Market Update

China kept its benchmark lending rates unchanged for the sixth consecutive month in February, in line with expectations, as the world’s second-largest economy showed more signs of lasting recovery from the recession caused by the COVID-19 pandemic. A batch of better-than-expected data recently points to a recovery in economic activity …

Oil prices were little changed in early Asian trading on Monday, after falling $2 a barrel at the close on Friday, as rising supplies in the United States and expectations of higher interest rates dampened optimism about a recovery in demand in China. Brent crude fell nine cents, or 0.1 …

The US dollar achieved strong gains in the last trading week, driven by a series of strong US economic data, with the markets increasing expectations that the US Federal Reserve will continue its tightening approach. In terms of weekly trading, the US dollar recorded a strong rise in today’s trading, …

US Treasury bond yields ended Friday’s trading in a bearish direction on weaker risk appetite after rising expectations of raising the federal interest rate based upon the latest US inflation readings. US Treasury bond yields for ten years fell to 3.821%, compared to the previous daily close of 3.862%.Last week’s …

Last week’s inflation data in the United States boosted the US dollar’s recovery as US Treasury bond yields aimed higher. The AUD/USD pair is eyeing the busy economic calendar in Australia and the US next week.The Australian dollar finished the week with negative performance after hitting a daily high of …

GBP/USD under pressure by expected Fed’s aggressivenessThe GBP/USD is attempting to recover after diving to fresh February lows around 1.1914 in the mid-US session, boosted by the weaker US dollar. The pair is trading below the important 200-day Exponential Moving Average (EMA) at 1.2132, keeping the downtrend intact. At the …

This month, Bulgaria will not request a convergence report that would demonstrate its readiness to join the Eurozone. The country’s goal to adopt the euro by January 1, 2024, has also been abandoned, according to Rositsa Velkova, the minister of finance.Despite the fact that it was on the agenda for …

Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labour market.Producer prices accelerated in January by the biggest margin in seven months, according to data …

A top Fed official is downplaying recent signs that the US economy is strengthening, but also noted that he is willing to accept raising interest rates in smaller increments as often as needed to quell inflation Fed’s Thomas Barkin said Friday that recent data showing an unusually robust job gain …

US stocks slipped on Friday as high inflation and a rebound in rates continue to weigh on investor sentiment. The S&P 500 shed 0.92%, and the Nasdaq Composite fell 1.30%. The Dow Jones Industrial Average was down 104 points, or 0.34%, but off lows of the day. Yields on the …