MARKETS Wall Street’s major indexes blew hot and cold on Tuesday but ultimately climbed the wall of worry. to finish in the green as the short-covering rally rolled on.
Admittedly, savings reserves are dwindling, and there are many concerns to fret over, like the dysfunction in DC, lingering inflation concerns and the long shadow of war. However, as long as businesses continue to hire, demand remains robust, with the resilient labour market playing a significant role. Until a disruptor emerges to break this self-sustaining cycle, it might be more enlightening to observe consumers’ actions rather than heeding their words.
USD/CAD sits near one-year high, eyes 1.3900 ahead of the FOMC decisionThe USD/CAD pair attracts some dip-buying during the Asian session on Wednesday and inches back closer to its highest level since October 2022 touched the previous day. Read more ⮕
Asia markets mixed ahead of Japan’s BOJ decision and South Korea inflation this weekAsian markets are mixed as investors brace for key economic data later this week, including purchasing managers index from around the region Read more ⮕
Asia markets gain ahead of Fed decisionAsia markets eyed a higher open with investors eying a key policy decision by the U.S. Federal Reserve. Read more ⮕
Asia markets gain ahead of manufacturing data, Fed decisionAsia markets eyed a higher open with investors eying a key policy decision by the U.S. Federal Reserve. Read more ⮕
Asia markets poised for mixed session ahead of Bank of Japan decisionAsia-Pacific markets were mixed ahead of a monetary policy decision by the Bank of Japan, and economic data through the region. Read more ⮕
Asia markets poised for mixed session ahead of Bank of Japan decisionAsia-Pacific markets were mixed ahead of a monetary policy decision by the Bank of Japan, and economic data through the region. Read more ⮕
