Market Update

Japanese shares closed slightly higher on Friday as chip heavyweight stocks rose, but concerns about corporate expectations dampened gains. The Nikkei index rose 0.14% to 29,683.37 points, while the broader Topix index rose 0.09% to close at 1960.87. Chip-related shares gained after the Taiwan semiconductor maker reported a 19.4% increase …

The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday due to an improved investors’ sentiment and risk appetite in Wall Street and around the globe, after the release of positive economic data. The Dow Jones Industrial Average finished at an all-time high, closing above 34,000 …

Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

Goldman Sachs expects that the Turkish central bank might move to cut its key rate during the fourth quarter of the year. The Central Bank of Turkey decided to maintain interest rates unchanged on Thursday in the first Monetary Policy Committee (MPC) meeting under the new leadership, in a move …

Oil prices rose on Thursday for the fourth consecutive session, supported by an improved outlook for demand recovery this year. Brent crude futures for June delivery added 36 cents, or 0.5%, to close at $66.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for May delivery gained 31 …

Gold prices rose on Thursday and saw its best session performance since March, amid a decline in the U.S. Treasury bond yields and fluctuations by the U.S. Dollar (USD). Moreover, rising tensions between the United States and both Russia and China, improved demand for the yellow metal as a safe …

European stocks surged to a new all-time high on Thursday, supported by an improved risk sentiment among investors that resulted from positive economic data and earnings reports. The pan-European STOXX 600 index rose by 2.34 points, or 0.54%, to close at a new all-time high of 438.91 points. The mining …

Home sales in Canada rose by 5.2% in March, data by the Canadian Real Estate Association showed on Thursday. More than 76,000 residential units were traded last month, marking the highest level of real estate trading activity on record. The previous record high was set in July 2020 at around …

The U.S. National Association of Home Builders (NAHB) housing market index rose to 83 in April, compared with 82 in March, data showed on Thursday. The current sales conditions index also leveled up one point to 88, while the index for sales expectations in the next six months declined by …

Industrial production in the United States expanded last month by 1.4%, following a reading that showed a 2.6% decline in February. The rebound in industrial output in March comes following a sharp decline in February that resulted mainly from bad weather conditions and a winter storm hitting southern parts of …