Market Update

Gold trading recorded a limited range Wednesday, January 27, as traders in the market awaited the US Federal Reserve’s decision on monetary policy and developments related to a stimulus package to mitigate the repercussions of the Coronavirus in the largest economy in the world. This fell in spot gold transactions …

Japanese stocks closed higher on Wednesday, January 27, thanks to hopes for better corporate results after the International Monetary Fund raised its global growth forecast, while Nitto Denko shares jumped after it revised its earnings outlook. The benchmark Nikkei index rose 0.31% to 28635.21 points, while the broader Topix index …

Bitcoin accounted for the biggest share of investment inflows in cryptocurrencies since the beginning of the year, CoinTelegraph reported. The biggest digital currency in the world in terms of market capitalization, dominated 97% of inflows into cryptocurrencies in 2021, as shown by a recent report by CoinShares. Earlier this year, …

Oil prices closed Tuesday on a mixed note, amid continuous fears about the resurgence of the Coronavirus pandemic in many countries with concerns about the rollout and the efficacy of the vaccines. However, output disruptions continued to provide some support for crude prices. The global benchmark, Brent crude futures for …

Gold prices declined on Tuesday for the fourth consecutive session, despite the U.S. Dollar (USD) declining across the board, amid an improved risk appetite among investors and reduced demand for safe havens. Markets are anticipating the outcome of the United States Federal Reserve policy meeting, which concludes on Wednesday. The …

The United States Housing Price Index rose by 1% last November, data by the Federal Housing Finance Agency (FHFA) showed on Tuesday. On an annual basis, house prices increased by 11% between November 2019 and November 2020. October’s reading that showed a 1.5% increase remained unchanged.

The International Monetary Fund (IMF) is now more optimistic about the recovery of the global economy, as shown by the latest World Economic Outlook released on Tuesday. The IMF sees the global economy growing by 5.5% in 2021, compared with its expectations in October of 5.2% growth. As for 2022, …

European stocks closed higher on Tuesday, following two consecutive declines, supported by a positive performance by major market sectors led by chemicals and financial sectors, as well as good financial results by a number of major listed companies. The rise of European stock markets also comes amid an overall improvement …

The U.S. Dollar (USD) is declining across the board on Tuesday, as investors are seeking riskier currencies as assets amid an improvement in the risk appetite. Concerns about the problems facing the rollout of Coronavirus vaccines around the world as well as the rising number of new COVID-19 cases helped …

The Richmond Fed Manufacturing Index declined from 19 in December to 14 in January, data by the Federal Reserve Bank of Richmond showed on Tuesday. Despite the decline, the index remained in the expansion territory. Manufacturers reported lengthening vendor lead times, as this index rose to 39, its highest reading …