Market Update

European shares opened higher on Wednesday, September 2, after suffering losses for four consecutive sessions, while the media and entertainment sector recovered from the large losses recorded in the previous session. The European Stoxx600 index rose 1.1% in early trade, after losing more than 2% over the past four sessions. …

German retail sales declined in July, missing economists’ expectations of an increase Data released by the German Statistics Office on Wednesday showed that German retail sales fell by -0.9% during the month of July, compared to a decline of -1.9% in the previous June. On the year, retail sales rose …

Russia’s production of oil and gas condensate rose 5% in August to 41.7 million tons, or 9.86 million barrels per day, from 9.37 million barrels per day in July, Interfax news agency reported, citing data from the Russian Energy Ministry. The increase follows a decision by a group of oil-producing …

According to the New York Mercantile Exchange, crude oil futures for October were traded at $43.09 a barrel, up 0.77%. It was previously traded at a session high at $43.16 a barrel. Crude oil may find support at $42.36 and resistance at $43.57. The dollar index, which measures the performance …

According to the COMEX, gold futures for December were traded $ 1971.20 per ounce, down 0.39%. It previously traded at a session low at $ 1965.80 an ounce. Gold may find points of support at $ 1914.70 and resistance at $ 2001.20. The dollar index, which measures the performance of …

American Petroleum Institute data released showed a decline in US inventories of crude oil and fuel in the latest week. Crude inventories fell 6.4 million barrels for the week ending August 28 to about 501.2 million barrels, while analysts expected a decline of 1.9 million barrels. Crude stocks at the …

Japanese stocks rose on Wednesday, September 2, after positive data for the manufacturing sector in the United States revived hopes that the global economic recovery from the Covid-19 pandemic remained on track. Nikkei closed up 0.47% to 23,247.15 points, while TOPIX index rose 0.47% to 1623.40 points. Stocks also received …

FX option expiries for Sept 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1875 929m  – USD/JPY: USD amounts          105.55 829m105.75 465m106.00 581m106.50 1.1bn – USD/CAD: USD amounts         1.3225 1.1bn – NZD/USD: NZD amounts 0.6750 211m

US Treasury Secretary Stephen Mnuchin said the economy desperately needs additional financial incentives to fully recover from the Covid-19 crisis, and Mnuchin added that parts of the economy still need additional support. Minuchin held Democrats in the House and Senate in Congress responsible for the failure of negotiations on a …

The New York Stock Exchange (NYSE) closed higher on Tuesday, supported by positive economic data that showed a rebound in the manufacturing sector. The Dow Jones Industrial Average increased by 215.61 points or 0.8% and closed at 28,645.66 points. S&P 500 gained 26.34 points or 0.8% and finished at a …