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20Dec

Markets fall on recession fears as Musk votes himself out of Twitter

20 Dec 2022 - Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. The Federal Reserve, European Central Bank and the Bank of England each pushed interest rates higher by ½ of 1 percent last week, a step down in the previous pace of increases. However, they stood firm on their plans to continue their attempts to slow rising prices, with the ECB saying “inflation remains far too high”. Their...

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19Dec

Persistent wage inflation sparks fears of recession

19 Dec 2022 - Stocks dropped Friday, building on their year-end sell-off, as fears grow over a recession taking place as the Federal Reserve continues raising rates. Market observers are now focused on future jobs reports into 2023 , as the labour market has grown in significance following Federal Reserve Chair Jerome Powell’s most recent press conference. The Fed chair cited the persistence of wage inflation, even as inflation in goods and shelter appear to be slowing down.

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15Dec

Markets slid as Rio Tinto targets lithium

15 Dec 2022 - Stocks slid Wednesday as the Fed delivered a widely-anticipated 50 basis point rate hike at the conclusion of its December policy meeting. And Tesla shareholders are becoming increasingly worried that Musk is too distracted by his work at Twitter. The electric carmaker’s stock is down 52 percent this year.

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14Dec

Falling inflation data supports market rally

14 Dec 2022 - Stocks rose Tuesday after the release of new US inflation data, while traders awaited a key Federal Reserve policy decision. Overnight US consumer price inflation eased more than expected in November to its lowest level in almost a year.

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12Dec

Stocks lower as retail investors suffer heavy losses in 2022

12 Dec 2022 - Stocks finished lower Friday, with all the major averages posting losses for the week as worries persisted over continued rate hikes. Bloomberg has reported that Investment portfolios owned by individual investors have lost a combined $350 billion this year. The average retail trader’s portfolio is down 30% in 2022, compared to the S&P’s 17% loss - some estimates put the damage as even worse than that - JPMorgan calculates that retail traders are down 38%...

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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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