Market Update

Oil prices fell marginally during today’s session, amid anticipation of the OPEC+ meeting next Thursday, as well as the US Federal Reserve meeting, which will reveal a lot about inflation expectations and economic recovery, which in turn will affect demand. Brent crude futures for January 2022 delivery scored about $84.33 …

The Australian dollar fell on Tuesday after the Reserve Bank of Australia spoke less hawkish-than-expected at the first of a series of central bank meetings this week. Attention is now focused on the US Federal Reserve, which begins two days of meetings on Tuesday and is expected to announce the …

European shares fell on Tuesday from their unprecedented levels, as traders awaited upcoming meetings of central banks to elicit indications on decisions to gradually reduce stimulus and interest rates, while the decline in iron ore prices affected the shares of mining companies. The European Stoxx 600 index fell 0.3 percent …

Gold settled on Tuesday as market participants awaited the US Federal Reserve’s important policy meeting, in the face of mounting inflationary pressures and fears of slowing economic growth. There was little change in gold in spot transactions, as it recorded 1793.60 dollars an ounce (an ounce) by 0649 GMT. US …

The Asian session was quiet and the Australian interest rate decision was the main driver of the session on Tuesday. The Reserve Bank of Australia (RBA) board members announced no changes to the official cash rate (OCR), leaving it at a record low of 0.10% during their November monetary policy …

Japanese stocks closed lower on Tuesday as investors were reluctant ahead of an important meeting of the US Federal Reserve, which may reveal more of its plans to scale back stimulus measures and raise interest rates. The Nikkei index fell 0.43 percent to 29,520.90 points, a day after it achieved …

Financial markets stayed calm, on Monday, ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the U. S. Fed on Wednesday and the Bank of England Thursday.Global stock markets rose helped by developments on fiscal stimulus and undeterred by concerns of future …

Senator Joe Manchin said, Monday, he does not support the $1.75 trillion social safety net expansion bill Democrats are negotiating until there is greater clarity about its impact on the country’s national debt and the U. S. economy, casting major doubt about whether President Joe Biden can get his agenda …

The Reserve Bank of New Zealand’s governor, Adrian Orr, stated that the unsustainable level of house prices has imposed monetary, financial stability challenges on the country’s economy.House prices and housing affordability are affected by both supply and demand. Prices have become more unsustainable since November 2020. Domestic banks are working …

Natural gas prices increased in West Virginia Monday. The state Public Service Commission approved winter rates and unlike previous years, the rates have significantly increased.With natural gas prices up about four times as much as the price this time in 2020, the utilities are paying more to purchase gas and …