The major US indices have continued their runs to the upside as the fears of a government shutdown fades, and comforting words from Fed Goolsbee (he is a dove). Looking at the major indices: Dow industrial average is not 512 points or 1.21% and 42856.45. S&P index is up 68.52 points or 1.17% and 5935.56. NASDAQ index is up…
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Mike Johnson and Hakeem Jeffries Congressional Republicans are in a real jam. They need to either make a deal with Democrats (or at least a few dozen of them) to pass a bi-partisan continuing resolution and defy Trump; or they need to follow Trump’s instructions, shut down the government and hope the Democrats (and some members of their own…
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It was looking like a brutal day for European stocks but there has been a major turn in markets following the better PCE report and dip-buying ahead of a potential US government deal/ Closing changes on the day: Stoxx 600 -0.8% German DAX -0.3% France CAC -0.1% UK FTSE 100 -0.2% Spain IBEX +0.4% Italy’s FTSE MIB -0.1% On…
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CNN’s Sahil Kapur reports on a new plan to vote on three separate bills in Congress: Clean continuing resolution Disaster relief Agriculture/farmer aid The key here is what’s in the continuing resolution and how long it will prevent a government shutdown for? Whatever the details, the market is spiking higher today with the S&P 500 now up 1.8%. There…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
