American stocks expanded om Friday due to good April labor market data. Unemployment hit a seven-month low, making 5.4%. However, Non-Farm Payrolls turned out to be not that great – 223 thousand. The indicator showed a rather weak growth after the sharp fall in March: only 83 thousand new jobs were recorded there. According to CME FedWatch, investors suppose that the probability Fed raises the rate reduced in December from 62% to 51%. That is why the surge in the American dollar was rather moderate. Apart from good macroeconomic statistics there is another index-boosting factor: Aol Corporation issued a positive… Continue reading
Markets rise as dollar continues advancing
US stocks advanced on Monday as factory orders increased 2.1 percent in March after a 0.1 drop in February. Manufacturing accounts for 12 percent of US economy, and a rebound… Continue reading
Markets tumble as Fed leaves door open for rate hike
US stocks fell on Wednesday after the Federal Reserve in a statement following its two-day policy meeting did not rule out raising interest rates at its next meeting in June…. Continue reading
US markets edge higher ahead of Fed’s statement
US stocks inched higher on Tuesday with S&P 500 and Nasdaq Composite closing near record levels reached last week. The S&P 500 gained 0.3%, with nine of its main sectors finishing higher. The gains… Continue reading
Dollar continues falling ahead of Fed’s policy meeting
US stocks ended lower on Monday as investors consolidated last week’s gains and adopted cautious stance ahead of Federal Open Market Committee’s two day meeting. The S&P 500 closed 0.4% lower, with… Continue reading
Dollar dropped further
On Friday the US dollar weakened and American stocks grew further. Durable Goods Orders fairly outstripped forecasts, rising 4% (the maximum growth since last July). Investors believe it makes Fed… Continue reading
Markets rise as investors bet interest rate hike will be delayed
US stocks started Monday session lower but ended with solid gains as investors bet that the Fed will likely delay the rate hike after Friday’s weak monthly jobs report. The… Continue reading
