Street indexes fell sharply this week and last, just two days after central banks raised interest rates by 50 basis points. […] More
The Wall Street index begins with significant losses, while the US dollar continues to be a safe haven for foreign traders. The S & P 500 index fell more than 3% on the first day of trading, reaching its lowest level since April 2021. The Nasdaq index is down by 4% and the Dow Jones […] More
Total nonfarm payroll employment increased by 428,000 in April, led by gains in leisure, hospitality, and manufacturing. The Dow fell further, and the S&P is down, with a tech stock leading losses amid fears of an early recession. Today’s top headline comes two days after the Federal Reserve increased its interest rates by 50 basis […] More
The U.S. 10-year Treasury yield rose by +6% as the market moves to close today’s catastrophic losses. Without a doubt, the Wall Street index is having one of its worst opening days since 2018, if not longer. The 10-year Treasury yield in the United States peaked at 3.094%. The big jump in bond treasuries was […] More
The Federal Reserve raised its interest rates by 50 basis points, the biggest jump in the last 22 years. A 50 basis point interest rate hike is now official, as expected by experts and economists, and as hinted by Federal Chairman Jerome Powel last month. Today, May the fourth, the Federal Reserve policymakers hiked their […] More