MeritKapital News

The leaders of Iran, Russia and Turkey are set to hold talks in Tehran this Tuesday with Putin and Erdogan attempting to reach a deal on unblocking exports of millions of tons of Ukrainian grain from Black Sea ports. Meanwhile, Gazprom PJSC declared force majeure on several European natural-gas buyers, a move that may signal…

US stocks ended higher on Friday as investors digested data showing U.S retail sales rose by 1% in June, a slightly stronger number than economist had expected. Although some of the increase was tied to higher prices of gasoline and food, the market appeared encourage that the all-important consumer hasn’t succumbed to the strongest inflation…

US stocks ended mixed on Thursday as investors weighed the possibility that the Fed Reserve would raise the benchmark interest rate by 100 basis points in less than two weeks as they try to crush inflation which is now at 9.1%. Subsequently, the S&P 500 declined 0.3% to finish at 3,790.38, Dow Jones declined 0.5%…

US stocks finished lower on Wednesday, extending their streak to four days on the heels of the highly anticipated June consumer price inflation report that came in hotter than expected at 9.1% which notched a fresh 41-year high. The CPI jumped 1.3% last month to mark the third time in the last four months its…

US stocks closed lower on Tuesday for a second day as we await what is deemed to be the worst bout of inflation to hit the U.S. economy in four decades to be announced today. Traders remain wary about the prospects for corporate profits also amid signs of slowing global economic growth, although declining commodity…

US stocks recorded their biggest declines in more than a week on Monday, as investors evaluated China’s crackdown on a new COVID-19 subvariant and braced for the likelihood of another hot U.S CPI report tomorrow. Forecasters are expecting the headline of increase in inflation from 8.6% in May to 8.8% in June report. Subsequently the…

US stocks ended mixed on Friday after the jobs report released showed more robust growth in the American labor market last month than had been expected. Stock market action was choppy as investors weighed the latest jobs data against fears that the Fed Reserve will continue with large interest –rates hikes to cool the economy…

US stocks finished higher on Thursday, putting them on pace for a string of weekly gains to kick off the month of July, as investors await Friday’s jobs report by the Fed Reserve. While awaiting Friday’s jobs report, investors heard from some Fed Reserve officials, including Fed Gov. Christopher Waller who said he backs a…

U.S stocks ended higher Wednesday after minutes of the Fed Reserve’s June policy meeting released signalled another big interest rate-hike is likely to come. Fed officials said, ‘recognized policy firming could slow the pace of economic growth for a time’. They also indicated another large rate hike of 50 basis points or 75 basis points…

U.S stocks kicked out gains on Tuesday as investors’ appetite for risk suddenly reversed about halfway through the session, sparking a tech-led rebound that helped two of the three main U.S benchmarks closer higher. Subsequently, Dow Jones declined 0.4% to finish at 30,967.82, the S&P 500 gained 0.2% to finish at 3,831.39 while Nasdaq 100…