Market Update

European stock prices jumped on Thursday after a positive economic outlook released by the US Federal Reserve improved buying interest, and investors turned their attention to the European Central Bank meeting results. The pan-European Stoxx 600 index rose 1.4 percent by 0813 GMT on expectations of the best daily performance …

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) worsened to 57.6 in December versus 57.6 expected and 58.1 – November’s final reading. The Preliminary UK Services Business Activity Index for December slumped, arriving at 53.2 versus November’s final readout 58.5 and 57.0 expected.

The Nikkei index jumped Thursday, December 16, to record its largest gain in nearly seven weeks, after the US Federal Reserve’s decision to end pandemic-period bond purchases came in line with investor expectations. The Nikkei rose 2.13% to 2,9066.32 points, the largest increase since the first of November, while the …

Wednesday was the Fed’s big day. US stocks rose after Federal Reserve officials approved plans to speed up the withdrawal of the pandemic stimulus efforts, giving investors and traders more insight into the central bank’s response to hot inflation.All three major indexes turned higher after the afternoon release of a …

Reserve Bank of Australia’s Governor, Phillip Lowe spoke before the CPA Australia Riverina Business Conference and signaled a number of stances regarding the central bank’s upcoming policy. The title of Lowe‘s speech wass, ‘the RBA and the Australian Economy.’ Key Remarks The conditions for a rate hike will not be …

UK inflation figures climbed to a 10-year high in November as consumer prices continue surging while traders, investors and market participants eye the Bank of England’s crunch monetary policy meeting on Thursday.The Consumer Price Index rose by 5.1% in the 12 months to November, up from 4.2% in October, which …

US stocks rose after Federal Reserve officials approved plans to speed up the withdrawal of the pandemic stimulus efforts, giving investors and traders more insight into the central bank’s response to hot inflation.All three major indexes turned higher after the afternoon release of a much-awaited Fed statement, published at the …

The U.S. dollar strengthened versus major rivals Wednesday after the Federal Reserve, as expected, moved to accelerate the wind-down of its monthly bond purchases, putting them on track to finish by March. The Fed’s move is also seen clearing the way for rate increases, with policy makers penciling in three …

The Federal Reserve Bank Chair Jerome Powell said in his post-Fed meeting press conference that with inflation so far above the Fed’s 2.0% target, we can’t wait too long to get back to maximum employment. Key Remarks: “Inflation that we’ve got is not at all what we were looking for …

The Federal Reserve sent to the financial markets multiple indications on Wednesday immediately after concluding the two-day policymaking meeting. The US Federal Reserve announced on Wednesday that the FOMC had agreed to leave the Federal Funds target range unchanged at 0.0-0.25%, in line with expectations. Moreover, the pace of the …