Market Update

Bitcoins enjoys a splendid break from the frightening price action this week, the world’s most famous cryptocurrency gained around $1,600, nearly 10%, following the sizable slowdown in US inflation. On Thursday, the Consumer Price Index for October rose 0.4%, far slower than expectations for 0.6%, the Labour Department reported on …

The AUD/USD pair has jumped following the key inflation data in the United States. The CPI figures came below expectations. Speculation above smaller rate hikes from the Fed impacted the US dollar, so, the pair hit at 0.6564, the highest level since late September.Pre-CPI Versus Post-CPIThe US Consumer Price Index …

Wall Street’s major indices opened sharply higher on Thursday. At the same time, data showed consumer prices rose less than expected in October, raising hopes that the US Federal Reserve may ease the pace of future interest rate hikes. The Dow Jones Industrial Average rose 749.97 points, or 2.31 percent, …

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 7.7% on a yearly basis in October from 8% in September. This reading came in below the market forecast of 8%. The Core CPI, which excludes …

The dollar rose ahead of US inflation data later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance withdrew its plans to rescue struggling rival FTX. The dollar is heading towards recording strong gains for the second day in a row, while investors evaluate the results of the …

A combination of high inflation, monetary tightening, and disappointing earnings led to a historic sell-off in Amazon shares since early 2022, which saw it lose nearly $1 trillion. Amazon shares fell; The e-commerce giant increased 4.3% on Wednesday, pushing its market value to about $879 billion from a record close …

We’re seeing some risk aversion in financial markets on Thursday as we await inflation data from the US later in the week. Considering how well they’ve performed in recent days and weeks, it probably won’t come as a surprise to many that we’re seeing stock markets in the red. It …

The British government said it has frozen £18 billion of assets belonging to the Russian oligarchs and individuals and entities sanctioned against Moscow over the war in Ukraine. The frozen Russian assets were 6 billion more than the value declared by all other British sanctions regimes. “We have imposed the …

European shares opened trading Thursday, November 10, with declines, led by the real estate sector, amid anticipation of inflation data in the United States to determine whether the US Federal Reserve will ease the monetary tightening policy. The Stoxx 600 index was down 0.3% by 08:14 GMT, ending three days …

Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world’s largest importer of crude. China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. …