RBA Preview – Expecting New Easing Package of Rate Cuts and QE Expansion
It is widely anticipated that RBA will announce more easing measures at this week’s meeting. The package of measures will likely include a rate cut to 0.1% and expansion of the yield curve control program with the focus on 5-10...
Stock futures up slightly amid England stay-at-home order, U.S. election uncertainty
Stock futures were flat in overnight trading on Sunday amid rising concerns that coronavirus cases could slow the global economy. The move came as England adopted a stay-at-home order and as traders braced for Tuesday’s U.S. presidential election, where a...
Asia Morning: Tech Stocks Lead U.S. Market Lower Again
On Friday, U.S. stocks ended in the red again. The Dow Jones Industrial Average fell 157 points (-0.59%) to 26501, the S&P 500 dropped 40 points (-1.21%) to 3270, and the Nasdaq 100 slumped 297 points (-2.62%) to 11052. S&P 500 Index (Daily Chart) : Downside...