Ray RC Epaper, News, Ray RC English Newspaper | Dailyhunt
English News >> Ray RC

Ray RC News

  • Home

    MARKET EXUBERANCE CONTINUES LEAD BY DOW JONES

    The Dow Jones and the S&P 500 came close to finish in record territory on Thursday, as optimism about the earnings season and the Federal Reserve's pledge to keep its monetary policy accommodative outweighed risks of a resurgence in COVID-19 cases. On the economic front, a preliminary reading on GDP came far short of Wall Street's expectations but placing output above its pre-pandemic...

    • 13 hrs ago
  • Home

    BANK OF ENGLAND TO SCALE BACK ITS STIMULUS!

    As Britain's economy recovers from its 10% slump in 2020, two BoE monetary policymakers have said the time is nearing to consider tightening monetary policy but most of their peers favour keeping their stimulus programme in place for now. UK Consumer Confidence index rose to -7 in July of 2021 from -9 in the previous month and compared with a market consensus of -8. Retail sales were up 0.5%...

    • 2 days ago
  • Home

    INVESTORS BRUISED BY MASSIVE CHINESE STOCK SELL OFF

    The SHANGHAI decreased 90 points or 2.60% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China's top tech stocks and began to seep into currency and debt markets. China's rise in global...

    • 3 days ago
  • Home

    CHINESE STOCK UNDER PRESSURE AMID FURHER TIGHTENING OF GOVERNMENT REGULATION

    The Shanghai Composite Index tumbled 44 points or 1.2% to a near two-month low of 3,506 in early trade on Monday, falling for the second straight session, after Beijing on Friday announced that all institutions in China offering tutoring on the school curriculum will be registered as non-profit organizations, and no new licences will be granted. The news triggered a...

    • 4 days ago
  • Home

    LONGER PERIOD OF STIMULUS BY CENTRAL BANKS FUELING EQUITY RALLY

    European stocks rose for a fourth session on Friday, set to end the week slightly up despite Monday's sell-off, as investors welcomed a batch of strong corporate results during the week, signs of a longer period of stimulus by the European Central Bank and upbeat PMI data. The European Central Bank tweaked its guidance on Thursday, pledging to keep inflation rates at...

    • 7 days ago
  • Home

    EMERGING MARKET RECOVERED AS ECB AND FED REMAIN DOVISH

    MSCI's index of emerging market (EM) stocks jumped 1% and was headed for its best day since early June. The index had lost as much as 2.6% this week, before arresting its fall late Wednesday. Improving sentiment over the second-quarter earnings season helped investors look past possible economic ructions caused by a rise in global COVID-19 cases, fears of which had spurred sell-offs in...

    • a week ago
  • Home

    US DEBT CEILING DEBATE HEATED UP

    US debt ceiling debate heated up as Republican and Congress is to have loggerhead in coming week. A failure by Democrats and Republicans to work out differences over whether government spending cuts should accompany an increase in the statutory debt limit, currently set at $28.5 trillion, could lead to a repeat of the government shutdowns seen in 2013, January 2018 and one that lasted from 35 days from late...

    • a week ago
  • Home

    CURRENCY VOLATILITY AT LOW AMID TAPERING NEWS

    Currency volatility at low amid central banks hawkish tone about increasing interest rate in near future. Central Europe's currencies fell on Monday, starting the week on a sour note amid global market weakness as coronavirus cases rise in different parts of the world, with the Hungarian forint touching a fresh 2-1/2 month low. The poor sentiment in markets added to local factors that have...

    • 2 weeks ago
  • Home

    WTI CRUDE SETTLED AROUND $72 BARREL AMID OPEC FRESH AGREEMENT

    WTI crude settled around $72 barrel on Friday, the lowest in four weeks, and posting a decline of about 4% for the week, the worst weekly performance since March, amid oversupply concerns and worries that the rapid spread of the Delta variant of COVID-19 could hurt global fuel consumption. OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have...

    • 2 weeks ago
  • Home

    US DOLLAR INDEX EXTENDS GAINS

    US Dollar Index (DXY), extends the optimism, advances for the second session in a row and trades closer to monthly peaks located in the 92.80/85 band, always on the back of the resumption of the demand for the buck and higher US yields. Now, the index is gaining 0.15% at 92.69 and a breakout of 92.84 (monthly high Jul.7) would open the door to 93.00 (round level) and finally 93.43 (2021 high Mar.21). On the other...

    • 2 weeks ago

Loading...

Top