Market Update

Oil prices climbed for a third consecutive session on Monday, with Brent crude surpassing $81 a barrel to reach its highest level in over four months. The rally comes as newly imposed U.S. sanctions are expected to severely impact Russian crude exports to key buyers such as China and India. …

Bitcoin edged lower on Monday, marking its third consecutive day of decline, as stronger-than-expected U.S. payroll data heightened caution among traders. This reinforced the Federal Reserve’s outlook for limited interest rate cuts in 2025, adding to pressure on the cryptocurrency market. Bitcoin slipped 0.3% to $94,268.7 by 01:12 ET (06:12 …

Asian stock markets slid sharply on Monday, led by significant losses in Australian and Hong Kong equities, as stronger-than-expected U.S. payroll data prompted investors to reconsider the likelihood of near-term interest rate cuts by the Federal Reserve. The Hang Seng index in Hong Kong plunged significantly, while China’s Shanghai Shenzhen …

Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …

The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data for December. The stronger-than-expected job gains, significantly exceeding market expectations, pushed back the anticipated timeline for Federal Reserve (Fed) interest rate cuts. This, combined with persistent inflationary pressures and rising Treasury yields, fueled demand …

Bitcoin experienced a sharp decline on January 10th as unexpectedly strong US job market data diminished expectations of imminent interest rate cuts by the Federal Reserve. This news dampened investor enthusiasm for risk assets, including cryptocurrencies, as the prospect of tighter monetary policy loomed.The robust employment figures, exceeding market forecasts, …

The Dow Jones Industrial Average plummeted over 700 points on Friday, following the release of unexpectedly strong Nonfarm Payrolls (NFP) data for December. This robust jobs report, significantly exceeding market expectations, dampened hopes for imminent Federal Reserve (Fed) interest rate cuts. Simultaneously, the University of Michigan consumer sentiment survey revealed …

Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that interest rates should decrease if economic conditions remain stable, inflation does not resurge, and full employment is maintained, according to Reuters. Goolsbee emphasized that the labor market is currently stable at full employment and …

The recent US nonfarm payrolls report delivered a resounding message: the American labour market remains a force to be reckoned with. December witnessed a robust 256,000 job additions, significantly surpassing expectations and solidifying the economy’s resilience. This robust growth, particularly evident in the private sector, underscores the continued strength of …

Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled by strong travel demand and solid operational performance. Following the announcement, the airline’s shares rose 1.5% in premarket trading. The company posted adjusted earnings per share (EPS) of $1.85, surpassing the consensus estimate of $1.75. Revenue for the …