Market Update

Global trade growth is slowing down due to weakening export orders and demand for container shipments and air freight further retreats.The goods barometer calculated by the World Trade Organization sank below its trend levels, in another signal that the global economy is weakening. It has slipped to 96.2, down from …

The Euro rises on Monday on the back of hawkish comments. The EUR/GBP pair currently finds support again at the 0.8570 zone. The EUR/GBP is rising sharply on Monday, boosted by a stronger Euro across the board. The cross peaked at 0.8675, hitting the highest level since Wednesday. It is …

The dollar fell sharply against the Japanese yen on Monday, as investors focused on rare protests in China that pushed the yuan to a two-week low. Protests against anti-COVID restrictions erupted across China and spread to several cities in the wake of a fire that killed 10 people in Urumqi, …

Gold prices fell on Monday after the dollar rose on demand for a safe haven sparked by protests in several Chinese cities over the strict restrictions to combat the Coronavirus. The spot gold price fell 0.4 percent to $1,748.84 an ounce at 0555 GMT. US gold futures fell 0.3 percent …

European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …

Oil futures fell more than $2 a barrel on Monday, with U.S. West Texas Intermediate crude falling to an 11-month low as protests in China, the largest oil importer, over tough COVID-19 restrictions fueled concerns about demand. Brent crude fell $2.16, or 2.6 percent, to trade at $81.47 a barrel …

Japan’s Nikkei fell for the second consecutive session on Monday as protests in China over tough restrictions to combat the coronavirus hurt investor sentiment, while technology stocks fell in line with their Wall Street peers. The Nikkei index ended the day’s trading down by 0.42 percent, at 28,162.83 points. It …

Data on Friday showed that the German economy expanded slightly in the third quarter, more than initially expected, supported by consumer spending. The Federal Statistical Office said Europe’s largest economy grew by 0.4 percent quarterly and 1.3 percent annually, according to seasonally adjusted figures. Analysts polled by Reuters had expected …

The US dollar edges higher within range-bound holiday markets on Friday in an obviously quiet US trading session following the US Thanksgiving holiday. The American currency is near multi-month lows as the prospect of the Fed’s pace of policy tightening keeps impacting the dollar.Today has all the indicators of another …

Investors exhibit more interest in coming back into the S&P 500 and the Dow Jones Industrial Average surged on Friday, achieving gains despite the trading week that is shortened by holidays.The Dow surged 152.97 points, or 0.45% to 34,347.03, marking the third consecutive session with gains. The S&P 500 fell …