About: pumarketings
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Dollar Gains on Strong U.S. Data; Soft ADP Jobs Hint at Weak NFP
Market Summary Markets remained largely subdued earlier this week as investors awaited key U.S. economic data for fresh direction. On Wednesday, the Personal Consumption Expenditures (PCE) index came in slightly above expectations, while GDP figures also beat market consensus—reinforcing the view that the Federal Reserve is likely to keep interest rates elevated in May. TheContinue Reading
Eyes on Today’s PCE
Market Summary Global financial markets remained subdued at the start of the week as investors await pivotal inflation data from the U.S. The dollar index hovered near the 99.00 level, reflecting muted sentiment, while Wall Street’s major benchmarks posted modest gains of less than 1%, signaling a loss of upward momentum. Market focus now shiftsContinue Reading
Dollar Wobbles as Wall Street Eyes ‘Magnificent Seven’ Reports
Market Summary Volatility is set to rise this week as investors brace for earnings reports from the “Magnificent Seven” tech giants, with Apple, Microsoft, Amazon, and Meta Platforms scheduled to report in the coming days. Markets consolidated ahead of the releases, with sentiment cautious but resilient, as traders positioned for potential sharp moves across equitiesContinue Reading
