sp500index
The S&P 500 index is having a spectacular rally despite last week’s hawkish Federal Reserve decision. It soared to a record high, bringing the year-to-date gains to over 14%. It has also soared by more than 55% from its lowest level in 2022. Strong S&P 500 forecastsThis surge has been good news for ETFs that track the S&P 500 like the SPDR S&P 50 ETF (SPY), iShares Core S&P 500 (IVV), Vanguard S&P 500 (VOO), and SPDR Portfolio S&P 500 ETF (SPLG) that have also jumped. There are some more good news about these funds as more analysts turn extremely bullish on the index. In a statement during the...
Invezz
Emerging markets in Turkey, Egypt, and Nigeria experienced a surge following favourable adjustments in their credit ratings and economic outlooks, signalling increased investor confidence and potential economic stability in these regions. Turkey’s credit upgrade fuels optimismTurkey’s financial market showed positive movement after S&P Global Ratings upgraded the country’s sovereign credit rating. The upgrade was attributed to the government’s shift back to more orthodox economic policies, which have likely reassured investors about Turkey’s economic direction. Consequently, Turkey’s five-year...
Invezz
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