Daily Market Brief 22-11-22

February 7, 2023: Bank of America Warns of Debt Default

Bank of America: Be Prepared for a US Debt Default. Brian Moynihan, CEO of Bank of America, said it was necessary to prepare for the case of a US debt default and a recession that would lower corporate profits. Brian Moynihan, the CEO of Bank of America, said in an interview with CNN on Monday

Read More »

February 6, 2023: NFP Increase by 517K, Largest Gain Since July 2022

US Demand for Labour Remains Strong Despite Fears of Recession. Unexpectedly, the number of US available jobs increased in December, demonstrating that there is still robust demand for workers despite higher interest rates and growing recessionary fears. This could encourage the Federal Reserve to continue tightening monetary policy. According to the monthly Job Openings and

Read More »
No more posts to show