Market Update

After climbing for three weeks straight, oil prices increased little on Monday as anticipation of supply reductions from Saudi Arabia and other OPEC+ members outweighed worries about slowing global growth that would reduce demand for gasoline. After OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, …

U.S. stock futures were largely steady on Monday as traders re-entered the market after the Easter weekend and faced a slew of important economic reports that might influence the direction of Federal Reserve monetary policy going forward. At 11:00 GMT, the Nasdaq 100 futures were down 16 points or 0.13%, …

Gold prices fell by 1 percent to below $2,000 on Monday after US jobs data showed continued strength in the labor market, which reinforced expectations that the Federal Reserve would raise interest rates again in May. Spot gold fell 0.8 percent to $1,992.97 an ounce by 0613 GMT. US gold …

Japanese stocks rose at the close Monday, April 10, with the yen falling slightly, supported by hopes about the global economy’s ability to withstand rising inflation and raising interest rates, but stock movements were limited ahead of the first press conference of Bank of Japan Governor Kazuo Ueda. The Nikkei …

Oil prices rose in early Asian trading on Monday, supported by expectations of production cuts targeted by OPEC + starting in May, but gains were limited by concerns about the global economic outlook. Brent crude futures rose 13 cents, or 0.2%, to $85.25 a barrel by 2356 GMT, while US …

Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).Global financial markets ended last week with mixed performance reflecting …

After Friday’s NFP data, attention is shifting turns to US inflation and global growth concerns. Markets continue to move fast. Economic DataNonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and …

On Friday, Russia said that it reduced daily oil production in March by 700,000 barrels. That was a greater decrease than the 500,000 barrels per day that the nation had previously committed to. The decreased output coincides with OPEC+’s promise to lower production by 1.1 million barrels per day beginning …

Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …

WTI crude oil is trading at $80.415 per barrel, at the time of writing, while Brent cruse is trading at 84.66 per barrel. Trading, by definition, is a short-term endeavour. Although it may feel like a very long time when traders are watching and waiting for a move, positions are …