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S&P 500

S&P 500 Opens Marginally Higher As Initial Jobless Claims Drop

The S&P 500 index opened marginally higher on Thursday, but the upside momentum lacks a punch as a variety of mixed news and data hit the markets. The Initial Jobless Claims for this week were marginally higher than projected but were lower than the previous week's data. Despite starting the...

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gold price

Gold Price Jumps As Jobless Claims Disappoint

Gold price jumps after US initial jobless claims for the week of May 30 dropped to 1.877 million from 2.126 million but came above the consensus estimates of 1.833 million. The positive news is that the downward trend continues, but the figure is still very high as the economy is [...]

ECB Leaves Rates Unchanged; Raises PEPP Facility by €600 billion

The Governing Council of the European Central Bank (ECB) left its key interest rates unchanged. Rates for the refinancing operations, marginal lending facility and the deposit facility will stay at 0.00%, 0.25% and -0.50%, respectively. This decision is in line with the projections of the market. However, Pandemic Emergency Purchase [...]
Dow Jones

Dow Jones retreats ahead of US nonfarm payrolls data

The Dow Jones declined slightly in the futures market, ending a four-day rally that has taken it to the highest level since March. The index reacted to news that some airlines were starting to consider resuming flights and that the ECB was adding more funds to its quantitative easing program. [...]