Market Update

US stocks rose slightly at the open on Wednesday, supported by a fresh batch of strong earnings reports. The Dow Jones Industrial Average rose 78.55 points, or 0.22 percent, to open at 35,835.43 points. The Standard & Poor’s 500 index rose 5.43 points, or 0.12 percent, to 4,580.22 points. The …

Durable Goods Orders in the United States declined 0.4%, or $1 billion, in September to $261.3 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed August’s increase of 1.3% and came in better than the market expectation for a contraction of 1.1%.

Germany’s economy ministry announced on Wednesday that they have lowered the 2021 growth forecast to 2.6% from 3.5% reported in April, per Reuters. Raised 2022 GDP forecast to +4.1% from April forecast of +3.6%. Expecting GDP growth of +1.6% in 2023.

The Bank of Canada (BoC) will announce its monetary policy decisions at 14:00 GMT. here are the expectations as forecast by the economists and researchers of Three major banks TDS “We expect the BoC to argue that the inflation surge is largely transitory, and to hold forward guidance for the …

European shares fell on Wednesday, with mining stocks leading losses after concerns about Chinese government intervention impacting metal prices, while mixed corporate earnings data kept investors on the alert. The pan-European Stoxx 600 index fell 0.2 percent but settled just below its August high. Asian technology stocks fell on an …

The Nikkei index fell eight points to close at 29,098.24 points, maintaining most of the gains it made in the past days, which amounted to about 500 points. The index had fallen earlier today to 28,870.25 points. But the broader Topix index fell 0.23 percent to 2013.81 points. In a …

The Nikkei index recovered its previous losses to end the day unchanged, as strong results for companies supported the market, despite the effect of the state of caution and anticipation ahead of the parliamentary elections at the weekend. The Nikkei index fell eight points to close at 29,098.24 points, maintaining …

Oil, Crude, trading

Investors await fiscal policy announcement, Wednesday, for clues that Canada’s central bank is turning more hawkish. Led by Governor Tiff Macklem, the Bank of Canada is expected on Wednesday to raise its inflation forecast and to largely end stimulus related bond buying program, starting a countdown of sorts to the …

WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …