Economic Report

The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022. But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday. Despite the rise …

The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%.All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus …

The S&P 500 Index hit a fresh intra-day record high on Thursday at 4808, but for the most part has traded within the ranges established over the last three sessions, where the index has mostly traded between the 4775 and 4805 levels. The index trades now almost touched the 4800 …

US Inventories rose rapidly as businesses sought to stock up for the holiday shopping season. Container ships are anchored off the ports of Long Beach and Los Angeles to unload imported goods. The trade deficit in goods surged by 17.5% in November to set an all-time high, largely reflecting faster …

The euro slipped in thin trade over the Christmas holiday on Wednesday and the dollar pushed the yen to a one-month low as investors shrugged off a spike in omicron infections with renewed risk appetite. The Australian dollar rose as stocks rose, but the euro bucked the trend, falling 0.2 …

A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …

On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …

It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail sales across all modes of payment.The data, which covers sales from 1 November to 24 December …

The financial markets closed the trading week ending on December 24, with the progress of risk assets, led by global stocks, over the rest of the safe-haven assets, led by the US dollar. Over that week, the main drivers of the markets were the economic data and positive developments regarding …

Over the course of a year, consumer prices rose by 5.7%, the fastest surge of inflation seen in decades. Now, the omicron variant of COVID-19 is threatening any progress the country’s economy has made.In the late 1970s when inflation surged to 7, 8, 9, up to 11%, it was a …