Market Update

European shares stabilized on Wednesday after falling sharply in the previous session, but sentiment was shaken by the suspension of AstraZeneca global trials of its Covid-19 vaccine. AstraZeneca shares fell 1.3% as it announced the suspension of large trials in its final stages on an experimental vaccine due to the …

Japanese stocks hit their lowest levels in more than a week on Wednesday, September 9th, in light of global risk aversion as heavy technology companies continued losses in the United States. The Nikkei index closed 1.04% lower at 2,3032.54 points, while the broader TOPIX index lost 0.96% to 1,605.40 points. …

Gold prices fell on Wednesday, September 9th, as the dollar’s rally overshadowed the support caused by the decline in global stocks, while investors awaited monetary policy strategies from central banks this week. Spot gold fell 0.3% to 1925.97 dollars an ounce by 06:16 GMT. And gold in US futures fell …

China’s CPI fell 2.4% in August on an annualized basis, in line with expectations. In addition, the producer price index registered a 2% decline, in line with expectations for the same period. It is reported that this decline came at the slowest annual pace since last March, indicating that the …

According to a Bloomberg survey of economists, the European Central Bank (ECB) will continue with its verbal intervention while keeping rates on hold this week. “The currency’s 10% jump since coronavirus lockdowns started in March makes ECB President Christine Lagarde’s job harder by putting downward pressure on inflation. Combined with …

FX option expiries for Sept 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1800 717m1.1840 508m1.1925 773m – USD/JPY: USD amounts          105.40 450m105.45 520m105.50 426m106.25 533m106.50 841m – NZD/USD: NZD amounts 0.6550 203m0.6680 231m

The New York Stock Exchange (NYSE) closed lower on Tuesday with the correction wave continuing and tech stocks leading the decline. The Dow Jones Industrial Average dropped by 632.42 points, or 2.25%, to close at 27,500.89 points. Meanwhile, the S&P 500 finished lower at 3,331.84 points, losing 95.12 points or …

US Treasury yields decreased on Tuesday amid a strong decline in the stock market, which increased demand for safe havens. Return on the 10-year Treasury note decreased by 3.8 basis points to 0.683%. The yield for the 30-year bond fell by 4.7 basis points to 1.421%. Meanwhile, the two-year bond …

Oil prices declined on Tuesday to its lowest level since June, amid concerns about the global demand outlook, despite reports of some major producers planning further output cuts. Brent crude futures for November delivery plunged by $2.23, or 5.3%, to settle at $39.78 per barrel. Meanwhile, the West Texas Intermediate …

The US Dollar (USD) is maintaining its rising trend on Tuesday, extending its gains further amid the decline in the British Pound (GBP) on Brexit uncertainty and the Euro on the Eurozone’s economic contraction. The Dollar Index (DXY), which measures the performance of the USD against a basket of six …