Market Update

European stocks rose on Monday as investors assessed the uncertainty surrounding the US debt ceiling talks and the presidential elections in Turkey and were looking forward to data released this week for clues about the state of the global economy. The European Stoxx 600 index rose 0.4 percent, with personal …

Most Asian stock markets fell on Monday as investors braced for a spate of Chinese economic data, as well as monetary policy indications from a crop of Federal Reserve speakers later in the week. China’s Shanghai Composite index was the worst performer on the day, down 1.1% as local industrial, …

Oil prices fell on Monday, as concerns about fuel demand in the United States and China, the world’s two largest consumers, outweighed optimism about tight supplies due to any production cuts from the OPEC + group and the United States resuming purchases of its reserves. And by 0130 GMT, Brent …

Gold prices rose on Monday as talks to raise the US debt ceiling stalled and fears of an economic slowdown pushed some traders towards the precious metal, a safe-haven asset. And by 2049 GMT, spot gold rose 0.1 percent to $ 2013.79 an ounce, after falling for three sessions. US …

The dollar remained close to a peak of more than a week on Friday after a slew of data released overnight indicated a slowdown in the US economy, as investors bet the Federal Reserve would halt interest rate increases. The dollar index, which measures the performance of the US currency …

It is possible that Monday won’t be the typical “quiet Monday” after the Dollar’s surge on Friday. The Reserve Bank of Australia’s minutes, Canadian inflation, US retail sales, Chinese activity, and other events make Tuesday the busiest day of the week for economic statistics. Australia will report labour market information …

Even though US inflation has slowed and there are signs that the cycle of monetary tightening may be coming to an end, this week’s trend was negatively impacted by a bunch of weak corporate earnings and ongoing worries about US regional banks. Although the sessions have been tumultuous, the major …

Gold prices retreat modestly heading into the weekend due to US dollar strength and rising US yields, but the medium-term outlook remains constructive. The jump in yields coincided with the release of the University of Michigan US Sentiment survey, which showed consumer attitudes sinking to a six-month low of 57.7 …

On Friday, crude oil prices retreated and were set to end the week lower for the third straight week, as the market balanced supply fears against renewed economic concerns in the United States and China.Brent crude futures fell 59 cents, or 0.8%, to $74.39 a barrel by 12:07 p.m. EDT …

The US dollar is grinding towards achieving weekly gains in all markets. The EUR/USD pair is impacted by higher US yields and gloomier mood. The couple’s week is at its lowest point since September 2022.For the fourth time in the previous five days, the EUR/USD is declining on Friday, adding …