Market Update

Fed’s policymakers began to reflect on the unexpectedly robust jobs report for January, a few hours before Chair Jerome Powell faces questions later on Tuesday on whether the NFP data has shaken his confidence that high inflation will come down without hawkish moves by the central bank to slow the …

The US trade deficit deepened to a record in 2022 on surging imports as most US companies jostled and rushed so early to avoid having insufficient goods, and instead, hurried their imports beforehand in order to meet demand.The value of imports last year climbed 16.3% from 2021 to nearly $4 …

The United States international trade deficit in goods and services rose by $6.4 billion to $67.4 billion in December, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis revealed on Tuesday. This reading came in better than the market expectation for a deficit …

Public transport, schools and oil refineries were disrupted in France on Tuesday as trade unions led a third wave of a nationwide strike against President Emmanuel Macron’s plans to extend the working years for French people before retiring. Strike movements in many sectors and street protests on Tuesday come hours …

Halifax reports that after falling for the previous four months, UK home prices were roughly level in January. According to the lender, after significant drops of 1.3% in December and 2.4% in November, average prices were unchanged at £281,684 last month. The rate of annual growth in home prices, however, …

Gold prices rose on Tuesday as the dollar weakened, as traders await Federal Reserve Chairman Jerome Powell’s speech due later on Tuesday for hints about future interest rate hikes after strong economic data last week. And by 0730 GMT, spot gold rose 0.4 percent to $ 1874.34 an ounce, after …

European stocks witnessed stability during trading on Tuesday, at a time when the prospects for the continuation of the cycle of raising interest rates around the world continue to undermine sentiment, while the oil giant BP led the energy sector to rise. The Stoxx 600 index of European stocks settled …

The Reserve Bank of Australia (RBA) board members decided to raise its official cash rate (OCR) by another 25 basis points (bps) from 3.10% to 3.35%, as widely expected, when they met at their February 7 monetary policy meeting, the first of this year. According to the latest Reuters poll, …

Investors and traders will be all ears as Fed Chair Jerome Powell delivers his speech on Tuesday. Bond yields continued to surge on Monday as traders assess the possibility that the Fed will postpone any talk about rate cuts until later in the year after Friday’s very strong jobs report.Markets …

Japan’s Nikkei trimmed its gains to close lower on Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s speech, but a slew of corporate earnings left the market directionless. The Nikkei index fell 0.03 percent to close at 27,685.47 points, and cut the fourth consecutive winning session, after trading remained …