Market Update

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, believes that U.S. central bank should take the decision on tapering next month. Kaplan’s remarks to CNBC came a day before the highly anticipated speech by the Federal Reserve Chairman, Jerome Powell, to the Jackson Hole economic conference. Kaplan …

The U.S. Dollar (USD) is close to registering its first rise this week, following four consecutive daily losses, with most investors turning their focus to tomorrow’s remarks by the Federal Reserve Chairman Jerome Powell in front of the Jackson Hole Economic Symposium. Earlier today, the United States Bureau of Economic …

The Kansas Fed Manufacturing Activity declined in August to a reading of 29 from 30 in July. Despite the decrease, the index remained higher than market expectations. The production index dropped to 22 from 41, while the volume of shipments index decreased to 25 from 37 in July. Meanwhile, the …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.6% in the second quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus. the US Bureau of Economic Analysis (BEA) second estimate showed on Thursday. …

There were 353,000 initial claims for unemployment benefits in the United States during the week ending August 21, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 349,000 and came in slightly worse than the market expectation of 350,000.

US Treasury yields were mixed on Thursday, ahead of the Federal Reserve’s Jackson Hole symposium, in addition to the release of economic data, the yield on the benchmark 10-year Treasury bond rose less than a basis point to 1.347%, and the yield on the 30-year Treasury fell less than a …

The dollar rose slightly in early European trade on Thursday but remained near a one-week low amid good risk appetite ahead of the Federal Reserve’s Jackson Hole keynote. the US Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at 92.930, after falling …

Gold prices fell, as the dollar rose ahead of a scheduled speech by US Federal Reserve Chairman Jerome Powell this week, while investors awaited signs of reducing economic stimulus. And gold fell in spot transactions 0.3% to $ 1784.82 an ounce) by 0705 GMT, while US futures fell 0.3% to …

European shares rebounded after data showed German consumer morale deteriorating with the rise in Covid-19 cases, while the atmosphere was also negatively affected by concern about the prospects for monetary policy. The pan-European Stoxx 600 index fell 0.6%, with retail and mining stocks among the biggest losers. Investors remain anxious …

Japan’s Nikkei index rose in choppy trading, supported by transport stocks and Wall Street moves overnight, but gains were limited as market participants refrained from making big bets ahead of the US Federal Reserve’s Jackson Hole seminar this week. The Nikkei index rose 0.06% to close at 27742.29 points, after …