Market Update

The Nikkei was slightly higher at the close on Wednesday, helped by a rise in chip and technology stocks, but its rally was limited by a fall in Nintendo Corp. The Nikkei closed up 0.16 percent after swinging between losses and small gains throughout the session in weak trading due …

Oxford University and AstraZeneca have begun work on an Omicron-targeted version of their coronavirus vaccine, joining the ranks of their peers who are studying the potential for adapting formulations of their shots in case they become necessary to tackle the variant. When asked about Omicron, Sandy Douglas, a research group …

The benchmark Nikkei index rose slightly at the close on Wednesday, December 22nd, supported by a rise in chip and technology stocks, but its rise was limited by a decline in Nintendo’s shares. The index closed 0.16% higher after swinging between small losses and gains throughout the session in weak …

Oil prices stabilized on Wednesday, December 22, as traders awaited indicators of fuel demand amid fears related to Covid-19 after Singapore suspended travel without quarantine, and Australia renewed its vaccination campaign as cases of the mutant Omicron of the Coronavirus rose. Brent crude futures rose eight cents, or 0.1%, to …

The US current account deficit widened to $214.8 billion in the third quarter of this year, while it was expected to record $205 billion, marking its highest level since the third quarter of 2006, according to the US Department of Commerce. The data showed a deficit of $198.3 billion in …

According to the US Bureau of Economic Analysis (BEA)’s final GDP estimate, the US economy grew at an annualized QoQ pace of 2.3% in Q3 2021, above the prior estimate for a growth rate of 2.1%. to be updated …

The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …

WTI crude oil battles monthly resistance line after rising the most in over two weeks. The oil benchmark retreats to USD 71.22 during early Wednesday morning in Asia.Crude oil benefited from the market’s optimism to overcome the virus-related fears. Though, the weekly industry inventory report by the American Petroleum Institute …

Wall Street’s equity markets rebounded from Monday’s retreat as risk appetite surged and recovered from a three-day decline ahead of the Christmas holiday later this week. The Dow Jones Industrial Average rose 1.5% to 35,441.21, the S&P 500 increased 1.6% to 4,639.79, and the Nasdaq Composite was up 2.2% to …

US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have patriotic duty to get vaccinated, Biden added.Biden also noted “We are not going back to March 2020, we can keep our K-12 schools open”. US markets are brushing the …