Broad market stocks experienced slight declines during the day, according to Alexander Morris, CEO and Chief Investment Officer of F/M Investments.
He attributed the movements mainly to profit-taking and some concerns over global politics, but noted that the changes were not significant.
Morris added that the VIX index remains low and equities generally continue to show an upward tendency.
Focus on Fed’s Next Moves
Morris also said that the U.S. Federal Reserve is expected to implement two more rate cuts this year.
He emphasised that Fed Chair Jay Powell is aiming to achieve a “perfect landing” to maintain market credibility. Morris noted that Powell’s primary objective is to keep inflation under control while restoring confidence in the Fed.
Nine suspects have been formally arrested over last week’s gun attack near Israel’s consulate in Istanbul, judicial officials have said...
Hungary’s political landscape is entering a new phase after voters brought an end to the long rule of Prime Minister Viktor Orbán, wit...
The reopening of Azerbaijan’s embassy in Iran reflects the “special relationship” between the two countries, a regional expert ha...
U.S. President Donald Trump forcefully criticised Pope Leo XIV late on Sunday in an unusually direct attack on the leader of the global Catholic Ch...
Millions of people in Sudan are surviving on just one meal a day as the country’s worsening hunger crisis pushes communities closer to famine...
Nine suspects have been formally arrested over last week’s gun attack near Israel’s consulate in Istanbul, judicial officials have said. The assault left one attacker dead and two Turkish police officers lightly wounded.
Hungary’s political landscape is entering a new phase after voters brought an end to the long rule of Prime Minister Viktor Orbán, with analysts pointing to economic discontent and governing fatigue rather than a decisive ideological break.
The reopening of Azerbaijan’s embassy in Iran reflects the “special relationship” between the two countries, a regional expert has said.
U.S. President Donald Trump forcefully criticised Pope Leo XIV late on Sunday in an unusually direct attack on the leader of the global Catholic Church, triggering a backlash from religious leaders and believers worldwide.
Hungarians vote in elections on Sunday that could see the end of hard right nationalist Prime Minister Viktor Orbán’s more than 15 year rule. Opinion polls show Orbán’s Fidesz party trailing 45-year-old Péter Magyar’s centre-right opposition Tisza party.
U.S. and Iranian negotiators held their highest-level talks in half a century in Pakistan on Saturday in an effort to end their six-week war, as President Donald Trump said the U.S. military had begun the process of clearing the Strait of Hormuz.
At least 30 people were killed on Saturday in a stampede at Haiti’s Laferrière Citadel World Heritage Site, with authorities warning that the death toll could rise.
Israel has reprimanded Spain’s most senior diplomat in Tel Aviv after a giant effigy of Prime Minister Benjamin Netanyahu was blown up in a Spanish town.
Nine suspects were arrested on Saturday (11 April) in connection with a terror attack targeting a police post in Istanbul’s Beşiktaş district.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
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