Market Update

British house prices rose by 6.3% in January from the same month in 2022, the Office for National Statistics (ONS) said on Wednesday. The rise was smaller than December’s downwardly revised 9.3% increase. London saw the weakest annual price rise of all English regions, with prices in the capital up …

A two-day recovery in European stocks stalled on Wednesday as investors awaited the outcome of the Federal Reserve’s monetary policy meeting after signs of problems in the banking sector raised hopes that the bank would follow a moderate approach in raising interest rates. And by 0811 GMT, the European Stoxx …

British inflation unexpectedly rose to 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest interest rate decision. Economists polled by Reuters had forecast that the annual CPI rate …

Gold prices moved in a narrow range on Wednesday, with some investors reluctant to trade pending the Federal Reserve’s decision on interest rates and a clearer picture regarding the future of monetary policy. Gold settled in spot transactions at $ 1940.11 an ounce by 0540 GMT, after falling 2 percent …

Asian stock markets rose on Wednesday as investors flocked to bargain financial companies amid lessening banking crisis worries. Attention is now fully on a Federal Reserve interest rate decision later in the day. One of the top performers for the day was Japan’s Nikkei 225, which increased by more than …

Oil fell in early Asian trading on Wednesday, trimming its gains for two consecutive days after a report showed US crude inventories rose unexpectedly last week in a sign of possible weak demand for fuel. Brent crude futures fell 48 cents, or 0.6 percent, to $74.84 a barrel at 0203 …

Wall Street indexes rose sharply on Tuesday ahead of the Federal Reserve decision, led by shares of regional banks. First Republic stock rose 29%. The Dow Jones gained 0.98%, and the Nasdaq advanced 1.58%. Banking fears keep easing, paving the way for more tightening from central banks. US Treasury Secretary …

At the conclusion of its two-day meeting on Wednesday, the US Federal Reserve may attempt to shock the banking system back to life and avert a developing financial crisis by keeping interest rates unchanged. Jerome Powell As well as other senior officials have frequently assured the public that their drive …

Ahead of the March policy meeting of the Federal Reserve, the EUR/USD remains stable above the 1.0740s. Policymakers at the ECB have remained preoccupied with banks and avoided discussing monetary policy. Traders anticipate a 25 basis point rate increase by the end of the FOMC’s March meeting, which is on …

With exports of petroleum products increasing between 2010 and 2022, the United States has emerged as a major energy supplier in the midst of Russia’s conflict in Ukraine, and the Energy Information Administration (EIA) anticipates this trend to continue.The average US petroleum product exports increased by 7% to 5.97 million …