Market Update

The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumped by 10.7% in October vs. September’s 9.9%, the latest data published by Eurostat showed on Monday. The market forecast was for a 9.8% print. The core figures climbed to 5.0% YoY in October when compared to 4.9% expectations and 4.8% …

Russia’s Ministry of Defense on Saturday made an explicit accusation against British naval personnel over their involvement in last month’s Nord Stream 1 gas pipeline bombings. Russia has not provided any evidence for its claim that a prominent member of NATO – such as Britain – has contributed to sabotaging …

European shares fell on Monday, led by lower energy and mining shares, while investors awaited the key inflation reading in the eurozone, which is likely to show prices rose to new record levels in October. The pan-European Stoxx 600 index fell 0.1 percent after closing higher on Friday, while the …

Eurostat will release Harmonised Index of Consumer Prices (HICP) data for October on Monday, October 31 at 10:00 GMT. As we get closer to the release time, here are the expectations forecast by the economists and researchers of three major banks regarding the upcoming EU inflation print. TDS “We look …

Japan’s Nikkei index closed at a six-week high on Monday, October 31, tracking Wall Street’s strong close in the previous session, with technology stocks topping the list. The Nikkei rose 1.78% to 27,587.46 points, its highest level since Sept. 20, and its biggest one-day gain since Oct. 14. The broader …

Gold prices headed for a 7th consecutive monthly loss Monday, October 31st due to pressure from inflated US interest rates as cautious investors focus on the US Federal Reserve meeting for clues on its future position. The price of gold settled in spot transactions at $ 1642.55 an ounce at …

Oil prices fell on Monday after weaker-than-expected factory activity data from China and on concerns that the expansion of COVID-19 restrictions could curb demand. Brent crude futures fell 63 cents, or 0.7 percent, to $95.14 a barrel by 0420 GMT, after falling 1.2 percent on Friday. US West Texas Intermediate …

The yen fell on Friday as the Bank of Japan stuck to its accommodative policy. At the same time, the dollar attempted to recover from losses at the weekend on expectations that the Federal Reserve would signal a slowdown in interest rate hikes. The dollar was last up 0.8 percent …

The US Dollar Index, a gauge of the buck’s value vs. a basket of its rivals, advances 0.30% at 110.895. Market participants turn to the next week’s Open Market Committee (FOMC), in which most analysts expect the Fed to hike rates by 75 bps. However, December’s meeting is split between …

The GBP/JPY registered strong gains during the week of 2.72%. The Bank of Japan intervention gave GBP/JPY buyers a better entry price around the weekly lows of 165.43.The GBP/JPY pair is still upward biased, about to test the February 2016 high at 175.01. The pair also rallies to fresh six-year …