Market Update

The US nonfarm jobs data for August is expected on Friday, with bond market investors seeking a reprieve from higher long-term rates. The August employment report showed the economy added fewer jobs than expected, but solid wage gains and a declining unemployment rate to 3.5% pointed to continued tightness in …

WTI has surged despite Chinese economic fears, trading near $80.00 and at $79.94 per barrel. The fragile Chinese economic situation limits upside potential, but markets are monitoring potential supports from the Chinese government.Oil prices managed to maintain momentum despite the fragile real-estate sector and the plummeting Evergrande’s stock. The US …

After a strong recovery, the price of gold has levelled out as investors look for new reasons to take action. At the time of writing, the precious metal is selling for $1921.51 per ounce. At the Jackson Hole Symposium, Fed Chair Jerome Powell reaffirmed that future policy decisions will be …

Oil prices were little changed on Monday after China took steps to support its ailing economy, although investors remained concerned about the pace of growth as well as possible new hikes in US interest rates that could dampen demand for oil. China has halved the stamp duty on stock trading …

The dollar retreated slightly from a 12-week level on Monday, August 28, as investors assessed the path of US monetary policy after US Federal Reserve Chairman Jerome Powell left the door open to the possibility of further interest rate hikes. In a highly anticipated speech at the annual financial policy …

Gold prices rose Monday, August 28, despite US Federal Reserve Chairman Jerome Powell’s statements about the possibility of further rate hikes, as markets seek indications through economic data this week to draw a clearer picture of the path of interest rates. Spot gold rose 0.1% to $1,915.99 an ounce by …

Japan’s Nikkei average on Monday posted its highest one-day rise in two months as investors bought back shares after losses at the end of last week, but tourism-related stocks fell amid concerns about the impact of a Chinese ban on seafood imported from Japan. The Nikkei rose 1.73 percent to …

All economic developments and investor-focused topics in the previous trading week were eclipsed by the speeches by ECB President Christine Lagarde and Fed Chair Jerome Powell on Friday. Hawkish stances from Jackson HoleECB President Christine Lagarde and Fed Chair Jerome Powell addressed key economic developments and investor-focused topics. Lagarde emphasized …

The GBP/USD pair retreated by 0.18% due to concerns over global business activity and China’s real estate market woes. The US Dollar Index advanced 0.19% to new two-month highs, driven by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless …

Christine Lagarde, president of the European Central Bank, said on Friday that crucial inflation expectations are still anchored at 2%. She emphasized the significance of these anticipations and expressed certainty that the inflation figures will change by the year end.Following statements by Lagarde of the ECB and Powell of the …