Market Update

Natural gas inventories in the United States decreased by 11 billion cubic feet (bcf) last week, according to the weekly report released on Thursday by the U.S. Energy Information Administration (EIA). Working natural gas in storage reached 1,782 bcf as of Friday, March 12, the report showed. Gas stockpiles were …

Rising US bond yields boosted the dollar on Thursday, March 18th, helping it recover from its lowest level in two weeks after the US Federal Reserve dispelled speculation of an interest rate hike. And 10-year US Treasury bond yields recorded their highest levels in 13 months in early London trade, …

There were 770,000 initial claims for unemployment benefits in the US during the week ending March 11, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 725,000 (revised from 712,000) and missed the market expectation of 700,000 by a …

The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its March policy meeting and kept the Asset Purchase Facility steady at £895 billion as widely expected.

The Turkish central bank issued the interest rate decision today, and expectations are that the bank will raise the interest rate again, to 18%. The central bank raised the interest rate to 19%, which is higher than expectations, to increase confidence in the independence of the bank’s decisions.

The German economy will likely grow 3.7% in 2021 and reach pre-crisis levels before the end of the year, as progress in the vaccination campaign could contribute to an increase in exports and consumption, the IFW Economic Institute said on Thursday. IFW, one of Germany’s main institutes and part of …

Auto stocks lifted the German DAX index to a record high Thursday, March 18th, while leading eurozone stocks jumped to pre-pandemic levels after the US Federal Reserve pledged to keep interest rates low despite anticipating increased economic growth. The index of the 50 largest companies in the euro area gained …

The Turkish lira weakened slightly Thursday, March 18, ahead of a central bank decision on interest, when it is expected to raise the main interest rate by 100 basis points to 18%, in what is considered an important test of its commitment to reduce inflation. Expectations for a rate hike …

Japanese stocks jumped Thursday, March 18th, while the Topix index reached a 30-year high, supported by the US Federal Reserve’s expectation of rapid economic growth and its pledge to keep interest rates low. The broader Topix index advanced 1.23% to close at 2008.51 points, surpassing the 2000 level for the …

Gold fell surprisingly after reaching its highest level, with severe selling pressure and the survival of trading below 1730, which may increase selling pressure… to be updated…