Market Update

Japan’s Nikkei ended three straight sessions of losses on Friday, tracking Wall Street’s overnight rally, although gains were limited as investors began selling shares as the index approached the sentimentally significant 27,000 point level. The Nikkei index rose 0.66 percent to close at 2,6781.68 points, and closed up by 0.16 …

European shares rose in early trade on Friday, eyeing gains for the third consecutive session as sentiment rose after expectations that central banks would tighten their policies more than they indicated. The pan-European Stoxx 600 index rose 0.3 percent by 0714 GMT, influenced by a rally on Wall Street in …

Gold prices rose on Friday, with continued dollar weakness, which helped move the yellow metal towards recording its second consecutive weekly rise, as expectations of a stronger monetary policy tightening from the Federal Reserve ebbed. Spot gold rose 0.2 percent to $1,854.05 an ounce by 0325 GMT. US gold futures …

The US dollar attempted to modestly recover early on Thursday but closed the day with losses against most major rivals. Lukewarm US economic data and rallying equities helped particularly safe-haven rival currencies.US Treasury yields slightly changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation …

US Treasury yields slightly changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation concerns that continue to dissipate amid economic data and corporate results that point to slower economic growth.The yields on 10-year Treasury notes surge 0.9 basis points to 2.756% after falling to …

Alibaba stock soars after earnings beat, signs of improving conditions amid another COVID-19 wave. Alibaba Group Holding Ltd.’s U.S.-listed shares climbed 14.8% in Thursday trading to record second best single-day performance after the Chinese giant beat revenue and earnings expectations for the latest quarter.E-commerce giant Alibaba Group Holding reported a …

Gap dramatically slashed its profit outlook for 2022. Gap, on Thursday, slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell around 13% after hours, after closing the day up 4%.Gap swung …

The AUD/USD has remained positive in the week, up by 0.70%. China’s Premier Li Keqiang warned that the economy could not achieve its goals, weighing on the AUD/USD.During the Asian session, China’s Premier Li Keqiang sound the alarm about the slowing economy. He made comments to local officials in an …

WTI crude gained more than 3% on Thursday morning. Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of strict lockdowns.On Thursday, WTI Crude prices were up 3.17% at $113.69 …

The US dollar remained weak on Thursday, but losses are relatively limited. Meanwhile, US equities sharply rise as US T-yields are at fresh 2-day highs. The EUR/USD pair’s short-term outlook is bullish, and faces resistance at 1.0730 and 1.0750.The EUR/USD pair rose further during the American session and printed a …