Market Update

Japan’s Topix index closed at a more than five-month high on Thursday, recovering from earlier losses, as a rise in technology shares offset the impact of a decline in carriers. Topix rose 0.14% to 1983.57 points, its highest closing level since March 29. The index rose for the fourth consecutive …

Oil prices fell after the Organization of the Petroleum Exporting Countries (OPEC) agreed to keep its policy of gradual supply back to the market unchanged as coronavirus cases soar around the world and many US refiners, a major source of crude demand, are out of business. Brent crude fell 15 …

Oil prices showed a mixed performance on Wednesday after the OPEC+ alliance decided to maintain the gradual production increases, easing previous output cuts. The global benchmark, Brent crude, closed lower for the second day despite expectations for a rising demand this year, with fears over disruptions due to Hurricane Ida. …

Gold prices closed modestly lower on Wednesday for the second time in three sessions, despite a mostly negative performance by the U.S. Dollar (USD). An improvement in risk appetite and rising stocks limited the demand for the yellow metal as a safe haven investment after a slew of mixed economic …

Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index. The index registered a third consecutive record increase. The gauge of home prices in 20 cities and major metropolitan areas Home …

Manufacturing activity in Canada expanded in August, showing its best improvement since April, data showed on Wednesday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 57.2 in August from 56.2 in July. The new orders index rose to 55.8 from 55.3. The stocks of …

The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday. A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy. Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market …

Amazon will offer 55,000 jobs around the world, in corporate and technology, over the coming months, CEO Andy Jassy reportedly told Reuters. Speaking to the press for the first time since he assumed the position in July, following the resignation of former CEO and Founder Jeff Bezos, Jassy said that …

Construction spending in the United States increased in July, according to data by the U.S. Commerce Department on Wednesday. The construction spending rose by 0.3% compared with its level in June but surged by 9% on a yearly basis. The reading modestly exceeded market expectations.

The U.S. Dollar (USD) is trading lower against major currencies on Wednesday, after the release of economic data that showed mixed conditions in the manufacturing sector and the jobs market. The Dollar Index (DXY) is up 0.23% at 92.42 in early trades after turning to the negative territory before the …