Market Update

Gold prices fell on Friday, under pressure from the strength of the dollar, but it is heading towards recording the largest weekly jump in 6 months, as concerns about the rise in consumer prices in the United States led to the demand for the yellow metal as a hedge in …

Oil prices fell on Friday, erasing gains made in the previous session, as the dollar continued to rise on bets that the US central bank would present plans to raise interest rates to curb inflation. In Asian trading, US West Texas Intermediate crude futures fell 26 cents, or 0.3%, to …

Technology shares supported the Tokyo Stock Exchange to close higher, with investors eager to buy, but the rise in the Tokyo Stock Exchange was lagged by global shares on concerns about the impact of increased costs on corporate profits. The Nikkei index rose 1.13%, recording 2,9609.97 points, to continue its …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …

New Zealand’s key sub-indices of production; namely Purchasing Managers’ Index (PMI) for the manufacturing sector (rose to 54.0) from prior reading at 51.4 and New Orders (53.9) were both in positive territory for the first time since July. Deliveries (59.9) led the way towards catching up on the economic activity, …

OPEC’s crude oil production rose by 217,000 barrels per day to 27.453 million bpd in October, but still fell short of its share of the 400,000-bpd total output hike of the OPEC+ .Under the OPEC+ deal, the ten OPEC members bound by the OPEC+ pact should be raising their combined …

The euro declined, Thursday, as the USD rose on the back of the strongest U.S. inflation reading in over 30 years fueling expectations of Fed interest rate hikes next year. U.S. CPI data showed the biggest gain in four months, lifting the annual increase to 6.2%, the strongest year-on-year rise …

Trading conditions on Thursday were limited, with many investors away for Veteran’s Day. Bond markets have been closed. The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%. …

Wheat prices have climbed above $8 per load for the first time in nearly nine years, with demand for the major commodity rising and supplies expected to end the 2021-2022 marketing year at their lowest in more than 10 years.Global demand remains robust at record, or near-record, levels, with foreign …

Germany was once looked upon as a best example of how to deal with the coronavirus. Now, it is recording close to 50,000 new Covid cases a day, prompting a dire warning of a dramatic rise in fatalities during the fourth wave of Covid, as the delta variant spreads as …