Market Update

European shares incurred losses at the beginning of today’s session, affected by negative sentiment stemming from renewed concerns about the real estate sector in China and mixed quarterly earnings results. The pan-European Stoxx 600 index fell 0.4%, retreating from a six-week high. Asian stocks also fell after news of a …

Japan’s Nikkei index fell nearly 2% at the close of today’s session, pressured by fresh concerns about China’s Evergrande ahead of a general election and concerns about the impact of rising costs on the future of companies. The Nikkei index closed down 1.87% at 28,708.58 points, while the broader Topix …

Japan’s Nikkei index fell nearly 2% at the close of today’s session, pressured by fresh concerns about China’s Evergrande Group anxiety ahead of a general election and concerns about the impact of rising costs on the future of companies. “The ruling LDP (Liberal Democratic Party) would probably win a majority …

The U. S. session witnessed no significant developments in terms of economic data. Positive corporate earning posts continued to back Wall Street and benchmark indexes.Wall Street cheered solid earnings from several health care companies. Abbott Laboratories for medical devices and drugs rose 3.6% beating Q3 estimates. Health insurer Anthem rose …

Bloomberg has said that bets on rising U.S. yields “are adding to pressure on interest rates in the short term funding market”, where corporate cash holders make overnight loans by Treasury securities as guarantee.Yields on two-year notes tipped 0.44% this week, the highest level in a year, while investors still …

The S&P 500 index, a proxy for the health of retirement and college savings accounts, has climbed by 0.4% for its sixth successive gain to close as solid earnings stir investors’ expectations and appetite.S&P 500 closed at 4,536.19. The Dow Jones Industrial Average rose by 0.4% to 35,609.34 and Nasdaq …

Francisco Blanch, Bank of America head of global commodities and derivatives research, told CNBC in a discussion on how much the energy sector is playing into the inflation story, why prices are elevated and how prices will look this holiday season.Blanch pointed out that surging energy prices in oil and …

62 percent of Americans hold Joe Biden as responsible for increasing inflation and believe the country is economically on the wrong track.A new poll released Wednesday said that Biden’s policies are responsible for inflation, which has hit its highest rate in 13 years.Morning Consult/Politico poll found that 18 percent believe …

EUR/USD erased daily losses amid a decline of the dollar. EUR/USD pair is modestly rising after a rebound from 1.1615. During the American session, the pair climbed to 1.1651, slightly below the registered daily highs. On Wednesday, the U. S. dollar fell across the board amid risk appetite across financial …

China’s power crisis has already impacted the domestic economy and raised concerns about winter’s cold weather which has started early in some provincesThermal coal futures have surged but senior officials keep promising to increase coal production and push energy prices lower. Beijing has stepped up its control over the nation’s …