Market Update

China’s import data in September posted disappointing growth, while exports beat expectations, according to data released Wednesday by the customs agency. Imports in US dollars rose 17.6 percent last month from a year ago to $240 billion, less than 20 percent estimated by analysts polled by Reuters. Exports in US …

Britain’s economy returned to growth in August after contracting for the first time in six months in July, keeping bets in the financial market that the Bank of England will start raising interest rates before the end of the year. The gross domestic product grew 0.4% in August, slightly less …

There were no strong moves during the Asian trading on Wednesday, while Asian stocks were still looking for direction. The Nikkei 225 index briefly rose, but quickly retreated and gave up its gains, losing 90 points, or 0.32%, to close at 28,140 on Wednesday. Investors are awaiting US inflation data …

Japanese stocks closed lower on Wednesday, October 13th, as investors awaited the U.S. consumer price data, as the Nikkei index fell 0.32%, to close at 28,140.28 points, and the broader Topix index fell 0.45% to 1973.83 points. Shipping companies’ shares fell 3.27%, while the steel industry sector index fell 1.66%, …

Oil, Crude, trading

The economic outlook on Tuesday’s U. S. trading session encompassed several readings that significantly impacted the performance of major currencies as well as Wall Street.Market Sentiment Market sentiment pushed the U. S. dollar to hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering …

Another month of slow hiring forced White House officials to admit that the recovery is lagging expectations, and that inflation and worker shortages could continue into 2022.Administration officials are planning to highlight whatever bright spots they can find, such as rising wages and the pace of economic growth, and use …

The U. S. dollar hit a one-year high on Tuesday on expectations the U.S. Federal Reserve will announce a tapering of its massive bond-buying program in November as concerns over soaring energy prices also sent investors to the safe-haven currency.Yields on the U.S. two-year Treasury note jumped to their highest …

The S&P 500 ticked down 0.1% while the tech-heavy Nasdaq traded declined less than 0.1%, Nasdaq also reversed lower in afternoon trading but ended up close to breakeven. Meanwhile, U.S. West Texas intermediate crude oil futures hovered near a seven-year high.The Dow Jones Industrial Average declined slightly in today’s stock …

The U.S. Securities and Exchange Commission (SEC) opened a broad inquiry, Tuesday, into how Wall Street banks keep track of employees’ digital communications according to Reuters.SEC enforcement staff contacted multiple banks to check whether they have been documenting employees’ work-related communications, such as text messages and emails, with a focus …