Market Update

European stocks fell as investors’ concerns about rising energy prices and events in China are building up. Stock indexes have been dragged lower in choppy trading in recent weeks. Frankfurt’s DAX was 0.3% lower, underperforming other European indexes. Germany’s ZEW survey of economic sentiment weakened for the fifth straight month …

The British pound initially dipped slightly to open up the Asian portion of the trading session on Tuesday, but turned right back around to rally towards the ¥155 level.The British pound has initially pulled back just a bit against the Japanese yen during Asian trading, only to turn around and …

The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …

The German ZEW headline numbers for October showed that the Economic Sentiment Index worsened to 22.3 from 26.5 previous and below expectations of 24.0. The Current Conditions sub-index dropped to 21.6 in October as against 31.9 seen the previous month and 29.5 expected. The Eurozone ZEW Economic Sentiment for October …

Gold prices rose on Tuesday, October 12 as risk aversion and inflation concerns added to the yellow metal’s allure, but expectations that the US Federal Reserve would start cutting economic stimulus capped gains. Spot gold rose 0.3% to $1,759.56 an ounce by 07:20 GMT, while US gold futures rose 0.3% …

European shares fell on Tuesday, October 12 as investors feared higher commodity prices would hurt the recovery of corporate earnings, and the sentiment was also affected by fresh evidence of problems at Chinese real estate investment group Evergrande. The European STOXX600 index fell 0.9% by 07:11 GMT after similar declines …

The Turkish lira fell to a new record low above nine lira to the dollar on Tuesday, October 12th, affected by uncertainty about political pressures to cut interest rates further and the dollar’s rise in general. The price of the lira recorded its record level, which it reached last night …

Auto sales in China fell 19.6% from the same month a year ago, according to data released Tuesday, October 12, falling for the fifth month in a row as production was disrupted by a long-running global shortage of semiconductors. Data from the China Automobile Manufacturers Association revealed that total sales …

Oil prices fell on Tuesday, October 12 for the first time in four days in what analysts described as a respite after weeks of gains due to rebounding global demand contributing to energy shortages in major economies. Brent crude prices fell to $83.59 a barrel, after touching a three-week high …

Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It’s up over 30% in October, currently trading at around $57187.Bitcoin’s surge is due to two …