Monthly Archives: August 2024
Nasdaq Bullish, Encourage by Upbeat U.S. Job Data
Written on August 9, 2024 at 6:01 am, by
Market Summary The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday’s disappointing NFP report. Wall Street benefited from the improved risk appetite, withContinue Reading
Nasdaq Bullish, Encourage by Upbeat U.S. Job Data
Written on August 9, 2024 at 6:00 am, by
Market Summary The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday’s disappointing NFP report. Wall Street benefited from the improved risk appetite, withContinue Reading
Oil Prices Surge on Libya Oil Production Close-down
Written on August 9, 2024 at 5:58 am, by
Market Summary The U.S. dollar remains stable amidst significant market volatility this week. The low NFP reading from last Friday has cast a shadow over the economic outlook, and the Yen carry trade situation may worsen if the BoJ continues to tighten its monetary policy. Traders are closely watching today’s U.S. job data, including initialContinue Reading
