Market Update

On Wednesday, gold prices fell to their lowest in nearly two weeks, weighed down by persistently higher US bond yields and the dollar. By 0741 GMT, spot gold fell 0.4 percent to $ 1941.40 an ounce, and US gold futures fell 0.7 percent to $ 1944.80. On Tuesday, the price …

The prices of US natural gas contracts rose to their highest level in nearly 14 years when settling Monday’s trading, in conjunction with a drop in temperatures in the United States and the continued weakness of global supplies due to the Russian-Ukrainian war. Expectations have increased about the high demand …

On Wednesday, oil prices made up for the heavy losses incurred in the previous session, with attention focused on the short supply from Russia and Libya, while data showed a decline in US inventories last week. Brent crude futures rose 66 cents, or 0.6 percent, to $ 107.91 a barrel …

Japanese stocks rose on Wednesday for a second straight session, as technology heavyweights tracked Wall Street’s overnight gains, while the yen’s recent decline helped boost automakers’ shares. The Nikkei index closed up 0.86 percent to 27,217.85 points, while the broader Topix index closed up 1.03 percent to 1,915.15 points. “US …

European shares rose on Wednesday after positive business results from food and beverage companies, but concerns about the war in Ukraine, slowing growth and rising revenue limited gains. The pan-European Stoxx 600 index rose 0.5 percent, with banking and food and beverage stocks gaining 1.3 percent each. Meanwhile, the mining …

Money flowed out of bonds again, sending the 10-year Treasury yield higher by 4 basis points to 2.9%. The bond market continues to price in aggressive rates by the Federal Reserve this year.Economic DataHousing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above …

Crude Oil has been bullish since US WTI crude reversed from $-37.50 two years ago. It headed toward $100 where it traded for some time, but the conflict in Ukraine last month sent it surging higher, especially when the US president Joe Biden decided to place sanctions on Russian oil. …

The Swiss National Bank sees the current increase in inflation as a temporary phenomenon, Chairman Thomas Jordan said on Tuesday, although the central bank would keep a close eye on the situation.Central banks including the US Federal Reserve and the Bank of England have started raising interest rates to fight …

Atlanta Fed President and FOMC member Raphael Bostic on Tuesday reiterated the important of getting rates to neutral territory “expeditiously”, though cautioned that a 75 bps rate hike is “not on the radar”.Bostic said he estimates the neutral rate to be around 2.5% and feels the US economy is strong …

Chicago Fed President and FOMC member Charles Evans on Tuesday pushed back against the idea of larger than 50 bps rate hikes at upcoming Fed meetings, saying that he doesn’t see the need for them, reported Reuters. Evans said he is comfortable with a rate hike path this year that …