Stocks News

Powell emphasized US resilience, suggesting higher rates are possible; Harker and Mester hinted at 2023 monetary policy adjustments amid inflation.

Initial claims fell to 230,000, the 4-week average rose, durable goods orders decreased by 5.2%, with transportation diving 14.3%.

Nvidia’s Q2 earnings excel with data center growth at 171% annually, anticipating a bullish Q3 revenue of $16 billion.

BRICS’ growth challenges US dollar’s dominance, potentially boosting gold demand, and reshaping global financial dynamics.

July 2023 U.S. retail sales grew 0.7%, outpacing the 0.4% forecast, underscoring a bullish market sentiment.

It was a busy week for the crypto market. While US inflation figures drew interest, the SEC cases against Ripple and Coinbase and ETF news also influenced.

U.S. July’s PPI rose 0.3% after June’s flat performance, surpassing the 0.2% estimate.

Shelter drove 90% of inflation, while excluding food and energy, rates grew 0.2%; the all-items index rose 3.2% annually, signaling bullish trends.

In July, the US economy’s job growth fell short of expectations, though average hourly earnings rose as unemployment dipped.

Inflation showed further signs of cooling in June, according to the PCE gauge released Friday that the Federal Reserve follows closely.

Economic resilience and strong job market support a soft-landing outlook, but wage inflation remains a concern allowing Powell to remain hawkish.

U.S. home prices surge in May with all 20 major metro markets reporting gains for the third consecutive month of positive growth.

Germany’s economy contracts as manufacturing, services slump in July; HCOB Flash Germany Composite PMI Output Index Drops below 50.

Big Tech giants Alphabet, Microsoft, and Amazon.com draw anticipation with focus on AI and cloud division performances.

It was a busy week for the crypto market, with SEC and US lawmakers grabbing the headlines as the markets consider the post-ruling outlook.

Mixed signals in June housing market: decline in permits, modest increase in single-family authorizations, notable decline in housing starts.

U.S. retail sales in June 2023 saw a modest 0.2% increase, falling short of the estimated 0.5% growth.

Mixed results as New York manufacturing held steady in July, with moderating prices and small employment gains.

Forward financial forecasting trumps backward-looking earnings, providing a more accurate assessment.

June saw a modest growth in the Producer Price Index (PPI) for final demand, signaling positive market trends.