Market Update

UK stocks struggled for traction on Monday as a warning over the omicron variant weighed on THE market sentiment.The FTSE 100 index UK:UKX slipped by 0.2% to settle at 7,278, though the mining sector appeared to be getting a boost, after China’s top officials reportedly set 2022 targets that included …

The Bank of Canada announced on Monday that it had agreed with the government to leave its inflation target at the 2.0% midpoint of a 1.0%-3.0% range for the next five years, as expected. Key Quotes:“Agrees with the government that monetary policy should continue to support maximum sustainable employment while …

After quickly recovering from the Omicron-related scare, shares markets look prepared to start to receive, digest and handle a busy week for central banks.With some hawkish signals expected, markets could be in for a session of volatility in the closing days of 2021 even though some of the policy shifts, …

US stock index futures continued to rise with this week’s opening on Monday morning, especially the “S&P 500” index, which reached its highest level ever last Friday. Today’s gains came after a positive end last week on “Wall Street,” with US investors ignoring the data of the most significant annual …

OPEC on Monday raised its forecast for global oil demand in the first quarter of 2022 but left its full-year growth forecast unchanged, saying the Omicron mutant from the coronavirus would have a slight impact as the world coped with the pandemic. The Organization of the Petroleum Exporting Countries (OPEC) …

Investors have been on the sidelines during the Asian session today ahead of this week’s big events and central banks meetings. The dollar rose in early European trading on Monday at the start of a week that includes a number of central bank meetings, including the Federal Reserve, while concerns …

The Turkish lira fell to new record levels against the US dollar, to break the barrier of 14 Lira to the dollar for the first time in its history after the S&P credit rating agency changed its outlook for the Turkish economy from stable to negative. The agency, S&P, said …

The dollar rose in early European trading on Monday at the start of a week that includes several central bank meetings, including the Federal Reserve. At the same time, concerns remain about the omicron mutating from Covid. The dollar index, which measures the greenback against a basket of six other …

Oil prices rose on Monday, extending the gains made last Friday, supported by growing optimism that the impact of the mutated Omicron strain of the Coronavirus will be limited to global economic growth and fuel demand. US West Texas crude rose 69 cents, or 1.0 percent, to $72.36 a barrel, …

Japanese stocks closed higher on Monday, following in the footsteps of US stocks, and technology shares led the gains as investors looked confident in the economic recovery in a week of central bank meetings. The Nikkei index rose 0.71 percent to 28,640.49 points, its first gain in three sessions, when …