Japan’s Nikkei index fell on Monday, with shares of some industrial companies whose financial results were disappointing, while the stock market was affected by persistent fears of a faster global interest rate hike. The Nikkei index compensated some of its losses incurred in early trading, to close down 0.70 percent …
Read More »Weekly Recap 31 Jan – 4 Feb
The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …
Read More »Market Drivers – US Session – 4 February
The EUR/USD pair posted its largest weekly gain since March 2020, adding roughly 350 pips to reach a fresh 2022 high of 1.1483, to now trade at around 1.1430. The Euro soared following the European Central Bank monetary policy meeting, after President Christine Lagarde surprised market players with her hawkish …
Read More »Week Ahead: Inflation Data Next Focus For Investors After Bond Yield Spike
Fierce swinging in stocks and a sharp upping of government bond yields are putting the spotlight on next week’s US inflation data, as investors look forward to more volatility across asset markets.A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …
Read More »Latin American Assets Impacted By Strong US Jobs Data
Most Latin American stocks and currencies fell on Friday after data showing strong jobs growth in the United States created room for a more hawkish US Federal Reserve.MSCI’s index of Latin American currencies. MILA00000CUS fell 0.8% and stocks .MILA00000PUS dropped 0.5%. Still, both the indexes were set for weekly gains …
Read More »US Stocks Climb While Jobs Data, Earnings Digested
Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year. Stocks on Wall Street rose on Friday, as an unexpectedly strong jobs report scrambled investors’ expectations for coming interest rate increases and as the latest …
Read More »Gold Price Stuck Around $1,800
The gold market hovers around $1,800 per ounce and might not go anywhere anytime soon as market sentiment among Wall Street traders and analysts remains neutral to bearish. Retail investors remain bullish on gold.Gold prices are caught smack in the middle of opposing forces as the global economy faces rising …
Read More »Oil Stocks Boost European Shares
European shares rose slightly on Friday as oil inventories rose but persistent concerns about inflation and an impending interest rate hike by the European Central Bank. The pan-European Stoxx 600 index rose 0.4 percent, after falling nearly 2 percent in the previous session. Oil inventories led the gains, adding 1.4 …
Read More »Gold Rises as Dollar Slips Ahead of US Jobs Report
Gold prices rose as the dollar fell on Friday, as markets awaited the US jobs report that may affect the Federal Reserve’s inclination to tighten monetary policy. Spot gold rose 0.1 percent to $1,805.90 an ounce. And US gold futures rose 0.2 percent to $ 1807.20. If the US jobs …
Read More »Japan’s Nikkei Index Records First Weekly Increase in 5 Weeks
The Japanese stock index rose after a mid-day break on Friday, reversing its trend after a tepid morning session, to end the day with strong gains that halted a four-week decline. The Nikkei index closed the day’s trading, up 0.73 percent, recording 27439.99 points. Over the week, it recorded an …
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