Market Update

The Dow Jones Industrial Average (DJIA) staged a robust recovery on Monday, soaring over 500 points to reclaim the 44,000 level after last week’s steep losses. Fueled by disappointing US Nonfarm Payrolls (NFP) data, which heightened expectations for a Federal Reserve interest rate cut in September, the index bounced 1.8% …

The Canadian Dollar (CAD) found its footing on Monday, stabilizing near 1.3775 against the US Dollar (USD) after a tumultuous week driven by a shocking US Nonfarm Payrolls (NFP) report. With Canadian markets largely shuttered for a civic holiday, US economic developments took center stage, influencing global currency flows. The …

The U.S. economy is flashing warning signs of a sharp slowdown, as confirmed by the July jobs report, which revealed just 73,000 jobs added—well below the expected 115,000. Coupled with steep downward revisions to May and June payrolls, slashing a combined 258,000 jobs, the three-month average job growth plummeted to …

Gold prices held firm above $3,350 on Monday, buoyed by a faltering US dollar and mounting expectations of a Federal Reserve interest rate cut in September. The precious metal traded around $3,375 during US market hours, recovering from an intraday dip to $3,345. A disappointing US jobs report and rising …

The U.S. dollar found some support on Monday after it fell sharply on Friday following a disappointing U.S. jobs report and President Donald Trump’s dismissal of a top statistics official. The combination of these events prompted investors to ramp up expectations of imminent rate cuts by the Federal Reserve. The …

Shares of BP (LON:BP) (NYSE:BP) rose on Monday after the energy giant announced a significant oil and gas discovery offshore Brazil, marking the company’s largest find in 25 years. The discovery was made in the Santos basin, located in a deepwater pre-salt region, which is known for being one of …

European stocks opened the week on a positive note, buoyed by investor optimism as they continued to digest the volatility surrounding the Trump administration’s trade negotiations and the global growth outlook. At 03:05 ET (07:05 GMT), Germany’s DAX index rose by 0.3%, France’s CAC 40 gained 0.5%, and the UK’s …

Bitcoin rose by 0.6% to $114,268.8, steadying after logging steep losses in the past week. Broader crypto prices showed marginal gains, attempting to recover from last week’s risk-off sentiment, with profit-taking still in play. Key Drivers: Soft U.S. Economic Data: Bitcoin and broader markets were rattled by soft U.S. payrolls …

Spot Gold: $3,360.26 per ounce (unchanged) Gold Futures (December): $3,412.70 per ounce (up 0.2%) Key Highlights: Gold’s Recent Rally: Gold prices saw a 2% jump on Friday, recovering from earlier losses, thanks to weaker-than-expected U.S. labor data and expectations for interest rate cuts by the Federal Reserve. The U.S. nonfarm …

The trading week ending July 29 was marked by significant market-moving events, most notably the Federal Reserve meeting, labor market and inflation data, U.S. economic growth figures, and developments in the Trump administration’s trade policy. The Federal Reserve opted to keep interest rates unchanged last Wednesday, while signaling a continued …