Market Update

Japan’s Nikkei rose for a third straight session Monday, October 11, extending recovery from last week’s six-week low, as a sharp drop in the yen boosted exporters while a drop in COVID-19 infections revived hopes of reopening the economy. The index closed up 1.60% to 28,498.20 points, advancing more than …

AstraZeneca Inc said on Monday that its antibody-mixture drug, the first protective dose other than vaccines against Covid-19, has achieved its main goals in last-stage trials by helping reduce severe cases of Covid-19 infection or death

The NFP report, Friday, crowned all market related news given its impact on the U. S. Fed’s tapering and consequently its impact on the U. S. economy and currency.The Dow Jones Industrial Average hovered around the flatline but finished a volatile week with its strongest gains since June. Volatility returned …

The Bank of England has warned that rising inflation could trigger a selloff in global financial markets, with a damaging impact on the UK economy.BoE expects inflation will rise above 4% this winter, and will remain elevated until at least the summer of 2022 before gradually falling back towards its …

Stocks closed in the red on Friday as investors digested a key report on the labor market’s recovery, which showed a much weaker than expected growth of hiring in September. The S&P 500 fluctuated between gains and losses throughout the day, trading choppily like recurrent waves after three successive sessions …

EUR/USD has risen above Thursday’s daily highs is trading at 1.1572, gaining 0.17% during the New York session. Earlier in the American session, it reached a daily high at 1.1586, but as most G8 currencies, retreated the move.Despite an awful US employment report, the market seems aware that nothing will …

U. S. President Biden on Friday brushed off a second month of disappointing jobs growth figures, claiming “monthly totals bounce around” before walking off without taking reporters’ questions.Biden spoke about 90 minutes later than scheduled and emphasized that the unemployment rate dropped to 4.8 percent in September; the lowest since …

At the meeting of finance ministers of the Eurozone in Luxembourg on Oct. 4, one prominent regular attendee was missing. Olaf Scholz, Germany’s finance minister and vice chancellor since 2018, was otherwise occupied in Berlin.Eight days earlier, his Social Democratic Party had won national elections under his leadership, making him …

Investors’ prevalent sentiment tends to be overwhelmed by hesitation and confusion which have become an inseparable part of the scene because the implications of the NFP jobs data announced Friday.The stock market was wavering on Friday after the September jobs report missed estimates, though the data were better than the …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by five to 433 this week. That followed increases in each of last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by five to stand …