Market Update

A survey showed that investor sentiment in Germany fell for the fourth consecutive month in September, with investors expecting a scarcity of raw materials and a shortage of chips to slow the recovery in Europe’s largest economy. The ZEW Institute for Economic Research said its survey of investor sentiment fell …

German industrial production rose more than expected in July after a three-month decline, data showed, in a sign that factories were overcoming supply bottlenecks that slowed the recovery of Europe’s largest economy. The Federal Statistics Office said industrial production, which includes the construction and energy sectors, increased 1% month-on-month, after …

The European Central Bank’s Governing Council will meet this week to decide on the level of PEPP purchases; analysts expect a reduction after two-quarters of higher purchases. the amount will remain undetermined, but monthly purchases may be reduced to 60 billion euros from the current 80 billion euros. Statements made …

The dollar found support on Tuesday, September 7th, as investors awaited the European Central Bank meeting and US data to learn about policy expectations, while the Australian dollar rose briefly after the Reserve Bank of Australia stuck to its plans to reduce bond purchases. The US currency curbed the euro …

China’s exports grew faster than expected in August thanks to strong global demand, relieving some pressure on the world’s second-largest economy as it tries to overcome many problems on several fronts. The Asian giant made a strong recovery from the repercussions of the Coronavirus, but the economic momentum has weakened …

Gold prices fell on Monday as the dollar rose, but renewed bets that the US Federal Reserve may slowly reduce its stimulus program to support the economy kept the precious metal near its highest level in two and a half months. And gold for immediate selling ended the trading session …

The Nikkei average rose in early trading on the Tokyo Stock Exchange on Tuesday. The Nikkei rose 0.76 percent to 2,9883.92 points, while the broader Topix index rose 0.75 percent to 2056.45 points.

Oil prices declined on Monday, with markets digesting the recent decision by the OPEC+ plus, following disruptions in North American due to Hurricane Ida and concerns over the pandemic. Brent Crude futures for November delivery closed down by 39 cents or 0.54% at $72.22 per barrel. This is the second …

The British Pound (GBP) fell on Monday against the U.S. Dollar by 0.14%, as the greenback strengthened across the board, amid thin trade with the Labor Day holiday in North America. The GBP/USD pair declined by 0.14% to 1.3838, snapping a three-session rising streak and logging its biggest drop since …

The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), registering its first loss in seven sessions. The EUR/USD pair slipped by 0.06% to reach 1.1872, maintaining the 1.870 level, but remaining lower year to date by about 2.82%. This was the first and largest loss for the …