Market Update

German industrial production fell in December, as Europe’s largest economy was hit late last year by supply chain crises, official data showed on Monday. Industrial Production in Germany unexpectedly fell in December, suggesting that the manufacturing sector is not back yet. Eurozone’s economic powerhouse’s industrial output fell by 0.3% MoM, …

Japan’s Nikkei index fell on Monday, with shares of some industrial companies whose financial results were disappointing, while the stock market was affected by persistent fears of a faster global interest rate hike. The Nikkei index compensated some of its losses incurred in early trading, to close down 0.70 percent …

The US dollar ended last week’s trading with losses. The dollar index, which measures the US currency against a basket of major currencies, fell to 95.48 points, compared to 97.13 points posted last week. The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest …

The EUR/USD pair posted its largest weekly gain since March 2020, adding roughly 350 pips to reach a fresh 2022 high of 1.1483, to now trade at around 1.1430. The Euro soared following the European Central Bank monetary policy meeting, after President Christine Lagarde surprised market players with her hawkish …

Fierce swinging in stocks and a sharp upping of government bond yields are putting the spotlight on next week’s US inflation data, as investors look forward to more volatility across asset markets.A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …

Most Latin American stocks and currencies fell on Friday after data showing strong jobs growth in the United States created room for a more hawkish US Federal Reserve.MSCI’s index of Latin American currencies. MILA00000CUS fell 0.8% and stocks .MILA00000PUS dropped 0.5%. Still, both the indexes were set for weekly gains …

Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year. Stocks on Wall Street rose on Friday, as an unexpectedly strong jobs report scrambled investors’ expectations for coming interest rate increases and as the latest …

The gold market hovers around $1,800 per ounce and might not go anywhere anytime soon as market sentiment among Wall Street traders and analysts remains neutral to bearish. Retail investors remain bullish on gold.Gold prices are caught smack in the middle of opposing forces as the global economy faces rising …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural …

Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …