Market Update

Shares of China’s Evergrande Group and two key subsidiaries were halted from trading Monday pending the release of inside information, pointing to a potential advance in the planned restructuring of the giant developer.Hong Kong-listed Evergrande, China Evergrande New Energy Vehicle Group Ltd. and Evergrande Property Services Group Ltd. were halted …

The crash of a Boeing jet in China sent the company’s shares down 5.6% at one point Monday, signaling a test of investor confidence just as the plane maker was starting to put a number of crises in its past.A Boeing 737-800 plane carrying 132 people for China Eastern Airlines …

The GBP/JPY pair advanced above 157.00 on Monday despite a somewhat risk-off market feel and is eyeing annual highs near 158.00.The pair was lifted by a surge in UK yields in tandem with their global peers. With dovish vibes expected from BoE’s Bailey later this week and fragile risk appetite, …

Egypt’s move to allow a weaker pound is winning praise from money managers including Goldman Sachs Group Inc. who say it will arrest foreign-capital outflows and boost the nation’s chances of winning the next International Monetary Fund loan. The Egyptian pound tumbled as much as 14% to 18.2323 per dollar …

Gold has advanced on Monday despite the US dollar and yields rising in wake of hawkish Powell commentary. The Gold Index is in the $1940 zone; eyeing recent highs around $1950 as inflation and geopolitical concerns linger.Gold has mostly been trading on the front-foot during US trading hours, despite the …

Treasuries slumped, sending the two-, five- and 10-year yields to the highest levels since May 2019, as policy makers in the US and Europe cranked up expectations for higher borrowing costs in the face of mounting inflationary pressures.Another round of selling arrived in the early afternoon in New York after …

Exchanges and brokers are demanding more money up front to trade oil, wheat and natural gas, straining markets already dealing with supply disruptions from the Ukraine war. Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn …

After best week for Wall Street and European equities since 2020, traders at the New York Session witness benchmark S&P 500 share index moving between small gains and losses on Monday. Wall Street and European stocks were subdued on Monday, after their best week since 2020, while US government bonds …

Fed Chair Jerome Powell remarked in a speech on Monday that he doesn’t see an elevated likelihood of a recession in the next year, reported Reuters. Additional Remarks: “It’s hard to say what the economy will look like in wake of recent events, but no one is sitting around waiting …

Gold prices have fallen from their session highs but are still holding on to gains even as Federal Reserve Chair Jerome Powell signed that the central bank could aggressively tighten interest rates more than markets are expecting.The gold market appears to be taking the hawkish comments in stride. April gold …