Global equities on Wall Street experienced a mixed session following the Thanksgiving holiday, heading for the most significant one-month rally since November 2020. MSCI's global shares index slightly eased but was still on track for an 8.5% monthly gain, fueled by growing investor confidence that U.S. interest rates...
British Pound Skyrockets Despite Fears
2020-09-28 • Updated
Midday Market View
European stock markets traded strongly higher Monday, helped by positive Chinese data, while M&A deals suggested returning confidence to the corporate sector. Data over the weekend showed an increase in profits at China’s industrial companies for the fourth consecutive month in August, suggesting that the economic recovery in the second-largest economy in the world was well entrenched.
Midday Key Point
- Japan plans to begin lifting travel warnings starting from October
- Gold continues to stutter to start the new week
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...