Market Update

Russian Deputy Prime Minister Alexander Novak said Monday, July 3, that Russia will reduce its oil exports by 500,000 barrels per day in August. “As part of efforts to ensure that the oil market remains balanced, Russia will voluntarily reduce its oil supplies in August by 500,000 barrels per day …

Gold prices fell on Monday as a stronger dollar reduced the precious metal’s safe-haven appeal and investors awaited non-farm payrolls data in the United States and minutes from the latest Federal Reserve meeting to be published later this week. Spot gold prices fell 0.4 percent to $1911.70 an ounce by …

Japan’s Nikkei index closed at a 33-year high on Monday, with machinery makers leading gains, while a quarterly central bank survey indicated a recovery in business activities. The Nikkei index rose 1.7 percent to 33,753.33 points, the highest closing level since March 1990. The broader Topix index rose 1.41 percent …

The yen remained below the 145 level against the psychologically important dollar on Monday, while the US currency held firm against its most important competitors after economic data last week showed a slight decline in inflation and consumer spending in the United States. The yen fell 0.09 percent to 144.45 …

Gold prices changed slightly on Monday, as the strength of the US dollar affected the attractiveness of the yellow metal, at a time when markets were awaiting important economic data to obtain more information about the Federal Reserve’s plans to raise interest rates in the future. Gold prices settled in …

European stock markets are anticipated to begin modestly down on Monday, reversing some of last week’s solid gains on a dip in US inflation as investors analyse mixed Chinese factory data. At 06:00 GMT, the DAX futures contract in Germany was 0.1% lower, the CAC 40 futures contract in France …

Oil prices fell in early Asian trading on Monday, as fears of a global economic slowdown and the possibility of the Federal Reserve raising interest rates were met with expectations of a reduction in supplies in light of the cuts announced by the OPEC + group. Brent crude futures fell …

Wagner Group mutiny provided temporary support to equity markets, but the fundamental pressure continued to crumble. Stocks experienced a momentary lift, but the economic slowdown in the USA and higher rates caused lower prices later. A correction in US equities is likely due to more than just a technical issue. …

The US dollar and Treasury yields retreated in May due to slowed consumer spending, but futures predict the Fed will resume raising interest rates next month to quell inflation. The core Personal Consumption Expenditures (PCE) price index fell to 4.6%, down from expectations of 4.7%. The PCE index increased by …

The official June employment report for the US will be made available next Friday. The expected rise in payrolls is 200K, according to the market. Analysts anticipate a gain of 245K. Investors’ attention will therefore turn to consumers in a week that includes a wealth of earnings and data relating …