Market Update

Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step, This sort of statements could be looked upon as a resonation of the broad hawkish stance and Fed’s tendency …

European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares (EPA:OREP) bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European …

European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …

Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …

Oil prices surged by $3 a barrel on Friday following reports of Israeli missile strikes on a site in Iran, heightening concerns over potential disruptions to oil supplies in the Middle East. Benchmark contracts initially spiked more than $3 before slightly retracing their gains. By 0200 GMT, Brent crude futures …

Gold prices climbed on Friday as risk aversion gripped financial markets following reports of bombings in Iran. These reports raised concerns about a potential escalation in regional tensions, bolstering gold’s status as a safe-haven asset. By 0429 GMT, spot gold rose by 0.3 percent to $2,386.05 per ounce, after briefly …

Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US yields, while the ECB’s officials maintained dovish stance and continued to advocate the start of the central bank’s rate cut and monetary easing next the summer.Developments In Forex SpaceThe US dollar regained upside …

The International Monetary Fund expects that Russia’s economy will grow by 3.2% in 2024, outpacing all advanced economies, including the US. Despite the war, high investment and robust private consumption have driven Russia’s economy forward. The IMF expects this momentum to fade in 2025, with Russia growing at a rate …

The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with nearly nil profit margins for traders. A potential turning point in the decline of the price of Bitcoin is not totally ruled out, though. A week of declining prices for Bitcoin …

Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased demand for the precious metal by central banks worldwide. No tangible developments have taken place regarding the current situation in the Middle East since Iran launched attacks on Israel with missiles and drones, and …