News In the Spotlight

STARTRADER Market Recap | 23-Aug-2023

Economic data in the United States yesterday revealed a decline of about 2.2% in existing home sales in July on a monthly basis. Currency and bond yield movements continue to impact other financial assets as investors await statements from Federal Reserve Chair Jerome Powell on Friday.

The yield on the 10-year Treasury bond, a benchmark, reached its highest level in approximately 16 years, sparking concerns that rising borrowing costs could slow down corporate and consumer spending.

In Wall Street, the Dow Jones index fell by 0.5%, marking its lowest close in around 6 weeks. This came after JPMorgan’s stock dropped by over 2%, causing the bank to lose more than $9 billion in market value in a single day.

wwwstartraddev

Recent Posts

Rollover Notification in November

Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…

3 days ago

Market Closure in November

Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…

2 weeks ago

Trading Hours Adjustment for upcoming US Daylight Saving

Dear Valued Clients, Please be informed that the trading hours for the following products will…

2 weeks ago

What are Forex Trading Sessions in India Time

Forex trading is a global phenomenon that operates 24 hours a day for five days…

2 weeks ago

Market Closure in November

Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…

2 weeks ago

Role and Regulation of Forex Brokers in India

As the largest market in the financial world, the Forex Exchange Market attracts trillions of…

2 weeks ago

This website uses cookies.