US stock index futures fell in early trading on Monday, after major indexes posted their best week in months amid a stronger-than-expected start to the earnings season, Dow Jones Industrial Average futures fell 174 points or 0.5%, and S&P 500 futures were down 174 points, or 0.5%. By 0.5%, the …
Read More »The US Dollar Rises to Its Highest Level in One Year
On Monday, the US dollar returned to a one-year high hit last week as rising inflation expectations and rising bond yields added to its appeal against its rivals, with the New Zealand dollar falling off-trend thanks to strong data, and US Treasury yields boosting Monday, continuing the trend in recent …
Read More »Reuters: OPEC+’s commitment to Production Cuts Drops Slightly to 115% in September
Three sources from OPEC+ told Reuters on Monday that the alliance’s commitment to oil cuts fell slightly to 115 percent in September. The figure shows that some members are still facing production problems according to their agreed quotas due to various technical problems.
Read More »Crude Oil Prices Rose to Highest in More Than 7 Years
NYMEX crude prices rose during those moments from their highest levels since the beginning of October 2014, as they rose to levels of 83.73 dollars per barrel, an increase of about 1.5 percent. While the benchmark Brent crude broke the levels of 86 dollars for the first time since mid-October …
Read More »Gold Catches Its Breath
Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled. Gold futures were down 0.03% at $1,767.75, to offset losses after dropping 1.6% on Friday. The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on …
Read More »European Shares Slide on Inflation Fears
European stocks were lower on Monday after rising commodity prices raised concerns sparked by a deepening energy crisis, while weak weekly data from China kept fears of slowing economic growth. The pan-European STOXX 600 index fell 0.4 percent by 0707 GMT after an upbeat start to the quarterly earnings season …
Read More »Market Drivers – Asian Session 18/10/2021
Negativity dominated the performance of Asian stocks after the release of key Chinese economic data. Japanese stocks closed slightly lower Monday, October 18, as investors took profits after the latest rally, but automakers gained after Toyota hinted that it might meet its full-year production target despite a lack of chips. …
Read More »Japanese Stocks Close Lower on Profit-Taking
Japanese stocks closed slightly lower on Monday, October 18th, as investors took profits after the latest rally but car makers posted gains after Toyota hinted that it may meet its full-year production target despite a lack of chips. Investors have also been cautious as uncertainty grows over China’s economy as …
Read More »The Dollar Rises on Fears of Interest Rates
The dollar rose on Monday after weak economic data in China and a rise in oil prices worried investors that inflation would raise interest rates. In the Asian session, the dollar rose slightly, tracking US bond yields, halting the decline it suffered last week. It rose about 0.2 percent against …
Read More »The Chinese Economy is Faltering Due to The Electricity Crisis And Real Estate
China’s economy posted its slowest pace of growth in a year in the third quarter, weighed down by electricity shortages, supply chain bottlenecks, major fluctuations in the real estate market, and increasing pressure on policymakers to do more to support a faltering recovery. Data published on Monday showed gross domestic …
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