So far, commodities have been the best performing asset class in 2021 amid record high prices, but will rising interest rates next year hold back the momentum of this investment?The sped-up tapering is signaling steeper interest rate hikes over the next two years, consequently, this will add to the US …
Read More »What Does New US Inflation Data Reveal About Economic Outlook?
The US is suffering from its highest inflation wave in 40 years according to newly released federal economic figures. For anyone hoping there would be an end to the exorbitant climb in prices before year-end, this was a disappointment. But it could be the peak.The Bureau of Economic Analysis released …
Read More »Brexit Trade Worries Hit UK Firms
British companies found it more and more hard in 2021 to trade with the European Union under the terms of the Brexit trade deal struck with the bloc, a survey showed on Thursday.The British Chambers of Commerce said 45% of companies surveyed in October found it very or relatively difficult …
Read More »Dow Jones Hits 36000 Points
US stocks rose for the third straight session on Thursday, the S&P gained 0.7% marching towards intraday record high of 4,743 hit on November 22nd, the Dow Jones added more than 200 points and the Nasdaq Composite jumped 0.8% as fears that the omicron variant would derail economic growth receded …
Read More »Canada’s Economy Rebounds, Outlook Highly Uncertain
Data released on Thursday showed GDP rose in Canada 0.8% in October and the Canadian economy is expected to grow at a 6.5% rate during the fourth quarter. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at least temporarily. Motor vehicle and parts manufacturing jumped 19% …
Read More »US Shares Edge Higher In Final Session Before Christmas
The major averages are comfortably higher on low volume as investors start to head for the exits and start the holidays.The S&P are up by +0.7%, Nasdaq +0.7% and Dow +0.6%. Ten of 11 S&P sectors are higher, led by Industrials and Materials. Real Estate is the only decliner. All …
Read More »Putin: Russia is Not Responsible For The Rise in Gas Prices in Europe
Russian President Vladimir Putin said Thursday, December 23, that it was unfair to accuse Russia of being responsible for the rise in natural gas prices to record levels in Europe, given that the Russian company Gazprom fulfilled all its supply commitments. Putin told an annual press conference that Gazprom had …
Read More »US Stock Futures Are Rising
US stock index futures rose in Thursday morning’s trading to offset yesterday’s losses. This rise in US stocks came after the US Food and Drug Agency (USFDA) announced that it had granted emergency approval to a drug developed by Pfizer to treat people infected with the Coronavirus, which has a …
Read More »Japan shares rise, tracking Wall Street
Japanese shares rose at the close on Thursday, tracking a strong close on Wall Street Wednesday night, while positive data from a South African study on the mutant Omicron boosted airline stocks. The Nikkei index jumped 0.83 percent to close at 28,798.37 points, recording a rise for the third consecutive …
Read More »Market Drivers – US Session – 22-12-2021
The White House has dimmed optimism over the Omicron batter after the US Food and Drug Administration approved a pair of pills from Pfizer and Merck to treat Covid-19. The White House has warned it will take more than six months to fulfil its initial order for Pfizer’s antiviral Covid-19 …
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