Market Update

Oil prices rose more than 1% on Tuesday, paring losses incurred in the previous session, while the dollar slipped to reduce the impact of sweeping restrictions to combat Covid-19 in China, stoking fears of slowing fuel demand in the second-largest crude consumer in the world. the scientist. Brent crude futures …

The US dollar slipped again on Tuesday from a one-week high against a basket of its major peers, with traders awaiting the message Federal Reserve officials will deliver at Wednesday’s monetary policy meeting. The dollar index, which measures the US currency against six rival currencies, including the euro, the pound …

Japanese stocks closed higher on Tuesday, as investors reacted to expectations of some companies for a strong performance, even as Toyota Motor shares fell after the company reported worse-than-expected earnings. The Nikkei average rose 0.33 percent to 27,678.92 points, while the broader Topix gained 0.47 percent to 1,938.50 points. Toyota …

Gold prices rose on Tuesday as the US dollar and bond yields declined, although investors were cautious as markets awaited policy expectations from the Federal Reserve’s two-day meeting starting later Tuesday. And gold rose in immediate trading 0.5% to $ 1641.43 an ounce by 0548 GMT, after earlier touching its …

US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate, as he struggled to rein in gasoline prices a week before the midterm congressional elections. In remarks at the …

The US dollar surged on Monday with uneven gains against most major rival currencies. The EUR/USD pair lost the 0.9900 threshold and trades near a daily low of 0.9872, while GBP/USD trades around 1.1470. Commodity-linked currencies recovered some ground ahead of the close as Wall Street trimmed most of its …

US Stocks retreated on Monday, but the Dow capped off October 2022 as its month of best performance since 1976 and all the major averages recorded a successive two-month with losses.The Dow Jones Industrial Average fell 128.85 points, or 0.39%, to settle at 32,732.95. The S&P 500 shed 0.75% to …

The dollar gained across the board on Monday, regaining some of its momentum which it lost earlier in October. The American currency has been boosted by bets and expectations of another jumbo rate hike by this week’s Fed monetary policy meeting.The dollar’s gains could be limited if the Fed signals …

US President Biden warned, on Monday, that oil companies would face a “higher tax” on their excess profits if they don’t reinvest in increasing output so as to bring prices at the pump down. “They have a responsibility to act in the interest of their consumers, their community and their …

Rishi Sunak, is preparing to decide broad tax raises as the new British prime minister looks to plug a £50bn hole in public finances.Treasury insiders said, on Monday, that Sunak and his finance minister Jeremy Hunt agreed that while “those with the broadest shoulders should be asked to bear the …