Market Update

The general business activity index in the Dallas Fed’s Texas Manufacturing Outlook Survey (TMOS) decreased by 1.1 points in October, marking the second consecutive month of declines. However, the production index showed growth in Texas factory activity after four months in negative territory. The capacity utilization index also showed a …

Gas prices rose in the Netherlands and Britain on Monday morning, October 30, driven by news that Egyptian gas imports would stop, which will consequently affect its exports of liquefied natural gas. Cold weather and unscheduled outages in Norway also supported prices. The Dutch November benchmark natural gas contract rose …

European stocks rose in early trading on Monday, supported by health care shares, as bond yields fell while investors evaluated key inflation data. By 0826 GMT, the European STOXX 600 index rose 0.8 percent after falling more than four percent in the past two weeks. Sovereign bond yields in the …

Data showed on Monday that the German economy recorded a slight contraction in the third quarter, as the performance of the largest economy in Europe is still affected by weak purchasing power and high interest rates. The Federal Statistics Office said that the gross domestic product fell 0.1 percent on …

The dollar stabilized in cautious trading on Monday and kept the yen near the 150 level, as traders awaited financial policy decisions from the Bank of Japan this week, meetings of major central banks, and a series of important economic data from around the world. On Monday, the Bank of …

Japan’s Nikkei index fell on Monday, tracking declines on Wall Street in the previous session and affected by caution ahead of meetings of the Japanese and US central banks. The Nikkei index closed down 0.95 percent at 30,696.96 points, while the broader Topix index closed down 1.04 percent at 2,231.24 …

On Monday, oil prices fell by more than 1% as investors exercised caution in anticipation of the Federal Reserve’s monetary policy meeting and China’s manufacturing data release later in the week. This caution overshadowed the support generated by heightened tensions in the Middle East. At 0350 GMT, Brent crude futures …

Last week, the US dollar demonstrated remarkable resilience, propelled upwards by robust growth indicators in the United States and an escalating demand for safe-haven assets triggered by mounting geopolitical tensions in the Middle East. The Israeli army’s limited incursions into the Gaza Strip stirred renewed concerns, leading to a surge …

The Japanese Yen has seen a rebound ahead of the weekend, with the pair gaining strength against the US Dollar after Tokyo inflation data increased expectations that the Bank of Japan will tighten its monetary policy. The release of Tokyo CPI ex Fresh Food data in October saw the Yen …

September saw underlying price gains, but not enough to cause the central bank to hike interest rates the following week. The summertime decline in inflation slowed last month. However, recent improvements in inflation have allowed Fed policymakers to decide to keep interest rates unchanged at their meeting next week.The Fed’s …