Market Update

In a joint press conference with European Commission President Ursula von der Leyen on Monday, British Prime Minister Rishi Sunak that they have amended the original Northern Ireland Protocol deal and agreed a new “Windsor framework.” The GBP/USD edged slightly lower from daily highs with the initial reaction to this …

Canada will release the Q4 Gross Domestic Product data on Tuesday, February 28 at 13:30 GMT as the release time is looming, forecasts from economists and researchers of six major banks regarding the upcoming growth data. Canadian growth is expected at 1.5% seasonally adjusted at an annualized rate (SAAR) in …

Shanghai upgrade that will come in force as of Monday, February 28, is expected to make withdrawals of the staked Ethereum possible but on a test network. Ethereum is trading at 1660.20 at the time of writing versus the previous closing price at 1642.20.Some altcoins that could rally as a …

Contracts to buy U.S. previously owned homes rose by the most in more than 2-1/2 years in January, but a resurgence in mortgage rates could delay a much-awaited housing market turnaround. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, jumped …

 New orders for key U.S.-manufactured capital goods increased more than expected in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending …

British Prime Minister Rishi Sunak is expected to announce a new deal on post-Brexit trade rules for Northern Ireland on Monday, gambling that the reward of better ties with the European Union is worth the discord it might cause within his own party. In power for only four months, Sunak …

Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, its first increase in two months even as the carmaker continued to feel the strain from global chip shortages. The company, which is the world’s largest automaker by volume, and other car manufacturers are still …

European stocks opened higher on Monday, supported by a jump in retail stocks after posting their worst weekly performance this year due to fears that interest rate hikes will continue for a longer period in the United States and the eurozone. The pan-European Stoxx 600 index was up 0.8% by …

Data from the Turkish Statistical Institute showed on Monday that the economic confidence index fell by 0.3 percent on a monthly basis in February to 99.1 points, after violent earthquakes devastated the southern region of the country. The index, which indicates an optimistic outlook when its reading exceeds the 100 …

The dollar settled near its highest level in seven weeks on Monday, after a batch of US economic data supported expectations that the Federal Reserve should continue raising interest rates for a longer period. Data on Friday showed a sharp rise in US consumer spending in January as inflation accelerated. …