STARTRADER Monday's Market Update 10-07-2023
The number of bankruptcies among US companies has risen at the fastest pace since 2010 during the first half of this year. Among the well-known names that filed for bankruptcy in the first half of 2023 are Silicon Valley Bank and Bed Bath & Beyond.
At the same time, US technology stocks have achieved significant gains since the beginning of the year, supported by the surge driven by artificial intelligence.
The market value of the seven largest technology companies listed on Wall Street, namely Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta, has risen by about 60% this year, or about $4.1 trillion, reaching $11 trillion.
Markets are awaiting US consumer price data next Wednesday to get a more comprehensive idea of the Federal Reserve’s future moves. It is expected that the consumer price index (CPI) will decrease from 4.0% to 3.1% on an annual basis.
EURUSD 1H chart shows downtrend accelerating in recent sessions since the beginning of the week.…
Key Takeaways: GDP numbers in the US show contraction in the economy of 0.3% in…
Dear Valued Clients, To further optimize platform resource allocation and enhance service efficiency, STARTRADER will…
Dear Valued Client, We are writing to inform you of a recent incident involving the…
Swiss Franc falls as USDCHF recovers from its historical lows Following downtrend breakout, USDCHF sets…
Key Takeaways: U.S. Stock Markets close higher on Tuesday on hopes of trade deals between…
This website uses cookies.