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US stocks lower with the Nasdaq the worst performer

US stocks lower with the Nasdaq the worst performer

The US major indices are all lower at the open with the NASDAQ leading the way to the downside:a snapshot of market currently shows:Dow industrial average down -86 72 points or -0.20% at 42844.88S&P index down -26.09 points or -0.45% at 5827.89NASDAQ index down...

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ECB’s Nagel says a dot plot system is not desirable

ECB’s Nagel says a dot plot system is not desirable

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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IMF boosts US growth forecasts, trims China and Germany

IMF boosts US growth forecasts, trims China and Germany

Global growth 3.2% vs 3.2% in July forecast US growth seen at 2.3% for 2024 vs 2.6% in JulyUS 2025 growth seen at 2.2% for 2025 vs 1.9% in July China growth at 4.8% for 2024 vs 5.0% in JulyEuro Zone growth at 0.8% for 2024 vs 0.9% in July, 1.2% for 2025 vs 1.5% in...

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Aventus Network Confirms Launch of Aventus 2.0

Aventus Network Confirms Launch of Aventus 2.0

Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0, an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture. The update...

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Maximize Trading opportunities with market insights

Maximize Trading opportunities with market insights

The forex markets are showing ups and downs after the USD moved higher yesterday helped by rising interest rates . Currently rates are of modestly higher the front end and down modestly near the end of the yield curve. US stocks are lower as geopolitical risks of...

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Stocks dribble lower in European morning trade

Stocks dribble lower in European morning trade

European indices are also all in negative territory, with the DAX also down by 0.1% after a decent open earlier. Other major indices in the region are down some 0.6% to 0.8% with the negative mood also reflected in US futures. S&P 500 futures are down 0.5% with...

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Major currencies not doing much so far on the session

Major currencies not doing much so far on the session

The dollar is keeping more mixed with light changes being observed overall. There's not much appetite or follow through, as traders are keeping a watchful eye on the bond market for anything. USD/JPY is one to pay attention to as such but is running up against a key...

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Bonds under the spotlight with little else to focus on

Bonds under the spotlight with little else to focus on

US Treasury 10-year yields (%) daily chartIn most cases, yields will tend to trend lower in the early stages of the Fed's rate cutting cycle. But this isn't like those cases, at least for the time being. There is something driving yields back higher and that is...

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