Market Update

Japanese stocks closed lower for the second consecutive session on Thursday, as investors continued to book profits after the recent rally boosted by hopes of new political leadership. The Nikkei index fell 0.62 percent to close at 30,323.34 points, after rising about 0.36 percent earlier in the session. The broader …

Euro benefited, Wednesday, from a boost due to the USD’s weakness after positive comments on inflation by the European Central Bank’s chief economist.Euro/USD rose to 1.1814 compared to 1.1804, on Tuesday. The pair fell to a trading day low of 1.1799 versus a high of 1.1832.“The pandemic emergency asset purchase …

Canada’s main stock index rose on Wednesday as a direct impact of a jump in oil prices giving a boost to energy shares.Higher yields of the Canadian bonds still contribute to helping strengthen the country’s financials, including the stock market.The Toronto Stock Exchange’s S&P/TSX composite index ended up 140.54 points, …

The Canadian dollar strengthened, Wednesday, against the U.S. dollar as oil prices rose and domestic data showed inflation climbing to its highest level in 18 years. Broad U.S. dollar weakness prevails despite positive developments for the Canadian dollar, on the inflation front. Canada’s annual inflation rate climbed to 4.1% in …

Bitcoin miners successfully mined the 700,000th block of the network, an achievement that is widely looked upon as a major historic milestone in September.Bitcoin’s circulating supply amounts to 18,816,787 BTC and currently trades at USD 48,009, in defiance of its critics with Block Height at around 1,276 transactions embedded within …

U. S. prominent businessman Ray Dalio warned investors against too much dependence on cash. At the same time, he warned those who own some Bitcoin that they are encountering some danger, because governments could destroy the crypto market.“First, know cash is trash, so don’t keep it in cash,” Dalio, the …

Traders and investors await the speech by European Central Bank’s Chief Economist Philip Lane, Wednesday, before the IMF webinar as the debate about inflation as well as its impact is still far from coming to an end. Markets have witnessed a significant relief in shares, equity and bond markets since …

Oil prices rose on Wednesday after data showed a larger-than-expected drop in crude stocks in the United States, the world’s largest fuel consumer, and amid expectations of a recovery in demand with the expansion of vaccinations. Brent crude rose $1.08, or 1.5 percent, to $74.68 by 1226 GMT, while US …

Gold prices held within a narrow range near the key $1800 level as lower US inflation data fueled doubts about the time frame for the Federal Reserve’s move to cut stimulus measures. Spot gold fell 0.2 percent to $1,800.3 an ounce by 0904 GMT, but was slightly below a week’s …

Eurozone industrial production rose 1.5% more than expected in July, according to data released Wednesday, September 15th, thanks to higher production of capital goods and consumer non-durable goods. The European statistics office Eurostat reported that industrial production in the 19 countries dealing in the euro currency rose 1.5% on a …