STARTRADER Monday's Market Update 21-08-2023
Christine Lagarde, the President of the European Central Bank, has expressed strong optimism about the recently released Gross Domestic Product (GDP) figures for the second quarter in France, Spain, and Germany. These figures have been highly encouraging, providing positive signs for the economic outlook in the region.
As anticipated by the ECB, the bank decided to raise the interest rate by approximately 25 basis points last Thursday, bringing it to 4.25%. This is the highest rate recorded since October 2008.
On Wall Street, the Dow Jones index ended a 13-day winning streak on Thursday, the longest uninterrupted streak since 1987. Markets are awaiting several important economic data releases this week, including the Bank of England’s interest rate decision next Thursday, as well as non-farm payroll numbers and unemployment rates in the United States.
https://www.youtube.com/watch?v=gN_UJh7Pu_k Metals: Gold slid 0.20% to $2,695, as the dollar strengthened, dimming its appeal. Commodities:…
The name itself reveals the essence of the term. An adjustable rate is a rate…
To better understand what after trading hours are, it is best to first explain “trading…
Aggregate demand refers to the total demand for goods and services produced within an economy…
The meaning of aggregate risk may differ depending on the context. Generally it pertains to…
This website uses cookies.