Description
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 decisions.In this week’s wrap, Sophia covers:(0:16): how the US economy demonstrated resilience (1:19): where the Eurozone and UK are facing downturns (2:02): how the ASX200 performed this week so fa...
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
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...
Published 11/26/24