Market Update

Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting. Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens. Gold futures for June delivery closed lower by $1.30, …

Ethereum surged on Tuesday to a new record high near $2,684. The second-biggest cryptocurrency in the world, after Bitcoin, is now up by around 7.3% on a daily basis at 2,645, extending its gains over the past seven days to about 14.10%. Recent news suggested that JPMorgan Chase plans to launch …

European stocks finished lower on Tuesday, as markets remain affected by the Archegos Capital Management losses that exceeded $10 billion, according to media reports. Meanwhile, travel and leisure stocks surged by about 3% on optimism about recovery from the pandemic, while basic resources declined by 1.2%. The STOXX Europe 600 …

The Fifth District Survey of Manufacturing Activity’s Composite Index remained unchanged at 17 this month, maintaining its reading from March, according to data by the Federal Reserve Bank of Richmond. The index continued to indicate growth, as all its main components, namely shipments, new orders, and employment, remained positive, signaling …

The United States Consumer Confidence Index surged in April, maintaining a positive trend after a strong rise last month, data by the Conference Board indicated on Tuesday. The Conference Board Consumer Confidence Index rose to 121.7 this month, compared with 109.0 in March. The Present Situation Index increased from 110.1 …

The United States index of home prices in 20 major cities rose by 11.9% in February on an annual basis, data by S&P Dow Jones Indices showed on Tuesday. On a monthly basis, the index leveled up by 1.2%, according to the S&P CoreLogic Case-Shiller Index. This marked the largest …

Figures from Brazil’s National Petroleum Agency showed that oil production in the South American country fell by 6% in Q1 of this year Compared to the same period last year, in large part due to a decline in production from the state-owned oil giant Petrobras. According to agency data, seen …

The dollar hovered above its lowest level in weeks against other major currencies today, Tuesday, under pressure from weak US Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen was little changed after the Bank of Japan kept interest rates unchanged. The dollar, which is …

Gold prices stabilized today, Tuesday, as dealers in the market looked to the US Federal Reserve meeting to obtain indications about the prospects for monetary policy, while the rise of the dollar pressured the attractiveness of the metal. Gold settled in the spot market at $1780.61 an ounce. There was …

Japanese stocks fell on Tuesday, as a batch of corporate business results fell short of ambitious investor expectations for a solid earnings recovery, as Japan struggled to contain the Covid-19 pandemic. The Nikkei index fell 0.46% to 28,991.89 points, while the broader Topix index fell 0.76% to 1,903.55 points. The …