Market Update

The European Union will impose sanctions, including travel bans and asset freezes, on 86 Belarusian officials and companies on Monday, but will leave it to leaders to decide when to impose economic sanctions, EU foreign policy chief Josep Borrell said. Diplomats said that the sanctions include 76 individuals, including the …

The dollar held on to last week’s gains on Monday after the Federal Reserve surprisingly appeared to be leaning toward monetary tightening, while Bitcoin tumbled as China stepped up its crackdown on cryptocurrency mining. The dollar index was little changed after jumping 1.9% last week – the largest increase since …

Gold prices rose on Monday, after suffering losses over six sessions, as falling US Treasury yields boosted the attractiveness of the non-yielding metal. And gold rose in spot transactions 0.7%to $ 1776.10 an ounce, while US gold futures increased 0.4% to $ 1775.55 an ounce. The US Treasury yield fell …

Oil prices rose on Monday, boosted by strong summer demand and a pause in talks to revive the nuclear deal, which could signal a delay in the resumption of supplies to OPEC member Iran. By the closing of Asian markets, Brent crude for August delivery was up 23 cents, or …

Japanese stocks suffered their biggest loss in four months on Monday, tracking Wall Street’s plunge last week after a Federal Reserve official said the US central bank may raise interest rates sooner than expected. All sectors witnessed intense sales, and all sub-indices of the 33 sectors in the stock market …

European shares fell on Monday, as mining and banking stocks bore the brunt of an abrupt shift in the US Federal Reserve’s stance on monetary policy last week. The pan-European Stoxx 600 index fell 0.6% to its lowest level in more than two weeks. On Friday, the index halted a …

Cryptocurrencies tumbled Monday as China’s crackdown on bitcoin mining activity spilled over into Sichuan Province. Bitcoin fell to as much as 32,288 dollars for the first time since June 8, and it was in the latest trading, down 7.9% at about 32,781 dollars. Its smaller peer, Ethereum, fell below $2,000 …

The President of the Federal Reserve Bank of St. Louis, James Bullard, is expecting an interest rate hike in 2022, due to the rise in inflation rate above the 2% target. “We were expecting a good year, but this is a bigger year than we were expecting, more inflation than …

The main indices of the New York Stock Exchange (NYSE) closed lower on Friday, amid concerns about the hawkish tone by the Federal Reserve, with Wall Street worrying about raising interest rated sooner than expected. The Dow Jones Industrial Average declined by 533.37 points, or 1.58%, and closed at 33,290 …

Oil prices rebounded on Friday, with crude futures recovering on the back of positive expectations for demand recovery despite the U.S. Dollar (USD) surge after the hawkish change in tone by the Federal Reserve. Brent crude futures for August delivery increased by 43 cents, or 0.6%, and closed at the …