• Mon. Apr 15th, 2024

Trade Reviews: An Analysis of Wall Street and Global Financial Markets

BySamantha Jones

Apr 4, 2024
Wall Street sees mixed trend as Intel drops 7%

A range of financial information is covered in trade reviews, including reports on current trends, indices, stock prices, bonds, foreign exchange, commodities and analyst recommendations. At 16:30 on Wall Street, there were slight declines at the opening with the Nasdaq down 0.4%, the S&P 500 off 0.1% and the Dow Jones trading around base levels.

In a recent interview with CNBC, Rafael Bostic, President of the Atlanta Fed expressed his belief that interest rate cuts in the US should begin later this year. He cited strong growth of American economy, recovery in supply chains and strong labor market as factors that will lead to a decrease in inflation. Bostic predicted that the Fed’s first interest rate cut may not happen until the end of 2024.

In terms of employment data in private sector in US saw an addition of about 185 thousand jobs compared to 155 thousand in February and worker’s wages increased by 5.1% on an annual basis. Meanwhile Gilat reported an order of more than $5 million from US Department of Defense among other recent orders totaling $30 million in various areas. In Europe inflation decreased to 2.4% below expectations with core inflation falling from 3.1% to 2.9%. Stock markets in Europe and Asia were mixed with slight declines reported in some indices while price of gold reached record highs due to supply disruptions and geopolitical tensions which led to speculation that silver prices may also rise significantly due to increased demand for metal in solar panels.

There were updates on various companies such as Intel reporting operational loss its production division; Disney shareholders voting on board changes; Tesla reporting a decline in car deliveries during first quarter and oil prices surging to six-month highs due to supply disruptions and geopolitical tensions . Commodities market saw surge oil prices due to supply disruptions and geopolitical tensions while other commodities like gold reached record highs as investors look for safe haven assets amidst economic uncertainty . Overall financial landscape remains dynamic with analysts expressing differing opinions on interest rate cuts market trends individual company performances

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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