Author - Craig Foley
09Dec

Continuing jobless claims catalyst for market bounce, Investor attention on next week’s Fed meeting

09 Dec 2022 - Stocks rose Thursday as the S&P 500 attempted to crack a five-day losing streak and Wall Street evaluated the odds of a recession ahead. Despite the gains, stocks are on pace for a losing week. There’s been a strong selloff over the last few days and it doesn’t take much to create even the underpinnings for a modest rally. Thursday’s continuing jobless claims the likely catalyst for the market bounce.

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08Dec

China eases COVID restrictions as markets await further economic data

08 Dec 2022 - Stocks fell in a choppy session Wednesday as traders weighed the possibility of a recession, and the likelihood of a longer-than-expected hiking cycle from the Federal Reserve. Investors await more economic data this week with jobless claims data due out Thursday, and November’s producer price index and preliminary consumer sentiment data for December out on Friday.

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07Dec

Markets tumble as Biden’s Inflation Reduction Act shakes up global EV industry

07 Dec 2022 - Stocks tumbled Tuesday, building on the previous session’s losses, as fears of a recession gripped Wall Street. In Europe there is growing frustration over the Biden administration’s Inflation Reduction Act, with opposition to the sweeping climate and economic bill. The concern is that US companies now have an unfair advantage.

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06Dec

Hotter than expected US data fuels rate concerns: Oil price becoming a geopolitical football

06 Dec 2022 - Stocks fell Monday on fears that the Federal Reserve may continue tightening until it steers the economy into a recession. While the war in Ukraine grinds on, Western countries have been debating how to curb Russia’s oil revenue without causing massive disruptions to energy markets. They think they landed on an innovative solution: starting last Friday the G7 and Australia will apply a price cap of $60/barrel on Russian oil.

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05Dec

US labour data resilient, as consumers spend their savings to fight inflation

05 Dec 2022 - Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labour data to the upcoming Federal Reserve meeting. And it appears consumers are spending their savings to stay ahead of inflation. Data released by the Bureau of Economic Analysis released last week shows that the U.S. personal saving rate dropped in October to 2.3%.

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