Market Update

European stock markets rose on Monday, boosted by oil and gas stocks, while investors awaited the release of inflation data in the eurozone, after a report on consumer prices published last week boosted expectations that the European Central Bank will raise interest rates. The pan-European STOXX 600 index rose 0.8 …

Turkey’s annual inflation rate jumped to a 24-year high of 78.62 percent in June, slightly above expectations, data showed on Monday, driven by the impact of the Ukraine war, rising commodity prices and the depreciation of the lira. The Turkish Statistical Institute said consumer prices rose 4.95 percent month-on-month, compared …

Germany’s seasonally adjusted deficit was about 1 billion euros in the previous May, down from the revised figure in April of 3.1 billion euros, according to data released on Monday. Exports in Germany amounted to about 125.8 billion euros, down 0.5% on a monthly basis, but increased by 11.7% compared …

Japanese shares closed higher on Monday, supported by utility companies as the country continues to grapple with an unprecedented heat wave. Overall, investor sentiment remained low on widespread fears of a global economic slowdown, with trading slowing ahead of the US Independence Day holiday on Monday. The Nikkei index rose …

Oil prices fell in early Asian trading on Monday, paring gains from the previous session as fears of a global recession weighed on the market while supply shortages persisted amid lower OPEC production, unrest in Libya and sanctions against Russia. Brent crude futures fell 35 cents, or 0.3 percent, to …

Financial Markets’ Weekly Recap, June 27 – July 1 Last week, financial markets sent several warnings that global economic growth slowdown is looming and recession has become most probable, however there is no general agreement among market participants on ‘when’ entering into recession could take place.  Gold As trading kicks …

Investors and traders do monitor potential headwinds in loan growth and credit quality in the banking sector as JPMorgan Chase & Co. JPM, +1.28% and Morgan Stanley MS, +0.91% are scheduled to report earnings on Thursday, July 14, as the first two of the big-six US banks. US equities finished …

Citigroup Inc. C, +1.91% and Wells Fargo & Co. WFC, +1.91% both report earnings on Friday, July 15, while Bank of America Corp. BAC, +1.38% and Goldman Sachs Group Inc. GS, +0.74% weigh in on July 18. The detachment between healthy business performance and poorly share prices in 2022 seems …

US equities ended a choppy session higher on Friday, as equities steadied after their worst start to the year in decades. The S&P 500 rose by about 1.1% to end at 3,825.33 after fluctuating between gains and losses throughout the session. The Dow Jones Industrial Average added 322 points, or …

The Euro is expected to mark an outside-weekly reversal against the US Dollar with EUR/USD plunging more than 1.3%. The price approaches support into the start of 2022 third quarter with the technical considerations highlighting the threat for further losses in the weeks ahead. In last month’s Euro Weekly Price …