Market Update

Gold prices fell on Wednesday, with the increase in the yield on US Treasury bonds and an imminent hike in the interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1% to $865.31 an ounce by 00:40 GMT. US gold futures fell 0.2% to …

Elon Musk said on Tuesday Twitter Inc. might charge a “slight” fee for commercial and government users, part of the billionaire entrepreneur’s push to grow revenue which has lagged behind larger rivals like Meta Platforms Inc’s Facebook. “Twitter will always be free for casual users, but maybe a slight cost for …

The European Union proposes a gradual embargo on Russian oil in the sixth round of sanctions against Russia The European Commission imposed new sanctions on the Kremlin on Wednesday, including the gradual cancellation of Russian crude imports for a period of six months to be updated…

lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs. A full recovery of driver supply from pandemic lows was taking …

Oil prices rose in early Asian trade on Wednesday after industrial data showed a decline in US crude and fuel stocks, which raised supply concerns. The price hike comes on the back of Tuesday’s news that the European Union is preparing to impose new sanctions on Russia over its invasion …

Gold prices fell on Wednesday with the increase in the yield on US Treasury bonds and an imminent hike in the US interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1 percent to $865.31 an ounce by 0040 GMT. US gold futures fell …

Financial markets were in a better mood on Tuesday, with global indexes managing to post gains, resulting in less demand for the safe-haven dollar.Hot inflation, tensions in Europe amid the Russian war on Ukraine and a rising number of coronavirus contagions, not only in China, anticipate a long road ahead …

The investors’ major focus point on Wednesday will be on the decision and press conference by the two-day Fed’s policy meeting, as financial markets expect the US central bank to press ahead with a rate hike and formally announce the launch of a much-anticipated balance sheet reduction.The Federal Open Market …

The AUD/USD pair stuck to a sideways drift on Tuesday following an initial spike on the back of a hawkish Reserve Bank of Australia. AUD/USD traded between 0.7150 highs and a low of 0.7080 in New York. The RBA surprises everyone with a 25bp move. Analysts at ANZ Bank explained, …

The Reserve Bank of New Zealand released its May 2022 Financial Stability Report. Reuters posted key notes from the reports follows:The New Zealand financial system remains well placed to support the economy.House prices remain above sustainable levels despite recent declines.Rising global interest rates have put downward pressure on the prices …