Market Update

European stock markets rose on Wednesday, as generally favourable reports from the banking sector bolstered confidence ahead of the critical Federal Reserve policy meeting. At 07:55 GMT, the DAX index in Germany was 0.5% higher, the FTSE 100 in the United Kingdom was 0.5% higher, and the CAC 40 in …

Gold prices hovered above the $2,000 mark on Wednesday, as investors await the Federal Reserve’s decision on interest rates due later on Wednesday. Gold settled in spot transactions at $ 2016.29 an ounce by 0140 GMT, after rising by more than one percent in the previous session. US gold futures …

The dollar fell on Wednesday after data showed a decline in new jobs in the United States, while all eyes were on the Federal Reserve’s decision later on Wednesday regarding interest rates. Data on Tuesday showed new jobs fell in the United States for the third month in a row …

Oil prices continued their decline on Wednesday, after falling nearly five percent in the previous session to a five-week low, while investors await more rate hikes this week. Brent crude futures fell 13 cents, or 0.2 percent, to $75.19 a barrel by 0015 GMT, while West Texas Intermediate crude fell …

The decline in US yields, on Tuesday, boosted gold, which jumped toward $2,020 posting the highest daily close in three weeks. Silver climbed from $24.60 to $25.35. Cryptocurrencies soared, with BTC/USD rising 3.50% to $28,700.Following a sharp drop in equity prices on Wall Street and significant swings in the FX …

The US debt ceiling fight could impact most financial assets. For example, Bitcoin could react to this fight in one way or another. Some analysts believe raising the debt ceiling would prompt the Fed to print more money, thus boosting capital inflows into “risky” assets like Bitcoin. Top US Senate …

Gold unusually surged on Tuesday, ahead of the Fed’s interest rate release, amid expectations that the US central bank will raise the basic interest rate by 25 points, a rise that came due to the downside pressures on the US dollar.The decline in US yields, on Tuesday, boosted gold, which …

In order to stop the tightening cycle, the Fed is predicted to raise rates by 25 basis points. In an unexpected decision, the Reserve Bank of Australia unexpectedly increased the cash rate. Tepid data raises the possibility of a recession as the US dollar enters the event in a weak …

Bluesky, the Jack Dorsey-backed Twitter alternative, has seen over 375,000 worldwide installs on iOS as of April 26, 2023, and has been ranking highly on Apple and Google’s app stores’ top charts by downloads. Excitement for Bluesky has also been climbing in recent weeks, with the highest level of daily …

US equities fell on Tuesday as the Federal Reserve started its two-day meeting as the effects of First Republic Bank’s (FRC) failure continued to weigh on bank stocks.During lunchtime trading, the Dow Jones Industrial Average dropped more than 400 points, or 1.4%, while the S&P 500 sank 1.48%. The heavily …