Patrik Kovac
⭐Tuesday⭐ US stocks were part of a global sell-off Tuesday as a retail-heavy week began by showing continued consumer resilience in the US, but China painted a grim picture for the world's second-largest economy. ⭐Wednesday⭐ U.S. stocks finished lower on Wednesday, led by a slump in technology-heavy $NSDQ100 , after the Federal Reserve’s minutes from its July meeting show most senior officials saw “upside inflation risks” which could lead to more interest-rate hikes. Stocks booked back-to-back losses on Wednesday as investors digested the release of the Fed minutes from its July policy meeting at which the central bank raised its federal funds rate by a quarter-percentage-point to a range of 5.25%-5.5%, its highest level in more than 22 years. ⭐Overall⭐ $UK100 is within sight of its lowest close of the year after a grim week for global stock markets. London’s top flight fell again, leaving it down by 3% since Monday as worries mount globally over higher-for-longer interest rates. The $DJ30 is on pace for its worst week since March, lower by 2.29% through Thursday. Meanwhile, the $SPX500 is headed for a third straight week of losses, a streak that hasn’t happened since February. The Nasdaq Composite is also set for a third consecutive losing week for the first time since December. The 10-year U.S. Treasury yield on Thursday rose to its highest level since October 2022. The move came after the July meeting minutes from the Federal Reserve suggested further interest rate hikes could be ahead as central bank policymakers remain concerned about inflation. “If yields continue to move like they’re moving, there’s going to be some ramifications for global equity markets.” Source: MarketWatch, Aol, CNBC, Tradeweb, Standard.co If you like this kind of information sum up, please consider following me. Thank you :) !
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