Market Update

Wall Street’s main indexes advanced on Monday as investors awaited key economic data and major corporate earnings this week for clues on the U.S. economy and monitoring the Israel-Hamas conflict. Long-dated US Treasury yields gained as the United States sought to prevent an escalation in tensions, with Secretary of State …

The BoC noted in its Business Outlook Survey for the third quarter on Monday that consumers thought that interest rates will go up over the next 12 months.USD/CAD stays under modest bearish pressure in the American session and the pair was last seen losing 0.23% on the day at 1.3625.Key …

Federal Reserve Bank of Philadelphia President Patrick Harker said higher interest rates are making it more challenging for first-time home buyers by raising borrowing costs and limiting inventory, which is also leading to higher home prices.Higher rates discourage current owners from listing their homes for sale, which puts a crunch …

The Euro (EUR) commenced the new trading week on a positive note against the US Dollar (USD), leading to an extension of EUR/USD’s rebound from the 1.0500 level, ultimately regaining the 1.0540 zone on Monday. The US Dollar (USD) experienced a slight decline, retreating from last week’s peak near 106.80 …

The Australian Dollar (AUD) started the week by recovering from a three-day losing streak, showing strength against the US Dollar. This positive movement followed a period of challenges, possibly influenced by shifting discussions regarding the trajectory of the US Federal Reserve’s (Fed) monetary policy. Investors are closely watching the Reserve …

European stocks rose on Monday, led by gains made by mining companies amid optimism about demand from China, the largest consumer. However, trading witnessed a cautious approach as investors evaluated the possibilities of escalating conflict in the Middle East. The European STOXX 600 index rose 0.4 percent by 0707 GMT. …

Japan’s Nikkei index fell by more than two percent on Monday, affected by a decline in stocks related to the chip manufacturing sector and in light of a decline in risk appetite due to escalating tension in the Middle East. The Nikkei index fell 2.03 percent, closing at 31,659.03 points. …

Gold prices fell on Monday after reaching the highest level in nearly a month, with escalating fears of the conflict between Israel and the Islamic Resistance Movement (Hamas), which pushed the precious metal to rise by more than three percent in the previous session. By 0102 GMT, gold in spot …

Oil prices fell on Monday, with Friday’s rise relatively subsiding as investors awaited the repercussions of the conflict between Israel and the Islamic Resistance Movement (Hamas) on other countries, which could push prices up and deal a new blow to the global economy. Brent crude futures fell 34 cents, or …

Gold Gold prices surged last week, driven by safe-haven demand amid escalating geopolitical tensions. The rally began as Israel declared war and launched a military operation against the Palestinian militant group Hamas after an unprecedented attack on Israel. Gold, being a traditional safe-haven asset, gained 1.6% on Monday, marking its …