The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Yesterday, stock indices closed higher. The S&P 500 rose by 0.30%, while the Nasdaq 100 added 0.17%. The Dow Jones Industrial Average strengthened by 0.86%. On Thursday, Japanese assets were in focus in the Asian markets. The country's indices led after data from the US increased the likelihood of a Federal Reserve interest rate cut next week, and the sale of 30-year government bonds saw the highest demand since 2019.
In the currency market, the US dollar remained stable after falling by 0.4% during the previous session when US Treasury yields rose, lowering the yield on two-year bonds to approximately 3.48%. The Indian rupee fell to a record low against the dollar as sentiment remained weak amid delays in finalizing a trade agreement with the United States. Follow the link for more details.
Inflation is slowing, interest rates are decreasing, and corporate profits are rising. What could be better for the S&P 500? The US stock market aims to restore its upward trend. However, its distinguishing feature at the start of winter is the absence of leaders. The diversification of investment portfolios and a move away from tech stocks have become the hallmark of recent weeks.
The increase in business activity in the services sector to a 9-month high was perceived by investors as a sign of optimism due to the end of the shutdown, which, by the way, could begin again at the end of January. On the other hand, the ADP reported a reduction of 32,000 jobs in the private sector in November. The data indicated a labor market cooling and brought the Fed closer to an interest rate cut in December. Follow the link for more details.
On Wednesday, US stock indices strengthened amid weak ADP employment data, which fueled expectations of imminent policy easing by the Fed. An unexpected reduction in jobs in the private sector again showed signs of a weakening labor market and bolstered forecasts for a Fed rate cut as early as next week. The Dow Jones climbed by 0.9%, adding over 400 points, the S&P 500 increased by 0.3%, while the Nasdaq rose by 0.2%.
In the cryptocurrency market, Bitcoin attempted to recover after a sharp decline, recently dropping below $83,000. On Wednesday, BTC rose to a two-week high, exceeding $93,000, but part of the gain was later lost. Caution in the tech sector intensified after Microsoft's stock fell by 2.5% amid reports of reduced quotas for AI solution sales. Follow the link for more details.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
