Market Update

The major US Indexes; S&P 500, the Nasdaq 100, and the Dow Jones collapsed as the banking system crisis deepened. The US Producer Price Index cooled, while Retail Sales dropped after an outstanding January report.Investors anticipate that the Federal Reserve will maintain the Federal Funds Rate at its upcoming meeting. …

Reacting to widespread market concerns over banking contagion, the EUR/GBP pair widens its losses. The mood on the market is starting to turn negative. The Euro is specifically penalized by this prior to the European Central Bank’s interest rate decision.As the UK Finance Minister Jeremy Hunt revealed the new budget …

Australia is expected to report its February employment figures on Thursday, and as markets get closer to the release time, forecasts, from economists and researchers at five major banks regarding the upcoming employment data, are worth consideration.Australia is expected to have added 48.5K jobs versus the previous reading -11.5K in …

Oil extended its losses on Wednesday, with Brent crude hitting a three-month low as concerns about Credit Suisse raised concerns in global markets, limiting the positive impact of expectations of a recovery in Chinese oil demand. Indications of a return to calm and stability faded after the National Bank of …

The Turkish Finance Ministry said on Wednesday that the Turkish government’s budget recorded a deficit of 170.56 billion liras ($8.99 billion) in February, showing the impact of the violent earthquakes that hit the southeast of the country last month. The ministry added that the core budget, which does not include …

Policymakers at the European Central Bank are leaning towards a half-point rate rise on Thursday, as the banking sector crisis subsides, the eurozone economy strengthens, and inflation is expected to remain too high for years. When the collapse of Silicon Valley Bank (SVB) in the United States sent vibrations across …

The International Energy Agency said on Wednesday that global oil demand is rising slowly, but is about to receive a significant boost, thanks to the resumption of air traffic and the resumption of economic activities in China after the lifting of restrictions related to Covid-19. “Global oil demand growth started …

The dollar found support in Asian markets on Wednesday, as investors cut their expectations about cutting interest rates in the United States after easing fears of a banking crisis and the release of data showing that inflation remains high. In early trading, the wave of selling the dollar, which lasted …

Japanese banking stocks closed higher on Wednesday, helping the Nikkei index end a three-day losing streak, as markets regained some calm after investor fears of spillovers from the Silicon Valley bank collapse subsided. The Tokyo Stock Exchange’s banking index rose 3.3 percent, led by shares of Suruga and Shimane Banks, …

Gold prices fell on Wednesday as the dollar and US bond yields rose as investors assessed the path of US interest rates after a consumer price report showed that inflation remains high. Gold fell in the spot market 0.1 percent to $ 1901.24 an ounce by 0052 GMT, after falling …