Japanese shares jumped on Wednesday, with the Nikkei index hitting a one-and-a-half month high, as investors bet that a maneuver by Prime Minister Yoshihide Suga could help restore political stability. The Nikkei gained 1.29% to 28,451.02 points, the highest closing level since July 14, after it crossed important resistance levels …
Read More »Trade Fears and Fed Uncertainty Slam US Stocks: Dow Plunges 300 Points
A resurgence of trade war anxieties, coupled with looming Federal Reserve decisions, sent U.S. equit…
Market Drivers – US Session: FOMC, BoJ In Focus
The forex market finds itself amidst a confluence of factors, creating a landscape of heightened unc…
Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
US Bond Yields Decline Amid Trade War Fears Ahead of FOMC Decision
US bond yields fell on Tuesday as investors awaited the Federal Reserve’s decision, the centra…
FOMC Decision Preview: Sailing Amid Uncertain Economic Circumstances
Fed Holds Steady, Eyes Trade Winds The Federal Open Market Committee concluded its two-day meeting a…
Global Oil Prices Lose 1% As Ukraine Developments Offset Middle East Impact
Amid geopolitical tensions and economic shifts, the global oil prices experienced a downturn on Tues…
Tariff Tango Continues: Eurozone Trade Sees Slight Surplus Boost Amidst Uncertainty
The Eurozone’s trade landscape presented a mixed picture in January, with a slight widening of…
Canada’s Inflation Rises to 2.6% in February, Exceeding Expectations
Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing forecasts, as the e…
Oil Prices Climb on Middle East Tensions and China’s Stimulus Plans
Oil prices surged over 1% on Tuesday, reaching their highest levels since early March, as geopolitic…
European Markets Inch Higher Ahead of German Debt Vote and Trump-Putin Talks
European stock markets edged higher on Tuesday as investors focused on a pivotal vote in the German …
Market Analysis
September, 2021
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1 September 2021 12:52 pm
European Shares Start September With Gains
European shares rose on Wednesday as hopes for more stimulus battled fresh signs of weakness in Asian economies, while investors shook off concerns about rising inflation. After seven consecutive months of gains, the pan-European STOXX 600 index started September with a gain of 0.7%, close to its record highs set …
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1 September 2021 4:04 am
Canada’s Economic Drop Could Impact Elections
The Canadian economy’s performance during the second quarter of the year came against most market expectations, showing a contraction amid a drop in home sales and exporting activity. A decline in the number of coronavirus cases and lifting the lockdown and preventive measures was not enough for a strong rebound …
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1 September 2021 3:15 am
Wall Street Marginally Lower but Higher for Month
The main indices of Wall Street closed marginally lower on Tuesday with anticipation for major economic data, but finished higher for the month The Dow Jones Industrial Average lost 39.11 or 0.11% to close August at 35,360.73, higher by 1.2%. The S&P 500 decreased by 6.11, or 0.13%, to end …
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1 September 2021 3:01 am
Oil Sees Worst Losses in 10 Months
Oil prices declined on Tuesday, amid increases selling pressures, to end the month with the worst losses since last October. Brent futures for October delivery finished lower by 42 cents or 0.57% at $72.99 per barrel. For the month, Brent futures lost $3.34 per barrel or 4.38% in its worst …
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1 September 2021 2:31 am
SNB Vice Chair Expects Low Rates Will Continue
The Vice Chairman of the Swiss National Bank (SNB), Fritz Zurbruegg, said on Tuesday that he expects global interest rates will remain low, Reuters reported. “It is to be expected that the global low interest rate environment will remain unchanged for some time to come.” “Such policy continues to be …
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1 September 2021 1:45 am
UN Expects Better Growth in Latin America This Year
The United Nations has revised its expectations for economic growth in Latin America in 2021, according to the latest data by the Economic Commission for Latin America and the Caribbean (ECLAC). The region is now expected to register a growth rate of 5.9%, amid recovery from the Coronavirus crisis, with …
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1 September 2021 1:04 am
Silver Down for Third Month
Silver futures closed nearly unchanged on Tuesday, finishing their third consecutive month in losses and the biggest drop since June. Silver futures lost 6.14% in August, as it closed at $23.960 per ounce. Over the last three months, silver declined by about 14.41%, in the worst losing streak since November …
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1 September 2021 12:26 am
Gold Scores Second Consecutive Monthly Rise
Gold prices rose on Tuesday, maintaining modest monthly gains for the second month in a row. The yellow metal front-month futures added $6, or 0.33%, to close at $1,815 per ounce. Gold futures added about 0.13% for the month, extending their gains over the two months to 2.5%. However, gold …
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August, 2021
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31 August 2021 11:00 pm
European Stocks Rise for Seventh Straight Month
European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI). The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points. For the month, the pan-European index gained 1.98%, in its best monthly performance since May. …
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31 August 2021 10:00 pm
USD Rebounds Despite Drop in Consumer Sentiment
The U.S. Dollar (USD) is rebounding, after spending most of Tuesday in the negative territory, as investors are adjusting their positions, thus easing selling pressures. In addition, Treasury bond yields leveled up, providing support for the greenback. The Dollar Index (DXY) is now marginally higher for the day by 0.03% …
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31 August 2021 5:57 pm
Canada: Real GDP Expands by 0.7% in June
Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.
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31 August 2021 5:06 pm
US: Housing Price Index Rises by 1.6% in June
The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.6% in June following May’s increase of 1.8%. This reading fell short of the market expectation of 2.1%.
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