Market Update

Japan’s Nikkei index ended a four-session rally on Wednesday, dragged down by major technology stocks, after Wall Street fell sharply overnight on fears of an economic slowdown. The Nikkei index closed down 0.91 percent at 2,6804.60 points. The broader Topix index fell 0.72 percent to 1,893.57 points. Wall Street’s main …

Oil prices fell on Wednesday after rising for three consecutive sessions, affected by concerns about the global economy, while restrictions on supply eased. Brent crude futures fell $0.98, or 0.8 percent, to $117 a barrel. US West Texas Intermediate crude futures fell $0.62, or 0.6 percent, to $111.14 a barrel. …

Sources told Reuters, citing figures from the American Petroleum Institute, that oil stocks in the United States fell last week, while fuel stocks rose. According to the sources, data from the Petroleum Institute showed that crude stocks fell by 3.8 million barrels during the week ending June 24, while gasoline …

Kommersant newspaper reported on Wednesday, citing informed sources, that Russia’s oil production rose by about five percent in June to 1.46 million tons per day, or 10.7 million barrels per day.

Gold lost some ground and settled around $1,820 per ounce, but crude oil prices kept rising amid supply concerns. G7 leaders discussed an agreement to impose a price cap on Russian oil, as sanctions on the crypto sent crude prices skyrocketing. WTI is now at around $111.60 a barrel.The US …

Bitcoin has surged 5% and topped nearly $22,000 over the weekend, in what can be seen as a big jump from early June’s $17,500 low. Ethereum saw a big jump as well, rising to above $1,200. For investors. The big question in the crypto asset market now is whether the …

The British pound extends its losses to two successive days, trading below the 1.2200 mark, after touching a daily 1.2300 high mark and even retreating towards the 1.2190s area in the US trading session. The GBP/USD pair is trading at 1.2189.Market sentiment shifted sour after the disappointing US Consumer Confidence …

The yield on the benchmark 10-year Treasury note was little changed at 3.2%. Meanwhile, the yield on the 30-year Treasury bond gained just over 1 basis point to trade at 3.313%. Yields move inversely to prices.Traders and investors have become increasingly concerned about the anticipated recession in recent weeks as …

On Tuesday, San Francisco Federal Reserve Bank President Mary Daly said she believes the US economy will slow to below 2% annual growth as the central bank hikes interest rates, but there will be enough momentum that it will not stop growing.“I do expect the unemployment rate to rise slightly, …

The Canadian dollar strengthens 0.3% against its American counterpart on Tuesday. The CAD has touched its strongest level since June 13 at 1.2820.Easing COVID-linked restrictions in China boosted the investors’ sentiment. Global shares were higher and the price of oil, one of Canada’s major exports, rose following China’s decision to …