Phyllis Wangui

The US Dollar has been left treading water in the face of positive economic developments, as investors remain wary. Market sentiment is elevated on expectations that a soft landing for America’s economy may be possible – yet this hasn’t helped… Read More »Dollar Performance Post-JOLTs, Pre-CPI, PPI, BOE

The European Central Bank will make a major policy announcement at 12.15pm, with President Christine Lagarde addressing the press in confirmation immediately afterwards at 12.45pm. The European Central Bank is contemplating a hike in its already-rising benchmark rate leading to… Read More »ECB Predicted To Raise Rate In Bid To Curb Inflation

RBA Interest Hike The Reserve Bank of Australia has made another move to increase the official cash rate today, bringing it up from 3.6 per cent to an 11-month high of 3.85 per cent – the biggest jump since 2022… Read More »Talking Points Pre-Fed, ECB, and RBA Statements

Investors were positively surprised when Meta Platforms Inc. saw a dramatic 11.6% surge in their stock after the social networking giant reported stronger-than-expected profits amid expectations of rising sales growth this year.  The company capitalized on skyrocketing net earnings of… Read More »Meta Stock Price Soars as Facebook Predicts Revenue Boost

On Tuesday, investors were rattled as a result of First Republic Bank’s staggering losses – the bank reported their deposits had plummeted by an eye-popping $100 billion in just three months. Consequently, shares tanked 49% on Wall Street. Analysts predict… Read More »First Republican Bank’s stock falls with $100B deposit drop

Wall Street markets ended the day with a modest uptick, as investors eagerly looked ahead to quarterly reports from some of America’s biggest corporations. While the S&P 500 and Dow Jones Industrial Average saw an increase of 0.1% and 0.2%,… Read More »Stocks Exhibit Strength Despite Current Earnings Releases

On Thursday, Tesla (TSLA) investors felt a jolt of pain as the stock plummeted 9.75%, its lowest point since January. The electric vehicle giant saw gross margins dip below 20% for the first time in nearly three years and profit… Read More »Fears of Revenue Hit Tesla Stock, Drops 9% to 3-month Low

Wednesday’s trading on Wall Street was a rollercoaster ride with stocks first soaring, only to later take a sharp dive. Markets were thrown into turmoil with the release of inflation data showing that the rate of consumer price increase had… Read More »Stocks Plummets; Bank of Canada’s Interest Rates Steady