Market Update

Housing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above expectations for a drop to 1.745M from 1.788M in February, data released by the US Census Bureau on Tuesday showed. Meanwhile, Building Permits rose by 0.4%, taking the rolling 12-month number of permits …

On Tuesday, the dollar rose to a 20-year high against the Japanese yen, and touched a two-year peak against the euro, boosted by rising US Treasury yields. The dollar index, which measures the performance of the US currency against six other currencies, rose to exceed 101 for the first time …

European shares are set to record their worst daily performance in nearly two weeks on Tuesday, as investors jittery over the war in Ukraine, expectations of a US Federal Reserve monetary policy tightening and mixed business results. The pan-European Stoxx 600 index fell 1 percent, after falling 0.9 percent last …

A report from the OPEC + group seen by Reuters showed that the production of the alliance of oil producers was less than production targets in March by 1.45 million barrels per day, with the beginning of a decline in Russia’s production after the sanctions imposed by the West. The …

Gold prices fell on Tuesday as the dollar rose on expectations that prices may in the near term retest the resilience of the yellow metal at the key level of $2000 an ounce. Spot gold fell 0.2 percent to 1975.36 dollars an ounce, and US gold futures fell 0.4 percent …

Japan’s Nikkei rose on Tuesday, but was unable to close above the psychologically important 27,000 point level, as concerns over the upcoming earnings season, a weaker yen and the outlook for US monetary policy limited its gains. The Nikkei closed up 0.69 percent to 26,985.09 points, after it swung in …

Major European markets were closed on Monday with generally quite subdued trading conditions for most of the day. Flows were picking up somewhat during US trade. Nonetheless, the US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index (DXY) hit its highest level since …

US inflation is “far too high,” according to Fed member James Bullard’s statements on Monday. Bullard offered further insight on the outlook for Fed’s monetary policy. Bullard is one of the bank’s most hawkish and has called for interest rates to reach 3.0% this year. Bullard repeated his case for …

US stocks ended little changed in remarkably thin trading Monday and Treasuries ticked lower at the long-end of the curve as investors focused on corporate results and prospects for faster policy tightening by the US central bank.The S&P 500 closed down less than 0.1%, after swinging between narrow gains and …

Major European markets has a day off, Monday, making for generally quite subdued trading conditions for most of the day, with flows picking up somewhat. The US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index hit its highest level since April 2020 in …