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Resurgence in US Stocks Driven by Encouraging Economic Data | Daily Market Analysis
Key events: USA – Fed Chair Powell Speaks USA – Crude Oil Inventories Tuesday saw a resurgence in US stock indices, marking a recovery from a recent series of losses. This rebound was driven by encouraging economic data, which alleviated concerns among investors about an imminent recession resulting from the Federal Reserve's aggressive interest rate hikes.
Fed Chair Powell's Testimony Spurs US Stock Decline, BoE Expected to Hike Rates Amid Gloomy Outlook | Daily Market Analysis
Key events:
Daily Market Analysis| This US Dollar is Still the King?
Daily Market Analysis Key events: USA - Average Hourly Earnings (MoM) (Aug) USA - Nonfarm Payrolls (Aug) USA - Unemployment Rate (Aug)