Market Update

European shares extended gains on Thursday, a day after achieving their best session since the beginning of the year, boosted by the rise of German shares that received a boost from strong quarterly earnings growth for Siemens. Siemens shares jumped 7.3 percent after the company said it was seeing “extraordinary” …

Statistics Canada will release January Consumer Price Index (CPI) data on Wednesday, February 16 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of three major banks regarding the upcoming Canadian inflation data. NBF “While we expect strong print …

Japanese stocks rose on Thursday as technology shares followed their peers that made solid gains on Wall Street late Wednesday, although caution ahead of US data releases weighed on investor sentiment. The Nikkei index rose 0.42 percent to close at 27,696.08 points, after jumping more than one percent earlier in …

Easing government bond yields weighed on the US dollar, which anyway ended the day with mixed performance across the major currencies. The yield on the US 10-year Treasury note stands at around 1.93%, down from its weekly peak at 1.97%. The GBP/USD pair is unchanged on a daily basis trading …

WTI keeps the previous day’s bounce from short-term key supports around $89.00 during Thursday’s Asian session.Oil grinds higher towards the weekly resistance line, near $89.65 at the latest. Although a clear rebound from the 10-DMA and an upward sloping trend line from January 03, 2022, keeps buyers hopeful to overcome …

Bitcoin and other cryptocurrencies advanced on Wednesday, reversing an earlier pullback. Stocks were also higher, partly due to the decline in Treasury bond yields.Trading volume is starting to tick higher, but still below January highs. Most cryptocurrencies have been significant gainers in the last 24 hours, potentially signaling the market’s …

Oil prices could soar to $120 a barrel if Russia’s crude exports are derailed by tensions with Ukraine, according to projections from JPMorgan.The forecast underscores how a potential invasion of Ukraine would cause wide-ranging ripple effects that would be felt by inflation-weary consumers around the world. Any disruptions to oil …

Gold futures closed higher on Wednesday, with prices stretching their gains to a fourth-consecutive session to finish as the US dollar and Treasury yields eased back, boosting the appeal of the haven metal.Volatility in the metal’s prices could be explained by fluctuations in the US dollar, which also obviously has …

Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy.The benchmark 10-year US Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global …

Easing government bond yields weighed on the US dollar, which anyway ended the day with mixed performance across the major currencies. The yield on the US 10-year Treasury note stands at around 1.93%, down from its weekly peak at 1.97%. The GBP/USD pair is unchanged on a daily basis trading …