The German Factory Orders rebounded less than expected in September, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse seems to be losing momentum. Contracts for goods ‘Made in Germany’ jumped 1.3% on the month vs. 2.0% expected and -7.7% last, the latest data published by the …
Read More »Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal b…
EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Market Analysis
November, 2021
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4 November 2021 2:28 pm
Oil Falls to Its Lowest Level in 4 Weeks
Oil prices fell to their lowest level in nearly four weeks on Wednesday after a larger-than-expected increase in US crude stocks, although gasoline stocks in the world’s largest consumer, the United States, sank to a four-year low. The global benchmark Brent crude contracts fell $2.73, or 3.2 percent, to settle …
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4 November 2021 1:51 pm
European Stocks Rise to Record Levels
European indices hit new record highs Thursday, November 4th for the fourth consecutive session after the US Federal Reserve indicated that it would be patient with interest rate hikes, thus diverting investors’ attention to the Bank of England’s interest rate decision. After the European Central announced that it was in …
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4 November 2021 1:14 pm
Why could BoE consider an interest rate hike?
Inflation in the U. K. could become out of control, pushing workers to demand higher wages to protect their living standards. Any spiral of higher wages could, in turn, lead to higher inflation, which ignites concerns of all central banks.There exists also a growing sense among some policymakers that the …
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4 November 2021 1:08 pm
Market Drivers – Asian Session 04-11-2021
The Asian session was relatively quiet. The Nikkei index rose 0.93% to close at 2,9794.37 points, while the broader Topix index jumped 1.18% to 2055.56 points. Heavy losses led the shipping sector to fall 6.25%, becoming the worst-performing among the Tokyo Stock Exchange’s 33 sub-sectors. Brent crude contracts, the international …
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4 November 2021 12:39 pm
Japanese Stocks Rise Following U.S. Stocks
Japanese stocks ended trading higher Thursday, November 4, tracking the impact of a rally in Wall Street after the US Federal Reserve revealed plans to taper, but the decline in shares of the Kawasaki Kisen shipping company, despite recording a record quarterly profit, limited the gains. The Nikkei index rose …
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4 November 2021 5:53 am
Can Biden Bend OPEC Meeting to Washington’s Will?
While U. S. President Joe Biden and other world leaders in Glasgow continue efforts to fight climate change, OPEC ministers meet today under mounting pressure from Washington, New Delhi and Beijing to pump more crude oil, and here lies a significant paradox.OPEC meeting, Thursday, is poised to defy the U. …
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4 November 2021 2:18 am
Market Drivers – U. S. Session – 03-11-2021
The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement.Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later this …
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4 November 2021 2:06 am
USD and Gold Impacted by Taper Decision, Shares Only Gainers
The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement. Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later …
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4 November 2021 1:51 am
Gold in negative territory after FOMC’s decision
Gold prices are holding steady but remain in negative territory as the Federal Reserve said it will taper monthly bond purchases.FOMC decided to begin tapering by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.Along with the tapering announcement, the Federal Reserve also kept interest rates unchanged …
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4 November 2021 1:00 am
Tarantino jumps into crypto market with auction
Director Quentin Tarantino will put on auction 7 scenes that have never been seen as crypto assets; known as Non-fungible tokens.NFTs are the latest cryptocurrency to go mainstream after Christie’s auction house sold the first NFT artwork which was a collage of images by digital artist Beeple for a huge …
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4 November 2021 12:25 am
S&P 500 turns slightly higher after Fed statement
U. S. stocks were buoyed modestly after the Federal Reserve announced, as expected, it would begin tapering its monthly bond purchases, while sticking to its description of inflationary pressures as transitory. Stocks were mostly a shade lower ahead of the Fed announcement, with the S&P 500 SPX, 0.56% now up …
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3 November 2021 11:05 pm
Powell’s Key Comments on Inflation, Employment Figures
Following the Federal Open Market Committee’s (FOMC) decision to keep the policy rate unchanged and to taper the asset purchases program by $15 billion per month, FOMC Chairman Jerome Powell is delivering his comments on the policy outlook, and notably inflation and employment: Following is a compilation of Jerome Powell’s …
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