Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Cautious dealings in the markets in anticipation of central bank meetings

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280965
    Join date : 2012-12-21
    • Post n°1

    Cautious dealings in the markets in anticipation of central bank meetings Empty Cautious dealings in the markets in anticipation of central bank meetings

    Post by Rocky Tue 25 Jul 2023, 7:19 am

    [rtl][size=33]Cautious dealings in the markets in anticipation of central bank meetings[/size][/rtl]





    [rtl]WRITTEN BY: CAIROEDITOR[/rtl]


    • 07-24-2023




    [rtl]Caution prevailed at the opening of the week on Monday in global financial markets, in anticipation of the outcome of important meetings of major central banks this week, led by the Federal Reserve and the European Central Bank, which are expected to raise interest by a quarter of a percentage point in each.
    The Federal Reserve concludes its monetary policy meeting on Wednesday, and the European Central Bank ends its meeting the next day, followed by the Bank of Japan on Friday... while everyone is awaiting a possible signal from the Fed to its intention to stop raising interest rates in the upcoming meetings.
    Bob Savage, head of market strategy at BNY Mellon, told Reuters: “The past week made the markets expect a soft decline in the US markets in which the (Federal) ends the rate hike cycle … and then witnesses a steady decline in the consumer price index without a recession.” He added, “The ECB is also expected to be nearing the end, with technical recession easing in Germany and growth consolidating elsewhere. The Bank of Japan seems to be talking about change, but not doing much about it.”
    In stock markets, Spanish stocks topped the losers among the European stock exchanges (Monday) after the general elections in the country ended without a clear winner, which indicates political stalemate and raises concern among investors. The Spanish stock index fell 1.1 percent, its lowest level in about a week, after the results of the elections that took place at the weekend did not give either the right or the left a comfortable path to form a government.
    The European Stoxx 600 index fell 0.2 percent by 07:23 GMT. Bavarian Nordic shares fell 23.1 percent. Dutch health technology company Philips fell 5.8 percent after it expressed concerns about China's efforts to achieve self-sufficiency in technology related to the health sector. On the contrary, Swiss bank Julius Baer rose 6 percent after announcing an 18 percent growth in net profits in the first half of 2023. In Asia, the Japanese Nikkei index closed higher for the first time in 3 sessions, with automakers' stocks rising, taking advantage of the yen's decline, at a time when investors reduced their bets that the country's central bank would change its monetary policy this week. The Japanese currency fell to about 142 yen per dollar on Friday.
    [You must be registered and logged in to see this link.][/rtl]
    • Back to top
      Current date/time is Tue 19 Nov 2024, 12:29 am