Weekly Market Analysis
By Samir Al Khoury The most important events of the past week United States of America The headline consumer price index rose year-on-year, recording 3.5%, which exceeded expectations (3.4%) and the previous reading (3.2%). The core consumer price index (which excludes food and energy) recorded on an annual basis 3.8%, which was higher than expectations […]
Apple Shares Surge on AI Optimism
By Camilo Botia, Apple shares experienced a significant boost on Thursday, climbing 4.3% to $174.99. This marks the company’s best single-day performance since May 5, 2023. The surge aligns with a broader rally in technology stocks, particularly those focused on artificial intelligence (AI). The tech-heavy Nasdaq Composite saw an increase of 1.77%. Despite a year-to-date […]
Inflation Fears Resurface, Stocks Slide as Markets Recalibrate on Fed Bets
By Camilo Botia, Wall Street experienced a sharp downturn after hotter-than-expected inflation data and renewed geopolitical tensions sent investors scrambling. The persistent rise in prices dashed expectations of near-term interest rate cuts by the Federal Reserve, sparking concern the central bank will maintain a hawkish stance well into 2024. The S&P 500 extended its April […]
Bitcoin’s Halving: Does It Really Drive Price?
By Camilo Botia, As Bitcoin’s value climbs to new heights, the spotlight is on the upcoming “halving” event and its potential influence on its price trajectory. For some, halving is pivotal in reinforcing Bitcoin’s value proposition as an increasingly scarce asset. Others dismiss it as mere technical jargon hyped up by speculators to drive prices. […]
Oil Prices Slip As Israel-Hamas Ceasefire Talks Progress
By Camilo Botia Oil prices declined on Monday, pausing a multi-session rally fueled by the Israel-Gaza conflict. The easing geopolitical tensions stemmed from Israel’s troop reduction in southern Gaza and the initiation of renewed ceasefire negotiations with Hamas. Brent crude futures dropped 0.9% to $90.84 a barrel, while U.S. West Texas Intermediate crude fell 0.6% […]
Weekly Market Analysis
By Samir Al Khoury, The most important events of the past week United States of America The Manufacturing Purchasing Managers’ Index declined, recording a growth of 51.9 points, which is lower than expectations (52.5) and the previous reading (52.2). The construction spending index declined on a monthly basis, recording a contraction of 0.3%, which is […]
Unraveling the Causes Behind Recent US Stock Declines
By Samir Al Khoury, The major US stock indices, the Standard & Poor’s 500, the Dow Jones, the Nasdaq 100, and the Russell 2000, closed with losses yesterday. On the other hand, the VIX Fear and Volatility Index, which expresses investors’ expectations regarding price movement in the stock market, rose to 16.92 points yesterday, which […]
Inflationary Challenges Weigh on the Turkish Lira’s Struggle
By Samir Al Khoury Despite the Turkish Central Bank’s persistent efforts to curb inflation through successive interest rate hikes, the latest being a surprising 500 basis point increase during its March 21, 2024, meeting, elevating the interest rate from 45% to 50%, the annual Consumer Price Index (CPI) remains alarmingly high. As of yesterday, the […]
Dollar’s Record Highs and the Impact on the Japanese YenÂ
By Samir Al Khoury The price of the dollar against the Japanese yen reached 151.97 last week, marking its highest level since 1990. It’s worth mentioning that in 2022 and 2023, the maximum limit for the dollar against the yen was recorded at 151.91 and 151.95, respectively. The persistent resistance level of 152 yen per […]
Chinese Stock Market Resilience Amidst Global Challenges
By Samir Al Khoury It seems that the positive momentum for Chinese stocks will prevail in the next stage, as many factors may support these stocks, including: ·       Most of the Chinese economic data exceeded analysts’ expectations, such as the manufacturing purchasing managers’ index, which according to the official body registered a growth of 50.8 points, […]
