Market Analysis, May 9th 2025
Автор: STA Research Inc. (stocktargetadvisor)
Загружено: 2025-05-09
Просмотров: 115
Описание:
Don-CEO of STA Research (Financial Analyst & Trader), discusses the market action in global markets for Friday May 9th,
Canadian Markets rose due to higher oil and gold prices, despite a rise in the unemployment rate to 6.9% in April, driven by a drop in manufacturing jobs. This has raised speculation about a possible rate cut from the Bank of Canada.
U.S. stocks were mixed as traders took profits, but sentiment improved after President Trump hinted at cutting China tariffs by 80%.
European Markets gained, with Germany’s index hitting a record high amid trade optimism. UK commodity stocks rose after the Bank of England’s chief economist downplayed the impact of a U.S.-UK trade deal.
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