Market Update

European stocks fell on Tuesday, dragged down by healthcare stocks, as investors refrained from aggressive bets and expected another round of interest rate hikes by major central banks this week. The pan-European Stoxx 600 index fell 0.2% by 0816 GMT, but was on track to end January on a positive …

Gold prices fell on Tuesday, but are on track for a third consecutive month of gains, as traders await the Federal Reserve’s interest rate decision this week. Spot gold fell 0.3 percent to $1,917.56 an ounce by 0547 GMT, but it is on track for a monthly gain of more …

The Japanese Nikkei index closed lower on Tuesday, as investors awaited the results of the Federal Reserve’s monetary policy meeting, and in light of corporate business results that showed mixed trends. The Nikkei fell 0.39 percent, ending trading at 27,327.11 points, after starting the session on a high. The index …

Bitcoin received a breakout and rejection against $23,878.62 and later, retreated on Monday as the rally came under pressure by profit-taking. The most famous cryptocurrency is trading at $ 22747.00 at the time of writing. Some analysts do expect bitcoin to drop near $21,969 by the end of this week …

Bitcoin price lost over 2% during Monday’s European trading on the back of stronger Spanish inflation amid a seemingly volatile week that kicks off with surprise Spanish inflation data. Markets predicted a drop from 5.7% to 4.97%. Instead, inflation jumped to 5.8%. The said reading confirms what central bankers have …

The AUD/USD pair has encountered intermediate support around 0.7050, however, more downside seems potential as well amid ongoing risk aversion on the eve of the first day of the Fed’s first policy meeting in 2023. Investors have turned risk-averse ahead of the release of the interest rate policy by the …

Amazon announced on Monday plans to shut down a center complex in Shakopee and lay off 680 employees at the facility which is a rented space and the lease is expiring. The decision will be effective as of March 31. Closure will be permanent at the end of May this …

Amid widespread risk aversion, Dow Jones futures fell on Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a pullback following big gains in the latest trading sessions. The stock market rally cleared some major resistance last week. The major indexes had solid gains, responding bullishly to uneven …

On Monday’s talks over the phone, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation with particular focus on the necessity to maintain the stability of crude oil prices ahead of a virtual OPEC+ meeting scheduled for Wednesday.Wednesday meeting, which will take place at 1100 …

WTI crud has dropped by over 1% on the day and is trading around $78.40 at the time of writing after falling from a high of $80.44 and reaching a low of $77.91 so far on the day, ending a bullish start to the year towards month-end and following its …