Market Update

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 …

Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The …

Bitcoin fell on Friday by more than 5% to trade near $36,340, as cryptocurrencies showed high selling pressures. The world’s largest digital currency has now lost about 4.6% over the past seven days. In a similar way, Ethereum plunged by about 7.7% to $2,515, but remained higher on a weekly …

Oil prices fluctuated on Friday and showed a mixed performance but still managed to register weekly and monthly gains on the back of positive expectations for demand recovery. Brent crude futures for July delivery rose by 17 cents, or 0.2%, to finish at $69.63 per barrel, its highest closing level …

Gold prices rose on Friday, extending weekly and monthly gains and restoring the $1,900 level. As recent data showed a surge in inflation, gold and other safe haven assets saw increased demand. Gold futures for August delivery rose by $6.80, or 0.4%, to close at $1,905.30 per ounce. This marked …

Return on the U.S. Treasury bonds declined on Friday, as the personal consumption indicators showed another surge in inflation. The rising inflation is increasing investors’ demand for safe haven assets, like the Treasury bonds, even though most expectations lean towards inflationary pressures being temporary. The benchmark 10-year Treasury bond yield …