Market Update

MSCI’s all-country world index, a gauge of stock performance in over 40 countries, fell 1.26% to record a third lower successive day after hitting a three-month high last week.An analysis by MSCI ESG Research noted 32 factors and risks that businesses and investors should consider for 2023 and beyond when …

Mathew McDermott, Goldman Sachs’ head of digital assets, suggested on Tuesday that the bank ponders to invest in, or even buy crypto firms whose prices significantly deteriorated in the wake of the FTX collapse in deals that would cost tens of millions of dollars. Goldman Sachs’s plan comes after the …

US power consumption is expected to hit a new record high this year as a logical result of the expanding economic activity and a particularly hot summer according to estimates by the US Energy Information Administration.On Tuesday, the EIA forecast that 2022 power demand in the United States will touch …

Fresh data has indicated expansion of Canadian economic activity at a faster pace in November and a measure of price pressures cooled according to Ivey Purchasing Managers Index (PMI) data, released on Tuesday.The seasonally adjusted index rose to 51.4 in November from 50.1 in October. The Ivey PMI measures the …

Chinese authorities are considering downgrading Covid-19. This could be a positive for risk appetite on Wednesday in the financial markets that have been impacted on Tuesday by risk aversion.Global stocks had their third straight day of losses on Tuesday as investors felt perplexed on how long the Fed will maintain …

Gold price is recording a minimal advance, even though the US Dollar is surging. The stronger than expected US economic data would keep the Fed under pressure. A break below $1760 will exacerbate a fall to $1725; otherwise, a rally to $1786 is on the cards.Gold price turns positive after …

The widespread US recession-linked woes are playing into financial markets creating a risk-off mood. West Texas Intermediate crude is down over 4% on the day so far, falling back into the bearish trend once again and on the front side of what was momentary a counter-trendline. At the time of …

Switzerland is pondering a ban on using electric vehicles in the country in order to address winter’s energy crisis. The government has passed a proposal to brace itself for an energy crisis this winter. But the country has not really put a ban on EVs as of yet, it has …

Trade Balance data in the United States has indicated shows the deficit widening, a headwind for the US Dollar. Germany’s Factory Orders helped the Euro to hold buoyant amid low expectations, while December’s monetary policy meetings by the Fed and the ECB will help to keep the EUR/USD pair within …

US October Goods and Services Trade Balance edged up to record -$78.2 billion in October. The US dollar Index stays in negative territory at around 105.00.The data jointly published by the US Census Bureau and the US Bureau of Economic Analysis revealed on Tuesday that the US international goods and …