Market Update

According to a report released by Statistics Canada on Friday, Canadian Retail Sales rose 0.7% MoM in November, less than the expected 1.2% rise and a sharp acceleration from October’s 1.5% MoM rise (which was revised lower from 1.6%). Statistics Canada’s flash estimate for December showed that Retail Sales most …

European shares fell sharply on Friday following a global sell-off in stock markets on concerns linked to the pace of central bank tightening and weak economic data. The pan-European Stoxx 600 index fell 1.4 percent in a broad sell-off and is headed for its worst daily performance in nearly two …

The dollar is set for its best weekly performance in a month against other major currencies on Friday, as the global reserve currency maintained its strength amid a sell-off of riskier assets in the markets. Investor sentiment has been affected in recent days by weak economic data, spreading inflation and …

Netflix missed Wall Street expectations for new subscribers at the end of last year and delivered a weaker-than-expected forecast in early 2022, as competition intensified in the battle for viewers of its online streaming services. The world’s largest streaming service added 8.3 million subscribers from October to December, when it …

Japanese shares fell on Friday, dragged down by losses in the technology sector, after the Nasdaq index fell 1 percent in the evening, on fears related to inflation and higher interest rates, which undermined the appetite for risk. The Nikkei index closed down 0.9 percent to 27,522.26 points, after dropping …

Retail Sales in the UK declined by 3.7% on a monthly basis in December following November’s increase of 1% (revised from +1.4%), the UK’s Office for National Statistics reported on Friday. This reading missed the market expectation for a decline of 0.6% by a wide margin. On a yearly basis, …

Oil prices fell on Friday, January 21, after rising to a seven-year high this week, as an increase in US crude and fuel inventories prompted investors to cash in on the rally. Gasoline stocks rose in the United States, the world’s largest oil consumer, by 5.9 million barrels, to the …

The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …

Dow Jones futures fell slightly overnight, while S&P 500 futures and Nasdaq futures lost some ground. For the second straight in a row, the major indexes tried to rebound but were pulled lower with sharp losses, extending the stock market correction.The Dow Jones Industrial Average fell 0.9% in Thursday’s stock …

The US dollar traded with a soft tone on Thursday, ending the day mixed across the major currencies. The EUR was among the weakest, while the AUD and the CAD were the strongest.Disappointing US employment data was behind the broad dollar’s weakness at the beginning of the American session, as …