Market Update

The Dow Jones Industrial Average (DJIA) commenced the new trading week on a cautious note, hovering near the 44,600 level. While China’s recent monetary policy shift initially ignited optimism, geopolitical tensions in the Middle East and South Korea, coupled with concerns about the global economic landscape, tempered investor enthusiasm. China’s …

A recent survey by the New York Federal Reserve paints a picture of a consumer landscape marked by both optimism and apprehension. While Americans are increasingly confident about their personal financial prospects, a growing concern about rising inflation casts a shadow over the economic horizon.The survey found that consumers expect …

Gold prices climbed higher on Monday, trading up some 1.33% at $2667 per ounce, driven by a combination of factors:Geopolitical Uncertainty: The ongoing instability in the Middle East, particularly following the fall of the Bashar al-Assad regime in Syria, has increased demand for safe-haven assets like gold. Central Bank Buying: …

US stock index futures edged lower Monday as investors paused to consolidate last week’s record gains, awaiting key November inflation data for fresh signals on the Federal Reserve’s interest rate trajectory. Stock Futures Slightly Down At 05:45 ET (10:45 GMT), futures for the: Dow Jones Industrial Average dropped 30 points, …

The US dollar edged lower on Monday, as traders digested last week’s jobs report pointing toward a likely Federal Reserve rate cut later this month. However, the greenback’s losses were modest, supported by ongoing geopolitical instability in the Middle East. Dollar Shows Signs of Weakness By 04:00 ET (09:00 GMT), …

Oil prices rose by more than 1% on Monday, supported by expectations of economic stimulus from China and geopolitical developments in the Middle East. China’s Policy Shift Spurs Optimism Brent crude futures climbed 94 cents, or 1.32%, to $72.06 per barrel by 0852 GMT, while U.S. West Texas Intermediate (WTI) …

European stocks hovered near six-week highs on Monday, buoyed by gains in mining and luxury sectors following signs of stimulus measures aimed at reviving China’s slowing economy. Market Overview The pan-European STOXX 600 index edged up 0.1% by 1000 GMT, extending its rally to an eighth consecutive session. However, Germany’s …

Bitcoin saw a modest retreat on Monday, slipping 0.4% to $99,439.8 as traders awaited further clarity on U.S. crypto policy under the incoming administration of President-elect Donald Trump. This pullback comes after a weekend rally that saw the cryptocurrency brush record highs. Policy Optimism Fuels Recent Surge Bitcoin’s sharp rise …

US dollar ended last week’s trading in the uptrend with modest gains. This movement coincided with rising indices in Wall Street and other global stock markets. Markets were driven by different developments, including mixed economic data, political developments in Europe and the Middle East, and some monetary policy-related implications. Jobs …

Federal Reserve Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving its inflation goals, the US central bank will still step in with additional rate hikes if price growth begins to spiral once again.Key QuotesThe labour market remains …