Yearly Archives - 2022
04Nov

Energy sector remains the market’s safe haven

04 Nov 2022 - US equities finished lower in Thursday trading, with the S&P 500 bouncing off its lowest morning levels, but trading in a narrow range through the afternoon before fading into the close. Across the sectors energy was the standout despite a fall in the oil price. Strong results, higher dividends and share buybacks has led the sector to shine in 2022. The suggestion of a 'windfall tax' from the Biden government has already met heavy resistance...

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03Nov

Markets reverse course on Fed’s inflation narrative

03 Nov 2022 - Stocks fell on Wednesday after Federal Reserve Chair Jerome Powell said inflation was still too high and therefore the central bank has further to go in raising interest rates. Markets struggled to interpret the central bank’s stance, with stocks jumping after the statement was released, then sinking after Powell warned in his press conference that rates would top out at a higher “terminal” level.

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02Nov

Amidst the gloom, oil stocks are reporting record profits

02 Nov 2022 - US equities finished mostly lower in Tuesday trading, as traders assessed better-than-expected economic data and prepared for another likely rate hike from the Federal Reserve. Profits at two of the world’s largest oil producers soared as BP and Saudi Aramco reaped a windfall from historically high energy prices that have fuelled inflation and stoked a global cost of living crisis.

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