Market Update

Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, a After President Recep Tayyip Erdogan fired three central bank policymakers, the Turkish lira fell to a new record low against the dollar, with investors worried about the prospects of further …

European stocks are headed for their best weekly performance in 7 months as strong earnings reports helped reassure investors and calm concerns about rising inflation. The pan-European Stoxx 600 index rose 0.4%, heading towards ending the week 2.3% higher, buoyed by a significant improvement in investor risk appetite in the …

The Nikkei index achieved its first weekly gain in four weeks, after jumping at the close of today’s session. The Nikkei index rose 1.81% to close at 29068.62 points, its highest level in more than two weeks, while the broader Topix index rose 1.86% to 2023.93 points. This week, the …

Asian stocks rose in the last trading day, tracking the positivity on Wall Street overnight as investors were optimistic about US corporate earnings and better-than-expected employment data. The Nikkei index achieved its first weekly gain in four weeks after jumping at the close of today’s session. The Nikkei index rose …

Once again, on Thursday, inflation related concerns were steering investors’ decisions on picking safe haven assets away from interest bearing investments.Speaking to a virtual gathering of the Euro50 Group on Thursday, St. Louis Fed President James Bullard described the inflation trend as “concerning.”U.S. shares surged Thursday reacting to banks’ strong …

A positive market sentiment hurt safe-haven currencies on Thursday, but the U. S. dollar versus the Japanese Yen reaped gains and recovered Wednesday’s losses.USD/JPY began on the right foot in the Asian session; advanced 0.01% and was trading at 113.70 during the day. On Thursday, financial markets witnessed appetite towards …

Sterling investors get nervous as Brussels has been urged draw up tough retaliatory measures in case the UK carries out its threat to suspend trading arrangements for Northern Ireland Protocol contained in the Brexit deal.Representatives of five member states met European Commission vice-president Maros Sefcovic, this week, to demand contingency …

The United States will review any new developments in Georgieva matter and Biden’s administration calls for institutions to better protect whistle-blowers. U. S. Treasury Secretary Janet Yellen warned that a scandal over the credibility of rankings of countries’ business climates could hurt confidence in the International Monetary Fund and World …

Gold rose to the highest in a month as investors sought haven amid stubbornly high inflation and the looming reduction in stimulus.Real interest rates fell and that supported gold. There is a rising perception in the market that inflation could stay elevated for longer.The U.S. consumer price index data paves …

GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …