Market Update

Treasury yields in the United States rose on Tuesday, one day ahead of releasing the next Federal Reserve policy statement, which is set to be the last of the year. Return on the 10-year Treasury note increased by 3 basis points to 0.921%. The yield on the 30-year Treasury bond …

Oil prices surged on Tuesday, to close at its highest level since March, amid rising optimism about the rollout of Coronavirus vaccines. In addition, hopes for a new stimulus package in the United States helped support crude prices during the second session of the week. Brent crude futures for February …

Gold prices rose on Tuesday to close at their highest level in a week, despite improved investors’ sentiment due to positive news about new Coronavirus vaccines. Gold futures for February delivery gained $23.20, or 1.3%, to settle at $1,855.30 per ounce. This is the best closing level for the yellow …

Manufacturing capacity utilization in the United States increased to 72.6% in November from 72% in October, data by the US Federal Reserve showed on Tuesday. Total utilization increased to 73.3%. Meanwhile, utility output decreased by 4.3% last month, while mining output increased by 2.3%.

European stocks finished Tuesday higher, supported by optimism about the new Coronavirus vaccines. The STOXX Europe 600 index rose by 0.35%. Meanwhile, the UK’s FTSE100 declined by 0.28%, amid anticipation for the outcomes of Brexit trade talks. In France, the CAC40 index gained 0.18% to close at 5,537.8. The German …

Manufacturing output in the United States grew by 0.8% in November, according to data by the Federal Reserve on Tuesday. The October reading was revised up to a 1.1% increase, up from a previously estimates 1%. The increase is largely thanks to the surge in the production of motor vehicles …

Manufacturing sales in Canada increased by 0.3% to $54.1 billion in October, data by Statistics Canada showed on Tuesday. The September reading was revised to show a rise of 2.2%, compared with a previous estimate of a 1.5% increase. On an annual basis, manufacturing sales declined by 5.2%. The rise …

The price of import prices in the United states rose by 0.1% in November, according to data by the US Department of Labor on Tuesday. This comes following a decline of an equal value during October. On an annual basis, import prices decreased by 1%, repeating the reading of the …

Industrial Production in the United States expanded by 0.4% on a monthly basis in November, the US Federal Reserve reported on Tuesday. This print followed October’s increase of 0.9% and came in slightly better than the market expectation of 0.3%.

The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …