Market Update

Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 4.4% in September from 4.1% in August, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 4.3%.

U.S. stock index futures were higher in overnight trading on Wednesday, as investors are watching the rise in the US bond yield, and investors are also awaiting the release of more results from the work of some major US companies, led by Tesladue after the market closes today. During today’s …

The dollar settled in early European trade on Wednesday, after an improvement in risk appetite around the world pushed up risky currencies and sent the yen to a four-year low against the dollar overnight. Most of the European stock indices rose, and the yield on US Treasury bonds for ten …

Bundesbank President Jens Weidmann, a relentless critic of the European Central Bank’s ultra-easy monetary policy, will step down from his post on Dec. 31, with more than five years left on his term, the German central bank said on Wednesday. Commenting on Bundesbank President Jens Weidmann’s decision to resign at …

European shares fell on Wednesday, as weak earnings from French luxury goods company Kering and Dutch semiconductor ASML outweighed strong results from Nestle and other companies. The pan-European Stoxx 600 index was down 0.1 percent, although Asian shares rose, supported by a strong Wall Street close on Tuesday. And Kering’s …

Oil prices fell on Wednesday (October 20th) after the Chinese government intensified its efforts to curb the record rise in coal prices and operate coal mines at full capacity to ease the energy shortage crisis. Prices of Chinese coal and other commodities fell in early trading, which in turn led …

Japanese stocks rose on Wednesday, October 20, buoyed by a strong close on Wall Street, but gave up most of the gains as investors grew cautious about weak US futures contracts and higher yields on Treasuries. The Nikkei index increased by 0.14% to close at 29,255.55 points, after rising by …

Markets were quiet during the Asian session on Wednesday. Asian stocks rose after positive signs from overnight gains on Wall Street as traders cheered higher US corporate earnings. Japanese stocks rose on Wednesday, buoyed by a strong close on Wall Street, but gave up most of the gains as investors …

U. S. stocks continue to rise despite the below-expected economic data concerning the housing sector, one of the most important economic sectors in the United States. Stocks’ surge is mainly due to the positive earnings reports posted by several companies including Netflix as the latest announced earnings posted on Tuesday. …

Earnings of major banks and companies have tended to decide both the market status and sentiment since mid-October, as dozens of companies either already reported of will report their financial statements next week and through early November.NetflixIn a solid beat, Netflix shares were on the uptrend after the bell on …