Post Tagged with: "Federal Reserve"

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100?s surge topped […]

Trexit ? the one thing Donald Trump can do to save the US and global markets in 2019

Trexit ? the one thing Donald Trump can do to save the US and global markets in 2019

It is often said that the darkest hour is just before the dawn. For eternal optimists, there is always hope that morning brings something brighter, more promising. Global markets have had a lot thrown at them in recent years, from the to the European debt crisis, but they have always […]

US Fed?s Jerome Powell is ?100 per cent? safe as chairman, says Trump economic adviser Kevin Hassett

US Fed?s Jerome Powell is ?100 per cent? safe as chairman, says Trump economic adviser Kevin Hassett

US President Donald Trump won?t try to fire Federal Reserve Chairman Jerome Powell, a top White House economic adviser said on Wednesday. Kevin Hassett, chairman of the White House Council of Economic Advisers, told reporters ?yes, of course, a hundred per cent? after he was asked whether Powell?s job is […]

Dow rises a record 1,050 points, as US stocks stage a massive Boxing Day rebound after pre-holiday punishment

Dow rises a record 1,050 points, as US stocks stage a massive Boxing Day rebound after pre-holiday punishment

US stocks rebounded on Wednesday, staging one of the biggest rallies of the decade after coming within points of seeing the bull market end, with major indexes surging about 5 per cent and the Dow registering its biggest one-day point increase ever. The Dow Jones Industrial Average jumped more than […]

Why the Santa rally in stock markets may just be a little late

Why the Santa rally in stock markets may just be a little late

All financial analysts have to make confessions from time to time. And I am man enough to grovel to my readers.? In mid-November, I confidently leading up to Christmas. It was as expected as a government denial of incompetence. A weak October and November indicated that investors would turn the […]