Market Update

Today’s data showed German industrial orders unexpectedly fell in April due to lower domestic demand, indicating that manufacturers in Europe’s largest economy are still affected by the closures aimed at containing the Coronavirus pandemic. Data published by the federal statistics offices showed that orders for industrial goods fell 0.2%, after …

Japanese shares closed higher on Monday after US jobs data eased fears of an early Federal Reserve policy easing, but strong profit-taking capped gains amid caution ahead of US inflation data this week. The Nikkei index rose 0.27% to 29,019.24 points, after it rose 1% earlier in the session, approaching …

The New York Stock Exchange (NYSE) closed higher on Friday on the back of positive expectations for economic recovery, despite the May jobs report coming below expectations. The Dow Jones Industrial Average added 179.35 points, or 0.52%, to close at 34,756.39 points. The S&P 500 rose by 37.04 points, or …

Oil prices rose on Friday and ended the week at to their highest levels in about two years, supported by expectations for demand recovery during the second half of the year. Brent crude futures for August delivery rose by 58 cents, or 0.8%, to finish at $71.89 per barrel, rising …

Gold prices finished higher on Friday, as the May jobs report in the United States came below expectations, which signaled that it would probably be more time before the Federal Reserve begins changing its current policies. The yellow metal futures for August delivery rose by $18.70, or 1%, to close …

The Chairman of the U.S. Federal Reserve, Jerome Powell, said on Friday that the central bank is not something that plays a major role in setting the central bank’s policy. “Today, climate change is not something that we directly consider in setting monetary policy.” “All of those things can affect …

The number of active rigs drilling for crude oil and natural gas in the United States declined for the first time in six weeks, data showed on Friday. A decline by a single rig led the total rig count to reach 456 this week, with oil rigs maintaining their level …

The Canadian seasonally adjusted Ivey Purchasing Managers’ Index (PMI) increased in May to 64.7 from 60.6 in April, data showed on Friday. The employment index leveled up to 67.0 from 58.0, while the inventories index rose to 65.3 from 59.4 in the previous month. The supplier deliveries index fell to …

New U.S. factory orders declined by more than expected in April, falling by 0.6%, following a rise of 1.4% in March, amid the global shortage in semiconductors, data showed on Friday. On an annual basis, factory orders surged by 14.2%, according to the U.S. Department of Commerce. April’s reading of …

Buying interest around the EUR/USD subsides and is pushing the pair back into the 1.2160 region following the lower-than-expected US Non-Farm Payrolls report. The EUR/USD pair reversed the initial decline on Friday after data showed that the US economy created 559K jobs in May, below expectations of 650K jobs. At …