Market Update

The US dollar was not able to sustain the initial optimism and suffered additional selling pressure amidst renewed strength in the yen and steady prudence ahead of the release of US Nonfarm Payrolls on Friday. The USD Index navigated the area of three-week lows around 105.50. What to watch on …

Although Apple’s quarterly sales were 4% lower than they were a year ago, the corporation nevertheless managed to beat estimates for both revenue and earnings per share. Because Apple its scale and the fact that it is a significant user of semiconductors, screens, and other components, the maker of the …

Awaiting Apple’s earnings, scheduled after the bell, investors’ enthusiasm for technology equities grew. Following a turbulent Wednesday, US market indexes were rising as Jerome Powell, the chair of the Federal Reserve, gave investors some comfort from their growing concern of an interest rate hike. He did, however, also say that …

After losses during the past trading session, Bitcoin is making an attempt to recover. After plunging over 6% on Wednesday and having its worst monthly performance in April since late 2022, it has bounced back from the lows set on Wednesday, currently trading at $590,111 as of this writing. The …

Changpeng Zhao, the founder of Binance exchange, has been sentenced to four months in prison, a lighter penalty than other crypto executives have faced since the industry’s collapse in 2022. Zhao pleaded guilty last year to a money-laundering violation, acknowledging that his company allowed terrorist groups and other criminals to …

The US Dollar Index, or DXY, was trading slightly higher at 105.80 earlier on Thursday. Despite cautious words made by Fed Chair Jerome Powell regarding inflation and its unclear future trajectory, the dollar saw a brief upward momentum. Weekly Jobless Claims data appear to be helping the dollar, which is …

The number of Americans filing new unemployment benefits remained low last week, indicating a tight labour market that should continue to support the economy in the second quarter. However, economists dismissed data from the Labour Department showing growth in worker productivity almost stalled in Q1, arguing that the trend in …

Oil prices rebounded on Thursday after three consecutive days of losses that brought prices to their lowest levels since mid-March. Brent crude futures for July rose by 79 cents, or 0.95%, to reach $84.23 a barrel by 0959 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude for June climbed by …

U.S. stock index futures advanced on Thursday following the Federal Reserve’s decision to keep interest rates unchanged, easing concerns about potential rate hikes and shifting attention to a wave of earnings updates scheduled throughout the day. Federal Reserve Chair Jerome Powell indicated that despite persistently high inflation, the anticipated U.S. …

European shares started on a subdued note on Thursday as investors resumed trading after a mid-week holiday to analyze a flurry of significant earnings reports and the Federal Reserve’s indication of a delay in interest rate cuts. The pan-European STOXX 600 edged down by 0.2% as of 0715 GMT, following …