Description
Over in the US on Tuesday markets rallied with the S&P500 and Dow hitting fresh record highs as investors assessed the threat of new tariffs from incoming President-elect, Donald Trump. Trump called for a 25% tariff on products from Mexico and Canada on Monday as well as an additional 10% tax on Chinese goods on top of the 20% already promised on goods from the region, in a bid to stimulate domestic demand within the US economy. Despite the potential impact of the tariffs, the Dow Jones r...
The US economy showed strength this week, with robust business activity and easing inflation. However, the global economic outlook was less positive, with the Eurozone and UK experiencing renewed downturns. Asia-Pacific economies also released key economic indicators and monetary policy...
Published 11/28/24
Wall St closed lower overnight as the S&P 500 snapped a 7-day winning streak, down 0.38%. The Dow Jones lost 0.3% and the tech-heavy Nasdaq fell 0.6% as Nvidia lowered by 2%.Other tech companies such as Dell and HP also lost over 11% following weak earnings guidance.US inflation data was also...
Published 11/27/24