Market Update

The euro fell on Monday after rising last week that followed a shift from the European Central Bank to tighten monetary policy, as traders turned to the dollar on bets that the jump in jobs created by the US economy in January could lead to faster rate increases than US …

European shares rebounded on Monday after five straight weeks of losses, as gains in mining stocks and positive business results overshadowed fears of a series of looming monetary policy tightening and geopolitical tension. The pan-European Stoxx 600 index rose 0.1 percent, after falling 0.7 percent last week. Mining stocks led …

Eurozone’s investor sentiment extended its upbeat momentum in the second month of 2022; the latest data published by the Sentix research group showed on Monday. The gauge jumped to 16.6 in February from 14.9 in January vs. an advance to 15.2 expected. The index extended its recovery from the lowest …

Oil prices swung up and down on Monday, as some investors booked profits amid signs of progress in talks between the United States and Iran, while others remained optimistic about support for rising consumption as supply constraints remain. Brent crude rose 20 cents, or 0.2 percent, to $93.47 a barrel, …

Gold prices hit their highest in more than a week on Monday, as inflationary pressures from higher oil prices helped offset the impact of an increase in US Treasury yields after a positive jobs report, while the appetite for the metal also supported a decline in stocks. Gold rose in …

Australia has unveiled plans to welcome back double-jabbed tourists for the first time in two years. Australian Prime Minister Scott Morrison said on Monday that Australia will fully reopen its borders to all vaccinated visa holders from February 21, after nearly two years since closing it to non-citizens to mitigate …

German industrial production fell in December, as Europe’s largest economy was hit late last year by supply chain crises, official data showed on Monday. Industrial Production in Germany unexpectedly fell in December, suggesting that the manufacturing sector is not back yet. Eurozone’s economic powerhouse’s industrial output fell by 0.3% MoM, …

Japan’s Nikkei index fell on Monday, with shares of some industrial companies whose financial results were disappointing, while the stock market was affected by persistent fears of a faster global interest rate hike. The Nikkei index compensated some of its losses incurred in early trading, to close down 0.70 percent …

The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …

The EUR/USD pair posted its largest weekly gain since March 2020, adding roughly 350 pips to reach a fresh 2022 high of 1.1483, to now trade at around 1.1430. The Euro soared following the European Central Bank monetary policy meeting, after President Christine Lagarde surprised market players with her hawkish …