Market Update

Banks in Britain with no more than 15 billion pounds ($19 billion) in assets could benefit from lighter capital requirements given they would pose less of a risk to financial stability if they went bust, the Bank of England said on Friday.Britain’s departure from the European Union makes it possible …

The bullish attempt in EUR/USD appears to have bumped into a wall around the 1.0600 yardstick at the end of the week.EUR/USD retreats from earlier highs near 1.0600 amidst some tepid rebound in the USD, although the mood around the dollar remains tilted towards the bearish side on Friday.The pair …

Core PCE inflation fell a little more than expected in March, but the Employment Cost Index jumped in Q1. The latest Personal Income and Spending figures for March will instill confidence about the underlying strength of the US economy. Annual inflation in the US fell to 5.2% in March according …

Data from the Turkish Statistical Institute showed on Friday that the foreign trade deficit rose 75 percent year-on-year to $8.17 billion in March, driven by a 30.7 percent increase in imports. The data showed that imports amounted to $30.88 billion in March, while exports rose 19.8 percent to $22.71 billion. …

German inflation in April reached its highest level in more than four decades, driven by prices of natural gas and mineral oil products that have risen sharply since Russia’s attack on Ukraine. On Thursday, the Federal Statistics Office said consumer prices rose 7.8 percent year on year, up from 7.6 …

European shares rose on Friday, supported by strong earnings results and rising mining and technology shares, boosting risk appetite at the end of a volatile month dominated by fears of slowing global growth. By 0711 GMT, the pan-European Stoxx 600 index rose 0.8 percent, trimming its monthly losses to 1.1 …

Oil prices rose for a fourth day on Friday as fears of Russian supply disruptions outweighed the impact of anti-Covid-19 lockdown restrictions in China, the world’s largest crude importer, casting a shadow on demand. By 0639 GMT, Brent crude futures rose 88 cents, or 0.8 percent, to $108.47 a barrel, …

The Dollar Index (DXY), a trade-weighted basket of major USD currency pairs, surpassed its 2017 highs to come within a whisker of hitting 104.00, its highest level since December 2002. This was primarily a result of a steep sell-off in the yen that launched USD/JPY to fresh multi-decade highs of …

The EUR/USD pair remains in the red despite a pick-up in global shares. The Euro is taking some of the brunt due to the volatility in the currency marketplace following the Bank of Japan’s dovish announcements and a subsequent dash for the US dollar. At the time of writing, EUR/USD …

Amazon shares dropped as much as 9% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.Amazon on Thursday gave a revenue forecast that trailed analysts’ estimates. Growth rates are at their slowest since the dot-com bust in 2001. The company recorded a $7.6 …