Golden Brokers

As markets face a range of macro data points and geopolitical events, investors are facing unprecedented volatility. From the Federal Reserve's interest rate decision and the oil market's response to a drone strike on an Iranian facility to the reopening of Chinese markets and the forthcoming OPEC+ conference, the global market is in upheaval and this week is an opportunity not to be missed. Read more at: https://goldenbrokers.my/en/daily-market-news-538  

  Next week , the Fed 's first meeting of 20 23 is predicted to result in a smaller 25 bps rate hike , which could weaken the dollar & benefit gold & crude prices . Global investment markets have seen a recovery with strong share prices for Tesla & Chevron . The dollar has risen due to a better-than-expected GDP reading. Read more at: https://goldenbrokers.my/en/daily-market-news-537

  As global central banks gear up for a series of potentially market-shaping meetings, the Dow Jones Industrial Average is flat while the S&P 500 and Nasdaq Composite were down slightly. Mexico's central bank is considering decoupling from the U.S. Federal Reserve's policy, while the Bank of England, the European Central Bank, and the Bank of Japan are all facing decisions that could alter the global market outlook. Read more at:  https://goldenbrokers.my/en/daily-market-news-536

  The global market is facing uncertainty because of events such as a drop in Japan's Nikkei 225 index and a drop in retail sales and industrial production in the United States. Furthermore, Federal Reserve officials are divided on the future path of US interest rates. On the other side of the globe, Chinese brokerages are looking to raise up to $12.2 billion in capital to compete with Wall Street banks and meet risk management regulations. Since last month, the Chinese equity index has risen more than 10%, and multiple publicly traded brokerages are selling new shares. EQUITY Concerns about a recession in the United States have prompted investors to seek out safer assets such as bonds. Japan's Nikkei dropped 1.4%, and the yen rose 0.63% to 128.85 per dollar. The S&P 500 fell 1.6%, with Microsoft announcing 10,000 layoffs and Fed officials are predicting U.S. interest rates to be above 5% in 2023, further cementing feds determination to reach 2% inflation target. METAL Gold...

The Bank of Japan's decision to keep benchmark interest rates unchanged, as well as its current rate of yield curve control, was announced alongside the continuation of the 2% annual inflation target. It will continue to buy bonds in whatever amount necessary to maintain its target for 10-year JGB yields at zero. EQUITY US stock futures were trading slightly lower on Tuesday, as Goldman Sachs reported earnings below expectations and major benchmark indices fell for the regular session. Tesla, Nvidia, and AMD are among the stocks that are supporting the S&P. Ahead in Wednesday’s session, traders will be looking towards producer price index data, retail sales, business inventories, and industrial production figures, as well as speeches from Bostic, Bullard, and Harker. Market sentiment will remain volatile in the near term as investors continue to monitor economic data and the earnings season. GOLD Gold prices have been hanging below an eight-month high as markets await more sign...