Market Update

Will the Federal Reserve have to walk on an economic tightrope in 2022? Fed moves to tighten policy in 2022 amid uncertain economic outlook and Fed Chairman Jerome Powell is entering 2022 with the American economy on shaky ground.Policymakers may face a challenging year for the US central bank as …

Bitcoin is traded at USD 49,206, up almost 6% over the last two days, the top crypto coin seemed to have started the week on a high note. While BTC still rode on a wave of volatility, the recent bullishness in price stirred the market anticipation of a high Bitcoin …

Banks in Europe are issuing a particular type of bond in droves, locking in super low borrowing costs ahead of possibly tighter monetary policy in 2022.Issuance of covered bonds, which are debt instruments sold by lenders, have recently risen to the highest monthly level since before the pandemic began, according …

A variety of notable mortgage rates decreased today, including average rates for both 15-year fixed and 30-year fixed mortgages.At the same time, average rates for 5/1 adjustable-rate mortgages also went down. Mortgage interest rates are never set in stone, but interest rates are the lowest they’ve been in years. Those …

US crude stocks fell more than expected in the most recent week due to year-end tax considerations, analysts said, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 4.7 million barrels in the week to Dec. 17 to 423.6 million barrels, compared with …

European stock indices lost their momentum to trade almost flat on Wednesday, as the global rebound of last session hesitates over uncertainty and fears about the surging infections with Omicron coronavirus variant.The US spending bill, and a worrying backdrop of rising inflation rates contributed to the performance of shares on …

Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Government data showed …

The sterling is sharply advancing up some 0.57%, rallying during the New York session, trading at 1.3344. The market sentiment is positive, as shown by European and US stock indices, trading in the green territory. Investors’ assessment of the Omicron variant slightly dented the market mood before Wall Street opened. …

The EUR/USD pair is extending on earlier session gains and has now persuasively cleared its earlier weekly highs around 1.1304 and is pressing on into the 1.1320s. Despite a broadly subdued tone to trade in other asset categories, like shares and bonds, currency markets have adopted a somewhat more risk-on …

Existing home sales in the US, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.9% from October to a seasonally adjusted annual rate of 6.46 million in November, below market forecasts of 6.52 million. Sales were up in the Midwest, the South and in the …