Tag Archives: Daily Market Analysis
of Market Insights
Wall Street Rally Boosts Asian Equities
Markets now hang in balance with the future of First Republic Bank on contagion concerns Wall Street’s gained at the end of last week as investors waited for news on a bid for First Republic Bank. Japanese and Australian stocks edged higher, while U.S. futures were broadly flat in early Asian trading after the S&PContinue Reading
Nasdaq Leads Wall Street Rally as US Tech Earnings Shine
The tech-heavy index is up over 2.7% on the day, with companies like Meta Platforms leading the rise Nasdaq led a Wall Street rally driven by robust earnings from US tech firms, despite concerns over US economic growth. Meta Platforms saw the biggest gains after forecasting quarterly revenue above estimates, citing AI’s impact on boostingContinue Reading
Euro Surges on Upward German Growth Forecast, ECB Hawkish Tone
The euro has received a boost from a combination of hawkish guidance from the ECB and positive economic data in the region The Euro stole the spotlight as it surged to a record high following Germany’s upward revision of its economic growth forecast for 2023. The move is reinforced by positive indicators, including increased industrialContinue Reading
