Market Update

The Japanese government said it has appointed academic Kazuo Ueda as the next central bank governor, in a surprise choice that could boost chances of ending its unpopular yield control policy. Ueda, 71, a former board member of the Bank of Japan, will succeed Haruhiko Kuroda, whose second five-year term …

The dollar fell on Tuesday ahead of the release of highly anticipated US inflation data, while the yen rose on the surprise selection of the new governor of the Bank of Japan, Kazuo Ueda. The British Pound rose after UK jobs data showed basic wage growth accelerating, but the labor …

The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) figures for January on Tuesday, February 14 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation …

European stocks opened higher on Tuesday, supported by gains in the travel sector, after TUI Tourism Group expected a recovery in the travel sector for the next summer season. The pan-European Stoxx 600 index was up 0.3 percent by 0812 GMT. European travel and leisure stocks rose 0.6 percent. Germany-listed …

According to the latest data released by the Office for National Statistics (ONS) on Tuesday, the UK’s ILO Unemployment Rate remained unchanged at 3.7% in December vs. the 3.7% expected while the claimant count change showed a decline in the reported month. The number of people claiming jobless benefits fell …

Gold prices rose on Tuesday as the dollar weakened as investors awaited US inflation data that could determine the next steps for the Federal Reserve’s monetary policy. Spot gold rose 0.5 percent to $1,861.93 an ounce by 0645 GMT, after falling to its lowest since early January in the previous …

SolarEdge Technologies Inc reported fourth quarter EPS of $2.86, $1.32 better than the analyst estimate of $1.54. Revenue for the quarter came in at $890.7M versus the consensus estimate of $878.94M. Fourth Quarter 2022 Highlights Record revenues of $890.7 millionRecord revenues from solar segment of $837.0 millionGAAP gross margin of …

Gold prices fell on Monday as investors prepared for January consumer price index data in the United States that could move the Federal Reserve’s interest rate strategy. Spot gold fell 0.5 percent to $1,854.79 an ounce by 1842 GMT, while US gold futures fell 0.6 percent, to settle at $1,863.50. …

Japan’s Nikkei rose on Tuesday after Wall Street’s rally overnight, as investors take positions ahead of key US inflation data later in the day that could determine the direction of the Federal Reserve’s monetary policy. The Japanese government nominated Kazuo Ueda for the post of Governor of the Bank of …

US-Sino tensions appear to relatively weigh on the market sentiment with the beginning of the trading week. The US dollar is making the most out of it. However, a better market sentiment during European trading hours pushed the dollar into the red territory.Economic DataThe absence of economic data, on Monday, …