Market Update

The dollar rose in early European trade on Monday, extending gains from the previous session after strong inflation numbers reinforced monetary policy tightening at this week’s Federal Reserve meeting. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 94.243, just below …

European shares hit record highs on Monday, starting November with strong momentum on the positive business results, and the best performance of eurozone markets came in early trading. The pan-European STOXX 600 index rose 0.8% by 0829 GMT, surpassing its all-time high in mid-August. Global sentiment is supported by a …

Monday’s Asian session was calm. The Nikkei index posted its biggest gain in more than 4 months, up 2.61% to 29,647 points, its highest since late September. The broader Topix index rose 2.18%, reaching its highest level in a month at 2044.72 points. Gold traded at $1,783.01 an ounce after …

Gold prices stabilized Monday, November 1 as pressure from the US dollar continued, while investors cautiously awaited the US Federal Reserve meeting after data showed another spike in inflation. The dollar settled near a more than two-week high hit on Friday, making gold less attractive to buyers of other currencies. …

Japanese stocks surged to a one-month high on Monday, November 1, boosted by expectations of government stability and more fiscal stimulus after Prime Minister Fumio Kishida’s ruling party won a majority in parliamentary elections. Kishida’s conservative Liberal Democratic Party (LDP) retained a majority in the House of Representatives in Sunday’s …

Wall Street The US stock market hit another round of record highs on Friday, as Wall Street appears to have overcome disappointing results from major companies to conclude its best month of the year. The S&P 500 rose 0.19% to close at 4,605.38, the Dow Jones Industrial Average rose 0.25% …

Fresh attacks and partisan row are ahead for U. S. economy  as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …

Gamers created an online version of a program, for which players need Squid cryptocurrency to play. On Tuesday, it was worth 1 cent, but by Friday it exploded in value, hitting $4.39.But Squid has been slammed for not allowing investors to resell their tokens. Squid is what is known as …

The U. S. Dollar Index rallies 0.86% during the New York session, is at 94.10, short of the 94.30 fresh weekly high. U. S. T-bond yields are falling, with the 10-year benchmark note down two basis points, at 1.545%.The market sentiment is mixed, depicted by European stock indices, splitting between …

French president Emmanuel Macron has warned that an energy crisis threatens the world’s post-pandemic economic recovery. Macron also called for leaders at a G20 summit in Rome this weekend to work together to stabilize supplies.In an interview, the French president also urged bigger financial commitments towards the fight against global …