Market Update

The dollar rose in trading on Monday ahead of a series of central bank meetings this week including the US Federal Reserve, and investors are looking forward to how quickly to end bond buying and hints about when interest rate hikes will begin in 2022. The euro fell, as it …

The headline US Producer Price Index (PPI) rose at an annual pace of 9.6% in November, according to the latest report from the US Bureau of Labor Statistics on Tuesday. That was above the median economist forecast for 9.2%. MoM, PPI came in at 0.8% in November, also well above …

European shares rose somewhat on Tuesday from one-week lows as investors focused on important central bank meetings this week. The pan-European Stoxx 600 index rose 0.5%. The early gains were led by mining, chemical, and food and beverage stocks. The US Federal Reserve is expected to indicate a rapid pullback …

Investors have been on the sidelines during the Asian session today ahead of this week’s big events and central banks meetings. Japanese stocks closed lower on Tuesday as cautious investors shied away from big bets ahead of meetings of the Federal Reserve and other central banks, while the spread of …

The US dollar rose to the highest level in a week against a basket of major currencies on Tuesday, December 14, supported by expectations of tightening from the US Federal Reserve at its meeting this week and the demand for safe havens amid continued uncertainty about the Omicron pivot from …

The Turkish lira pared its decline slightly after falling by 4% on Tuesday, December 14, after a day in which it plunged to record lows on concerns about President Recep Tayyip Erdogan’s new economic policy and the prospects of another interest rate cut this week. The lira touched 14.4 against …

The Senate will vote Tuesday on legislation lifting the government’s debt ceiling to stave off the risk of a default to avoid shutdown according to Majority Leader Chuck Schumer, without mentioning how much the increase will be.Senate passage, which requires only a simple majority, would send the debt limit measure …

US Treasury yields slid at the close of Monday’s trading, impacted by investors and traders’ anticipation concerning the upcoming decisions by the Federal Reserve Bank.The said anticipation caused risk appetite to retreat across global financial markets. The 10-year US Treasury yield fell to 1.414% from last week’s close of 1.415, …

Crypto assets currently pose limited risks to the stability of the UK financial system according to the Bank of England in its Financial Stability Report, released Monday. But the pace of growth means cryptocurrencies could become more dangerous as they become increasingly linked to wider financial networks, the report added.“Material …

The shift toward renewable energy has to be managed very carefully in order to prevent a surge in oil prices as energy demand continues to rise, according to Saudi Arabia’s finance minister.“We have very serious concerns that the world could run short of energy if we are not careful in …