Despite the surge in Treasury debt issuance and the subsequent drain of liquidity from financial markets, the U.S. stock market shows no signs of slowing down in its 2023 rally. According to FactSet data, the S&P 500 index has already gained approximately 19% year-to-date, while the Nasdaq Composite Index has skyrocketed by 37% and the Dow has seen a 6% increase. This … [Read more...] about The Resilience of the U.S. Stock Market in 2023
Forex News
Concerns Over Coles’ Proposed Acquisition of Milk-Processing Plants
Australia's competition watchdog, the Australian Competition and Consumer Commission (ACCC), has raised concerns about supermarket operator Coles' plan to acquire two milk-processing plants from Saputo. The ACCC believes that this acquisition could have long-term negative consequences for dairy processors and farmers. If the acquisition goes through, it would be a significant … [Read more...] about Concerns Over Coles’ Proposed Acquisition of Milk-Processing Plants
Volvo Car Reports Strong Second Quarter Results
Volvo Car, the Swedish auto maker, has announced its financial results for the second quarter, highlighting a significant increase in revenue. The company reported a net profit attributable to shareholders of 3.33 billion Swedish kronor ($324.1 million), compared to 8.94 billion kronor in the same period last year. With revenue for the three-month period ending in June reaching … [Read more...] about Volvo Car Reports Strong Second Quarter Results
Mullen Group Reports 15% Drop in Q2 Profit
Mullen Group, a Canadian logistics provider, announced a nearly 15% decrease in second-quarter profit, surpassing analysts' expectations. The decline in profit was attributed to weaker demand for freight and logistics services, resulting in a reduction in revenue. For the period ending June 30, Mullen Group reported net income of CAD 36.5 million ($27.7 million), equivalent to … [Read more...] about Mullen Group Reports 15% Drop in Q2 Profit
Bond Investors Concerned About Inflation Rebound
Bond investors are growing increasingly worried about the possibility of inflation rebounding, as the U.S. labor market continues to show no signs of weakening. The latest data from Thursday further reinforced this concern, as first-time jobless benefit claims dropped to a two-month low of 228,000 last week. In response to the report, Treasury yields for one- through 30-year … [Read more...] about Bond Investors Concerned About Inflation Rebound
