Market Update

European stock markets declined on Wednesday, amid continuous concerns about the rising inflation rates and uncertainty surrounding the future of monetary policies and interest rates. The pan-European STOXX 600 index plunged by 1.5%, as the basic resources stocks led the decline and dropped by 4.1%. The French CAC40 index declined …

The New York Stock Exchange (NYSE) finished lower on Tuesday, as Wall Street continues to be impacted by investors’ concerns about the high inflation rates. The decline came despite the positive earnings reports by some blue-chip stocks, including Home Depot and Walmart. The Dow Jones Industrial Average lost 267.13 points, …

Oil prices declined on Tuesday, as media reports pointed to expectations of a rise in output as talks continue regarding the Iran nuclear deal. In addition, data by the American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 620,000 barrels last week. Gasoline inventories …

Gold prices rose on Tuesday, registering gains for the fourth consecutive session, as the U.S. Dollar (USD) continued to decline against major peers. In addition, the rising consumer inflation in the United States leading to mixed expectations for the interest rates also increased the demand for safe-haven assets. After trading …

The United States Secretary of the Treasury, Janet Yellen, is calling for higher tax rates, urging business leaders to pay their fair share amid increased government spending on stimulus and economic relief packages to stimulate the economic recovery from the coronavirus pandemic. Yellen said in her speech to the U.S. …

European stocks finished higher on Tuesday, as markets attempt to recover from the recent losses that resulted from concerns about the surge in inflation in the United States. The STOXX Europe 600 index closed higher by 0.28% at 443.55 points, with the travel and leisure sector recovering some of its …

The Canadian market is seeing increasing expectations that the Canadian Dollar (CAD) will maintain its recent against the U.S. Dollar (USD), which is prompting more exporters to adjust their currency hedges, according to a recent report by Bloomberg. Since the beginning of 2021, the loonie gained about 6% against its …

The European Central Bank (ECB) President, Christine Lagarde, said on Tuesday that the economic recovery in the Eurozone remains challenged by uncertainty, which requires continuous support from market authorities. Lagarde believes it is essential that the “monetary and fiscal support are not withdrawn too soon,” ruling out expectations of reducing …

The U.S. Dollar (USD) maintained a negative performance on Tuesday, failing to recover his recent losses against major peers for the third consecutive session as Treasury bond yields stalled. Federal Reserve officials, including Robert Kaplan and Richard Clarida, recently reiterated the message that the central bank does not expect to …

European stocks made new highs after the pandemic, and cyclical heavy national indices benefited from the gradual shift in global investor preferences for value overgrowth. The German DAX also hit an all-time high as the country’s Constitutional Court effectively drew a line under the euro critics’ attempts to halt the …