Market Update

In a blog post on Medium, Minneapolis Fed President and traditionally dovish FOMC member Neel Kashkari argued that, given that long-term real rates have the greatest influence on the demand for credit, financial conditions are already nearly back to neutral levels. But Kashkari argued that the Fed still needs to …

The US economy added 428,000 jobs in April, according to the latest Non-farm Payrolls (NFP) report released by the US Bureau of Labour Statistics on Friday. That was a little above the median economist forecast for a gain of 391,000 jobs, and exactly in line with the pace of jobs …

Oil prices rose for the third consecutive session on Friday, shrugging off concerns about global economic growth as looming European Union sanctions on Russian oil raised the possibility of a supply shortage. Brent crude futures rose $2.08, or 1.88%, to $112.98 a barrel by 0922 GMT, while US West Texas …

Canada will release April employment figures on Friday, May 6 at 12:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers at five major banks regarding the upcoming employment data. CIBC “A continued strengthening of demand for consumer-facing services likely resulted in …

Gold prices fell on Friday and appeared to be poised for a third consecutive weekly loss as the dollar and Treasury yields rose after the Federal Reserve’s strong stance, while investors awaited US jobs data due on Friday. Spot gold fell 0.2 percent to $1,873.75 an ounce by 0742 GMT, …

The Japanese Nikkei index changed course and closed higher on Friday, as investors snapped shares in hopes of companies posting solid profits, despite selling in the broader Asian markets amid concerns about China strengthening its tough policy in the face of the Coronavirus. The Nikkei closed up 0.69 percent at …

European shares fell on Friday, heading for their worst week in two months, after a sharp fall in Wall Street as investors feared a bigger interest rate hike would be needed to curb high inflation. The pan-European STOXX 600 index was down 0.6 percent by 0709 GMT, with the travel, …

The US will release its April employment figures on Friday, May 6. The NFP report is expected to show that the economy added 391K new jobs, below the previous 431K but still a good figure. The unemployment rate is expected to have contracted to 3.5% from 3.6% in the previous …

Cryptocurrency prices slid Thursday afternoon along with major stock market indexes. Cryptocurrencies have traded more in line with other risk assets, like growth and tech stocks.Bitcoin fell to $36,431.57, down 8.4% from Wednesday, according to Dow Jones Market Data. Ethereum fell 6.4% to $2,754.37. The most famous crypto asset tumbled …

Russian natural-gas supplies have increasingly become a tool of pressure in the conflict between Moscow and Europe over Ukraine while Europe still relies on Russia for 40 percent of the gas that warms and lights its homes and businesses.The confrontation Russo-European conflict has also ignited a stubborn challenge for the …