Market Update

Ether, the cryptocurrency of the Ethereum platform and the second-largest digital currency in the world, surged by more than 10% over the past 24 hours to trade near $2,623. Despite today’s rise, Ether remains far from its all-time record high of $4,300, but it has recovered from most of its …

The US dollar came under pressure on Monday, heading for losses against the euro and the British pound for the second consecutive month, as traders assess the consequences of higher inflation ahead of monthly jobs data later in the week. The dollar index fell 0.03% to 90.058. On Friday, data …

Canada has posted a current account surplus of C$1.18 billion in the first quarter of 2021 after registering a current account deficit of C$5.27 billion (revised from C$7.26 billion) in the fourth quarter of 2020.

Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% (preliminary) on a monthly basis in May from 0.7% in March, the data published by Destatist showed on Monday. On a yearly basis, the CPI rose to 2.5% from 2%.

Growth in China’s industrial activity slowed slightly in May as raw material prices rose at the fastest pace in more than a decade, squeezing output from small firms and exporters. Data from the Office for National Statistics showed on Monday that the official manufacturing purchasing managers’ index fell to 51.0 …

Cryptocurrency Ethereum is up more than 5% today to $2,523 but remains more than 40% below its record peak above $4,300 recorded this month. The currency rose 4.1% to $ 2495.69 in morning trading. As for its rival Bitcoin, the largest and most famous cryptocurrency in the world, it rose …

Japan’s industrial production continued to grow in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets. The world’s third-largest economy is expected to grow this quarter at a much slower pace than previously thought after the government extended anti-coronavirus measures in Tokyo …

Gold prices rose on Monday, heading for their biggest monthly jump since July 2020, thanks to the decline in the dollar and bond yields, as well as the growing inflationary pressures that boost demand for the metal as well. And the spot price of gold was up 0.1% to $ …

European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month. The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, …

Oil prices rose in early Asian trade on Monday, buoyed by positive times for fuel demand growth next quarter, as investors look to this week’s OPEC+ meeting to see how producers will respond. Brent crude futures for August delivery were up 50 cents, or 0.7%, at $69.22 a barrel, after …