Market Update

Japan’s Nikkei index reversed course to close at its lowest level in more than 6 weeks, weighed by concerns about rising interest rates, a slowdown in China, and the country’s new prime minister with low approval ratings. The Nikkei index fell 1.05% to close at 2,7528.87 points, its lowest level …

During a White House speech on the government debt conflict, U. S. President Joe Biden warned the U.S. is at risk of exceeding the legal limit on its debt in two weeks and running out of cash.A measure has been recently passed to temporarily suspend the debt limit and fund …

Treasuries fell on Tuesday as investors focus on the assessment of the state of the U. S. economy before important payroll report Friday.Rising yields have increased market-implied inflation expectations. Breakeven inflation rate for 10-year TIPS approaches 2.5%. The U.S. Treasury yields climbed Tuesday as rising energy prices stoked inflation fears. …

Facebook shares have bounced by 2.1% one day after taking a beating as services resumed following outage.Tech and financial companies Apple, Microsoft, Amazon and Alphabet are significantly among top advancers, each rose more than 1% following a selloff in growth stocks the day before. PepsiCo gains on raising annual revenue …

Crypto prices are still climbing despite tougher regulatory scrutiny round the world. The rally brings prices to the highest since early September. Bitcoin has jumped to around $50,000 as Bank of America Corp. strategists threw their weight behind cryptocurrencies as a new asset class. Bitcoin price has shifted into a …

Asian shares tracked a broad selloff on Wall Street to weaken for a third successive session on Tuesday, as investors expressed concerns on oil prices hitting multi year highs which could add to inflationary pressures caused by supply chain disruptions.U.S. and European stock futures edged up, with S&P 500 e-minis …

Stocks progressed on Tuesday as technology stocks recouped some losses, when a rotation away from growth names picked up steam as concerns over inflation lingered. The Nasdaq gained more than 1% after the index dropped over 2% a day earlier. Both the S&P 500 and Dow each also gained over …

The NZD/USD pair is fluctuating in a relatively tight range on Tuesday. The Reserve Bank of New Zealand is expected to hike its fiscal policy rate by 25 basis points on Wednesday. Meanwhile, the U. S. Dollar Index has clinged to modest daily gains, and stayed below 94.00. The NZD/USD …

The USD/CHF pair has remained biased higher on the long term. The US dollar has regained lost ground on Tuesday, following three successive days in the red area, after bouncing at 0.9225 lows and return to levels near 0.9300.The safe-haven Swiss Franc has lost ground due to a moderate risk …

The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is difficult, ECB President Christine Lagarde said. “We should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those phenomena”, …