Russell 2000 Soars Amid Economic Optimism and Challenges Ahead
By Samir Al Khoury The Russell 2000 index, an index of small and medium-sized stocks in the United States, continued its ascent for the third consecutive day, reaching 2,055 points yesterday, marking its highest level since December 29, 2023. However, what is particularly noteworthy is the ongoing surge of the three major American […]
Weekly Market Analysis
By Samir Al Khoury The most important events of the past week United States of America ·        The initial jobless claims index declined, recording 218K, which is lower than expectations (221K) and the previous reading (227K). ·       US crude oil inventories rose by 5.52 million barrels, which exceeded expectations (1.70M) and the previous reading […]
S&P 500 Briefly Crosses 5,000 Amid Mixed Earnings and Rate Uncertainty
By Camilo Botia On Thursday, the S&P 500 index reached the 5,000 level for the first time in history but failed to close above it as investors weighed earnings results and the outlook for interest rates. The benchmark index closed the day at 4,995.42 after hitting an intraday record of 5,001.19 in the final minutes […]
Disney Beats Earnings Expectations, Boosts Dividend and Buys Epic Games Stake
By Camilo Botia Disney delivered a strong earnings report for its fiscal first quarter, beating Wall Street estimates and raising its dividend by 50%. The company also announced a $1.5 billion investment in Epic Games, the maker of Fortnite, as part of a strategic partnership. The entertainment giant reported earnings of $1.22 per share, […]
Turkish Lira Hits Record Low Against the Dollar Amid Central Bank Turmoil
By Samir Al Khoury The Turkish lira continues to depreciate against the US dollar, with the exchange rate reaching a historical record level of 30.6010 lira per dollar today. Surprisingly, Turkish Central Bank Governor Hafiza Ghaya Arkan resigned after just eight months in office, citing a slanderous media campaign against her and her family. […]
Understanding the Surge in US Bond Yields Amid Economic Uncertainty
By Samir Al Khoury US bond markets are experiencing significant fluctuations amid economic uncertainty and ambiguity surrounding monetary and fiscal policies in the United States of America. US Treasury bond yields surged noticeably across different terms in two consecutive sessions (yesterday and Friday). The two-year bond yield reached 4.48% yesterday, marking its highest level […]
Weekly Market Analysis
By Samir Al Khoury The most important events of the past week United States of America ·       In its meeting last Wednesday, the Federal Open Market Committee decided to maintain interest rates at 5.25% and 5.50% for the fourth consecutive time, aligning with the expectations of most analysts. However, of greater significance was the address […]
Apple’s China Woes Overshadow iPhone Success and Vision Pro Launch
By Camilo Botia Apple Inc. (AAPL) reported its first revenue growth in five quarters on Thursday. Still, the results were overshadowed by a deepening slump in China, its second-largest market, and the looming launch of its new virtual reality headset, the Vision Pro. Apple said its sales in China dropped 13% to $20.8 billion […]
Analyzing Market Responses to Powell’s Projections and the Fed’s Decision on Interest Rates
By Samir Al Khoury How did the financial markets move after the Fed’s decision yesterday? The Federal Open Market Committee decided in its meeting yesterday to maintain interest rates at the levels of 5.25% and 5.50% for the fourth consecutive time, as anticipated by most analysts. However, of greater significance was the speech delivered by […]
Germany’s Economic Struggle Amid DAX30’s Surprising Surge
By Samir Al Khoury The GDP index in Germany contracted by -0.3% in the fourth quarter of last year, and both manufacturing and services purchasing managers’ indices continue to show contraction. Most German economic data remains weak, and inflation, recorded at 3.7% in December 2023, is far from the European Central Bank’s 2% target, raising […]
