Market Update

The US dollar extended its decline on Tuesday while risk-sensitive currencies such as the British pound and the Australian dollar rebounded after falling overnight. Global stocks started February higher after falling nearly 5 percent in January, and the currency market changed course as well. After the dollar index reached its …

Shares in electric car maker Tesla rose nearly 10% Monday, on the overall market recovery. CNBC reported that Tesla’s stock had previously fallen nearly 20% in January, amid selling. Stocks came under pressure, especially after CEO Elon Musk said that Tesla will not offer any new model cars to customers …

European shares rose on Tuesday, tracking US stocks after upbeat comments from the US Treasury’s chief economist calmed some concerns about the future of the stock market, and UBS shares jumped after posting strong quarterly earnings. The pan-European STOXX 600 index rose 1.2 percent after recording its worst monthly performance …

Oil prices rose on Tuesday, hovering near the highest levels in seven years recorded last week, supported by expectations of continued tight supply due to a limited increase by major producers and a strong recovery in fuel demand after the pandemic. Brent crude contracts for April delivery rose 24 cents, …

Gold was up 0.6% to $1,797.5, silver was up 0.5% to $22.41 an ounce, and copper was up 0.4% to $4.33 per pound. Among energy ETFs, the United States Oil Fund was up 0.6% to $62.35, and the United States Natural Gas Fund was up 5.4% to $17.16.US equities advanced …

US Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Markets have been in disturbance. The Federal Reserve is taking steps to cool off the economy, as questions loom about the course of the recovery. And news headlines are announcing that government bond …

US equities advanced after midday on Monday as technology and consumer discretionary sectors, which were among the worst performers last week, rebounded.The Nasdaq Composite jumped 2.4% to 14,101.01, with the S&P 500 up by 1.2% to 4,485.12. The Dow Jones Industrial Average climbed 0.6% to 34,938.32 after briefly trading in …

Federal Reserve Bank of Richmond President Thomas Barkin said, Monday, that he would like the Fed to get better positioned. “How fast we go depends on how the economy develops, he added, saying also that the pace of rate hikes will depend on the pace of inflation. I’d like us …

At $1,799, the Gold Index (XAU/USD) is firm in the New York session, trading 0.37% higher on Monday. Equity markets started the week supported by greater clarity on the Federal Reserve’s policy normalization path and buoyed by central banks’ focus on securing a sustainable business cycle.Emergency monetary policy accommodation will …

Federal Reserve Bank of Atlanta President Raphael Bostic on Monday said that he expects three rate hikes in 2022, in a reiteration of remarks made over the weekend. He clarified that a 50bps move in March was not the Fed’s preferred policy action and that the Fed is not fixed …