Market Update

Higher Treasury yields knocked on growth stocks in the United States on Tuesday, as a slowing pace of rise in China’s services activity fueled concerns about demand in the world’s second-largest economy. The 10-year Treasury note yield has risen to 4.21% ahead of additional economic data and the Federal Reserve’s …

European stocks fell on Tuesday to their lowest levels in a week, as weak economic data in China stoked fears about a slowing recovery while investors awaited the release of local data that could provide clues to the European Central Bank’s plans for monetary tightening. The European STOXX 600 index …

Oil prices were mixed on Tuesday as support from measures taken by China to support its economy faded, countering the impact of expectations for an extension of supply cuts by two major OPEC+ members, Saudi Arabia and Russia. Brent crude futures for November delivery fell ten cents, or 0.11 percent, …

The Reserve Bank of Australia meeting will be the focal point of the Asian session. The interest rates are not anticipated to alter. Additionally, the Services PMIs’ final reading will be made public. Data on US factory orders and wholesale inflation in the Eurozone are due later in the day.In …

This holiday-shortened week will witness key economic events, such as Factory Orders Data, Initial Jobless Claims, and Consumer Credit releases in the United States. These events will add to the spotlight on the Fed, with several FOMC speakers making speeches and the Fed’s Beige Book for September scheduled to be …

As investors await the Reserve Bank of Australia’s next monetary policy decision, the AUD/USD pair recovers to 0.6460s, up 0.26%. A weaker US Dollar is caused by mixed US jobs data and Wall Street’s closure for Labour Day; the probability of a Fed rate hike in September remains at 92%. …

Multichain (MULTI) has experienced a 15.47% increase in value on Monday, with the crypto up 115% to the $2.39 high. The broader crypto market has also seen a 4.75% increase. Multichain has a bullish sentiment reading on the InvestorsObserver Sentiment Score, which measures the crypto’s performance over the past five …

Prior to settling around $85.50, WTI reached the support level of $85.32. Investors are still assessing the Friday-released August US NFPs. OPEC expected that its voluntary production caps would remain in place. The WTI crude barrel traded neutrally in the $85.50-$86.00 band, close to multi-month highs, thanks to the falling …

Chinese equities rose on Monday as Beijing pushes forward attempts to restore the nation’s struggling real estate market, while a rally in Europe fizzled owing to worries about increases in eurozone interest rates. The Hang Seng in Hong Kong increased 2.5%, driven primarily by strong gains in developer firms, while …

With the country’s economy growing at an annual pace just above 3.5% in the second quarter. This is far from the 9.9% rate it averaged over its first three decades of economic reform. The country’s aging labour force is shrinking, and President Xi Jinping emphasizes loyalty to the Communist Party …