Asian markets followed Wall Street’s downward trend as investors grappled with the likelihood of continued high Treasury yields and dimming prospects for U.S. interest rate cuts. Wall Street’s recent sell-off was a reaction to strong economic data and Federal Reserve officials’ comments suggesting a pause in rate cuts. The market’s attention is now fixated on… Continue reading Nasdaq Surges to Record High as ConocoPhillips Plans Marathon Oil Acquisition Amid Rate Cut Speculations
Category: Finance
Market Caution Prevails as Gold Retreats Amid Strong Dollar and Rising Yields
In the face of impending US inflation data, global markets have adopted a cautious demeanor, with significant indices across Asia and Europe retreating. The Nikkei 225 in Japan, the DAX in Germany, and the FTSE 100 and CAC 40 in the UK and France, respectively, have all registered losses. The US dollar has surged, bolstered… Continue reading Market Caution Prevails as Gold Retreats Amid Strong Dollar and Rising Yields