Monthly Archives: October 2024
41654156156Wall Street Bullish as Market Confidence on Earnings Performance
Written on October 15, 2024 at 5:39 am, by pumarketings
Market Summary Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season. Investors remain optimistic about corporate performance, fueling the ongoing rally. In contrast, the Chinese stock market struggled to find direction, with sentiment dampened by aContinue Reading
Kiwi Slips As China Data, US Dollar Weigh
Written on October 15, 2024 at 2:06 am, by pumarketings
Fundamental Analysis * Weak Kiwi: The New Zealand Dollar continues to weaken against the U.S. Dollar, facing pressure from deflation concerns in its largest trading partner, China. Uncertainty around Beijing’s economic stimulus plans has raised doubts about future demand. On Sunday, China’s National Bureau of Statistics reported that the country’s monthly Consumer Price Index (CPI)Continue Reading
Dollar Holds Firm, But Will the Strength Persist?
Written on October 14, 2024 at 3:48 am, by pumarketings
Market Summary The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts. Investors are now awaiting retail sales data and earnings reports for furtherContinue Reading
