Market Update

Japanese stocks fell on Tuesday, June 29, as losses in cyclical stocks outpaced gains in technology companies, as the outbreak of the most contagious delta strain of Covid-19 raised fears of derailing the global economic recovery. The Nikkei index fell 0.81% to 288212.61 points, while the broader Topix index lost …

Oil prices fell for a second session on Tuesday, June 29, on concerns about slowing growth in fuel demand, as the outbreak of the most contagious delta from Covid-19 imposes new restrictions on movement around the world. Brent crude futures were down 26 cents, or 0.4%, at $74.42 a barrel, …

With cryptocurrencies, led by Bitcoin, still impacted by the crackdown by the Chinese government against mining and trading due to concerns over high energy consumption and financial risks, other crackdowns are leading to more concerns over crypto asset. In the United Kingdom (U.K.), market regulators are putting increases scrutiny on …

The New York Stock Exchange (NYSE) finished mostly higher on Monday with the S&P 500 and Nasdaq indices finishing at new record highs, while the Dow declined. Technology companies showed a positive performance with Facebook exceeding a valuation of $1 trillion for the first time, following the dismissal of an …

Oil prices declined on Monday and closed at their lowest level in more than a week, with markets awaiting the outcomes of the coming OPEC+ meeting. Uncertainty regarding production policies coupled with concerns over the rising number of COVID-19 cases in some countries are weighing on energy markets. The OPEC+ …

Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week. Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level. Gold futures for August delivery gained $2.90, or …

The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices. The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337. The pair has been moving in a mostly rising trend today, in a …

European stocks closed lower on Monday, amid concerns about the rising number of coronavirus (COVID-19) cases in a number of countries. The Stoxx Europe 600 index declined by 0.59% to finish at 454.94 points. Travel and leisure stocks took a strong hit and dropped by 4.3% over concerns about the …

The main indices of the New York Stock Exchange (NYSE) opened higher on Monday, with Wall Street beginning the week with a positive performance and the Nasdaq hitting a new all-time high, on the back of gains by tech stocks. Concerns about the rising number of coronavirus cases in Asia …

Factory activity in Texas expanded at a faster pace this month, according to data by the Federal Reserve Bank of Dallas. The Texas factory production index, a key measure of state manufacturing conditions, increased in June by 14 points to 29.4, according to the results of the Texas Manufacturing Outlook …