Daily Report | 27 January 2023
The Wall Street indices got a jolt from the 4Q22 GDP data, which emerged at 2.9%, beating the expectations of 2.6% but
The Wall Street indices got a jolt from the 4Q22 GDP data, which emerged at 2.9%, beating the expectations of 2.6% but
Inflation in Australia rose to a new 32-year high of 7.8% in the 4Q22, marking the fastest pace since March 1990.
The US stock market appeared flat, and Dow Jones Index still maintained its position above its third Support in Moving
Fourth quarter earnings season is in full swing, with 72 of the companies in the S&P 500 having reported. Of those,
Earnings reports dominated the sentiment on all three Wall Street indices, with the Dow Jones gaining 104 points. Yet,
Signs of recession in the Western countries have been mounting as economic data for the US, UK, and Eurozone has come in
The battle over the US government's borrowing limit is likely to come to the fore as it reaches its USD 31.4 trillion
Wall Street indices were green with the Dow Jones closed with a plus 0.8%, or 254 points, while the S&P rose 1.2%,
Fed Officials are sharing the same hawkish tone that they will probably need to raise interest rates to "just above" 5%