Market Update

The Canadian Dollar Strengthened on MondayThe Canadian Dollar (CAD) appreciated by 0.5% on Monday, benefiting from a weakening of the US Dollar across the market. This move was further supported by the resignation of Canadian Prime Minister Justin Trudeau.Prime Minister Trudeau ResignsPrime Minister Trudeau announced his resignation as leader of …

The Dow Jones Industrial Average rallied on Monday, reclaiming the 43,000 mark, driven by a surge in technology stocks and tempered concerns over potential tariffs.Reports emerged suggesting a possible shift in the incoming administration’s stance on tariffs, indicating a more nuanced approach than initially anticipated. While the incoming President initially …

The euro rises 1%, earlier during the North American session. After reaching 1.0224 last week, the euro bounces back against the US dollar on Monday. As markets are driven by political unrest in Italy, Austria, and Canada, President-elect Trump seems to be considering imposing universal US tariffs. The EUR/USD pair …

Trump Denies Report on Critical-Only Tariff Plans, Markets Rally US President-elect Donald Trump has denied a newspaper story claiming that his aides were exploring tariff ideas that would only cover key goods. The news published earlier, on Monday, citing three sources familiar with the matter, reported that Trump aides were …

Gold prices declined on Monday as rising US Treasury yields dampened investor appetite for the non-yielding asset. This move comes as the Federal Reserve signaled a potential shift towards a slower pace of interest rate cuts, prompting investors to closely monitor upcoming economic data for further clues on the central …

U.S. stock index futures opened the week on a positive note Monday, with investors focusing on upcoming economic data and Federal Reserve commentary. Market Performance as of 06:15 ET (11:15 GMT) Dow Jones Futures: Up 40 points (0.1%) S&P 500 Futures: Up 30 points (0.5%) Nasdaq 100 Futures: Gained 180 …

The euro zone’s economic activity contracted for the second consecutive month in December 2024, as ongoing weakness in the manufacturing sector overshadowed a modest recovery in services, according to the latest survey data. Key Economic Indicators HCOB Composite PMI: Rose to 49.6 in December from 48.3 in November, slightly above …

European stocks opened higher on Monday, supported by robust performances in the technology and banking sectors, as investors gear up for a week filled with crucial economic data, including inflation reports from Europe and jobs data from the United States. Market Highlights STOXX 600: Europe’s benchmark index rose 0.3% by …

Bitcoin extended its rally on Monday, marking a seventh consecutive session of gains. The cryptocurrency has been recovering from its year-end slump as investors cautiously monitor the regulatory landscape ahead of President-elect Donald Trump’s inauguration later this month. Key Price Movements Bitcoin: Gained 1.1%, trading at $99,513.7 by 01:35 ET …

Oil prices edged lower on Monday, pressured by a strong U.S. dollar and market anticipation of upcoming key economic data and Federal Reserve policy signals. Concerns over sanctions on Iranian and Russian oil also weighed on sentiment, despite recent price gains supported by cold weather and fiscal stimulus measures in …