Market Update

According to the preliminary manufacturing activity report from IHS/Markit research, released this Friday, the German manufacturing sector improved further in August. In fact, the German manufacturing purchasing managers index (PMI) arrived at 53.0 in August versus 52.5 expected and 51.0 previous, 30-month highs. Meanwhile, Services PMI fell to a two-month …

Although figures from Australia renewed hopes that the coronavirus (COVID-19) is abating in its wave 2.0, data from Wellington and Beijing portray a mixed picture. New Zealand’s new cases rise from 5 to 11, which in turn pushed Prime Minister Jacinda Ardern to postpone lockdown related announcement to Monday. On …

In light of flash data for Natural Gas futures markets from CME Group, open interest shrunk for the second consecutive session on Thursday, this time by almost 7.4K contracts. Volume, instead, extended the erratic performance and went up by more than 132K contracts.

The Nikkie benchmark index rose in early trading on the Tokyo Stock Exchange on Friday, August 21st. Nikkie increased 0.62% to 2,3022.76 points, while the broader TOPIX index rose 0.61% to 1,608.91 points.

The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9107 versus Thursday’s fix at 6.9274.

In light of preliminary prints for Crude Oil futures markets from CME Group, open interest and volume went up by nearly 4.7K contracts and by around 103.5K contracts, respectively, on Thursday.Prices of the WTI keep the broad-based side-lined theme unchanged for the time being, Thursday’s bounce of daily lows was …

CME Group’s advanced figures for Gold futures markets noted traders increased their open interest for the second session in a row, this time by just 418 contracts. Volume, on the other hand, reversed three consecutive daily builds and went down by around 64.2K contracts.

The New York Stock Exchange (NYSE) closed higher on Thursday, with more investors moving towards the stock market amid a decline in the US Treasury yields. The Dow Jones Industrial Average gained 46.85 points, or 0.17%, and finished at 27,739.73 points. The S&P 500 index rose by 10.66 points or …

Oil prices decreased on Thursday, on renewed concerns regarding economic recovery from the COVID-19 crisis, after the US Federal Reserve expected the pandemic to weigh heavily on the economy and the increase in jobless claims in the US last week. Brent crude futures for October delivery settled lower by 47 …

Gold prices declined on Thursday, after the most recent meeting minutes by the United States Federal Reserve hinted at potentially further easing in monetary policy. The yellow metal’s decline comes despite the Dollar index (DXY) returning to the downward trend, on the back of an increase in jobless claims in …