Stocks Take A Dip, NASDAQ focused on Tesla’s QER

Global stocks on Friday declined as investors looked to avoid “weekend risk”, mainly due to political tension. US, European and Asian stocks fell to a lower price, with only the Dow Jones holding onto gains. The Dow Jones outperformed other indices due to the quarterly earnings release from United Health Group and J.P. Morgan. Both companies saw earnings and revenue higher than Wall Street’s expectations. As a result, both stocks rose in value but are trading lower during this morning’s Asian session. 

Investors this week will mainly focus on comments from the Federal Open Market Committee members. Statements, speeches and press conferences will guide the Fed’s intentions for the next two committee meetings and rate decisions. Investors continue to believe another interest rate hike is not likely, regardless of inflation reading higher than expectations. According to many members of the FOMC, higher bond yields have resulted in mortgage rates rising and are tackling inflation without a hike. The US inflation rate read 3.7%, rather than declining to 3.6%. However, economists had previously advised inflation to read a minimum of 3.8% for another interest rate hike to be seriously considered. The main concern for investors was the producer inflation rate, which read 0.5%, notably higher than expectations. This indicates inflation will be removed above the 2% target over the next three months. 

Futures Trading From Pakistan: A Guide to The PMEX 

Are you a Pakistani investor with dreams of investing in US Indices such as Nasdaq, S&P500, gold, currency pairs, and more? Well, the good news is that it’s possible, and the way to do it is through the Pakistan Mercantile Exchange (PMEX). In this blog, we’ll take you on a journey through the exciting world of international investment, explaining how you can trade on PMEX and why it’s worth considering.

The Pakistan Mercantile Exchange Limited (PMEX) is Pakistan’s first and only multi-commodity futures exchange. It is regulated by the Securities and Exchange Commission of Pakistan (SECP). PMEX offers a diverse range of futures contracts based on various commodities and financial instruments, including both cash-settled and deliverable futures contracts. Visit our global markets playlist to learn more.