Market Update

Inflation in China rose in July to a two-year high, although weak consumer demand kept overall price pressures in check. The data of the National Bureau of Statistics released today, Wednesday, showed that the consumer price index rose by 2.7% on an annual basis during July, while it was expected …

Japan’s Nikkei fell on Wednesday, dragged down by chip-related shares after technology company Micron led the decline in US technology shares Tuesday night, while investors awaited data that could influence the Federal Reserve’s tightening path. The Nikkei closed down by 0.65 percent at 27,819.33 points, and the broader Topix index …

All market players are standing on their toes to find clues and directions from the most awaited US inflation data to be released on Wednesday. The US dollar extended its weekly decline throughout the first hours of the trading session, but later the dollar managed to recover some ground during …

It was a challenging quarter for Coinbase from an operational perspective. The company said it had 9 million monthly transacting users during the second quarter, down from 9.2 million in the first quarter but more than the estimated 8.7 million. Macroeconomic and cryptocurrency credit resulted in lower trading volume during …

Roblox reported its Q2 results on Tuesday. Earnings missed estimates on the top and bottom lines. Loss per share is 30 cents versus 21 cents expected. The company’s revenue is $639.9 million versus $644.4 million expected, and shares fell more than 12% in after-hours trading.The revenue figure is what Roblox …

The Federal Reserve will get prepared to hold interest rates “higher for longer” in case inflation continue to surprise to the upside, and market pricing will need to adjust accordingly, Fed’s St. Louis president James Bullard said on Tuesday who wants rates at 4% by the end of the year. …

Oil futures ended session lower on Tuesday after attempts to make gains due to the energy related row between Moscow and Brussels. The row referred to above was to give a push to oil, but US futures settled down at the end of today’s session because of inflation fears a …

Gold futures ended session higher on Tuesday buoyed by dollar weakness ahead of US inflation readings due to be released next Wednesday amid forcastes inclined to lower inflation in July. Gold settled at 1793 USD per ounce versus last Monday close at 1788 USD per ounce.  The low of the …

Oil edged up on Tuesday, reversing an early decline as worries about tightening supply were revived after Russia said oil exports to Europe on the southern leg of the Druzhba pipeline had been suspended since early August.Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg …

The global oil demand is expected to rise by 2.08 million barrels per day (bpd), down from 2.23 million in the previous forecast, to 99.43 million bpd in 2022, the US Energy Information Administration said in its latest monthly report, as reported by Reuters.Crude oil prices continue to push lower …