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Interest Rate Cuts and Macroeconomic Concerns: A Tightrope Walk for the Market

The Federal Reserve's recent rate cut has sparked a debate about the future direction of interest rates and their impact on the broader economy. While the Fed signals confidence in a decline in inflation, some market participants remain concerned about the potential for inflation to resurface, particularly with

Equities Hold Steady as Fed Rate Cut Jitters Persist

Wall Street traded in a narrow range on Monday, with major indexes posting modest gains despite last week's Federal Reserve rate cut. Investors remain cautious, seeking catalysts for further market movement as the quarter draws to a close. While the Fed's recent dovish stance has fueled

US Stocks Weather August Storm, Ending Month Higher Despite Choppy Trading

US equities markets ended August in positive territory, overcoming a volatile month fueled by mixed economic data and uncertainty about the Federal Reserve's next move. The S&P 500 climbed 2.3% for the month, leaving it just shy of its record close. The tech-heavy Nasdaq Composite

US Recession Fears Ease As Consumers Show Resilience: UBS

Fears of a looming US recession are receding as recent economic data points to a more resilient consumer and cooling inflation, according to a note published by UBS on August 16.  The bank highlights the recent rally in US stock markets, with the S&P 500 surging almost 7%

S&P 500 Earnings Season Shows Mixed Results, but Index Reports Highest Growth Since Q4 2021

The S&P 500 is reporting a mixed bag of results for the second quarter of 2024, with companies exceeding earnings estimates at a higher-than-average rate, but the magnitude of those surprises is below average, according to a note published by FactSet on Friday. Despite this mixed picture, the

US Dollar Rally Unlikely to Last, UBS Says, Outlining Implications for Major Currencies

The US dollar has surged to near its highest level of the year, but UBS analysts believe this strength is unlikely to be sustained, citing factors such as expected Fed rate cuts and concerns about the US fiscal deficit. The DXY index, which tracks the US dollar against six major

US Oil Companies Under Scrutiny for Possible Price Fixing with OPEC

The US Senate Budget Committee has launched an investigation into domestic oil producers, seeking to determine whether they have illegally coordinated oil prices with the Organization of the Petroleum Exporting Countries (OPEC), as reported by Reuters on Thursday. This probe represents the latest effort by Democratic lawmakers to pressure energy

US Economy Grew at a Slower Pace in Q1 2024, Corporate Profits Decline, BEA Reports

The US economy expanded at an annualized rate of 1.4% in the first quarter of 2024, according to the estimate released by the Bureau of Economic Analysis (BEA) on Thursday. This represents a slight upward revision from the second estimate of 1.3% growth, but still signals a significant

U.S. Refinery Activity Dips, But Crude Oil Inventories Rise

U.S. crude oil refinery inputs decreased slightly last week, according to the latest weekly report from the Energy Information Administration (EIA). Refinery operations, while still robust, showed a dip in activity, with a 234,000 barrel per day decline in inputs compared to the previous week. Despite this decrease,

China's Lithium Rush: $3.4 Billion Invested in Seven Argentine Projects

Chinese companies are pouring billions of dollars into Argentina's lithium industry, with a total of seven projects under development across the provinces of Jujuy, Salta, and Catamarca, according to a recent report by the Bolsa de Comercio de Rosario (BCR). The report estimates a combined investment of $3.