The S&P 500 saw a slight rise on Wednesday, propelled by a string of positive economic data that has boosted investor sentiment as the year comes to a close. While the Dow gained a mere 9 points (0.03%), the S&P 500 saw a 0.11% increase, and the Nasdaq Composite performed even better with a 0.35%
World
In response to a series of attacks by Houthi militants from Yemen, Danish shipping giant Maersk has confirmed that its vessels will now take the Cape of Good Hope route around the south of Africa instead of transiting through the Red Sea and Gulf of Aden. This decision comes after a temporary pause on travel
A recent statement from a Federal Reserve official has brought attention to the market’s potential misunderstanding of the central bank’s intended message. Last week, the Fed voted to maintain interest rates at their current levels, and its updated projections indicated an expectation of three rate cuts in 2024. However, the market responded with a significant
In a relentless escalation of tension and hostility, Russia and Ukraine have reportedly engaged in mass drone attacks on each other’s territories for two consecutive days. These drone attacks have resulted in significant damage to military equipment and civilian casualties. The constant drone surveillance and targeted strikes have further intensified the ongoing conflict between the
In a recent display of military prowess and commitment to maritime security, a U.S. warship effectively intercepted and destroyed 14 suspected attack drones over the Red Sea. Simultaneously, a Royal Navy destroyer also successfully downed a drone that posed a threat to commercial ships. These actions were conducted amidst rising tensions in the region, particularly
China’s industrial output expanded at the fastest pace since February 2022 in November, indicating signs of recovery. However, the growth in retail sales fell short of expectations, suggesting a patchy and uncertain economic rebound for the world’s second-largest economy. As economists approach the China data with caution due to the low base effect, it becomes
The Bank of England (BOE) has announced its decision to maintain its main interest rate at 5.25%. The Monetary Policy Committee (MPC) voted 6-3 in favor of holding rates steady for a third consecutive meeting. This decision comes despite the United Kingdom seeing a decline in headline inflation to 4.6% in October, its lowest point
In a much-anticipated move, the Federal Reserve announced on Wednesday that it will be keeping its key interest rate steady for the third consecutive time. The decision came as no surprise to the markets, which had widely anticipated this outcome. With the inflation rate easing and the economy holding steady, policymakers on the Federal Open
India’s stock market has achieved a significant milestone, surpassing Hong Kong to become the seventh largest stock market in the world. This achievement reflects growing optimism about India’s economic prospects and signals a shift in the global investment landscape. As of the end of November, the National Stock Exchange of India recorded a total market
The current state of the U.S. economy has left many market players perplexed, with conflicting signals and opposing narratives regarding the likelihood of a recession. Hedge fund manager David Neuhauser believes that someone in this scenario has gotten it wrong. As the CIO of Livermore Partners, he has closely observed the market dynamics and asserts