The German ZEW headline numbers for August showed that the Economic Sentiment Index dropped more than expected to 40.4 from 63.3 previous while missing estimates of 56.7. Meanwhile, the Current Conditions sub-index slipped to 29.3. in August as against 21.9 recorded in the previous month and 30.0 expectations.
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Can US Stocks Sustain Their Winning Streak Amid Mixed Economic Signals?
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Could Eurozone’s Economic Slowdown Drag the Euro Down Against a Resurgent Yen and USD?
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Can Gold Hold Above $3,200 as Weak PPI Data Fuels Rate Cut Hopes?
Gold prices rebounded above the $3,200 mark on Thursday, gaining 1.22% to trade at $3,217 during the…
Is the Eurozone’s Growth Stumbling Amid Trade Tensions and Global Slowdowns?
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Wall Street Futures Slip as Focus Shifts to Economic Data and Walmart Earnings
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Bitcoin Holds Near Highs Amid Fed Uncertainty, eToro’s Nasdaq Debut Sparks Industry Optimism
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Oil Prices Plunge as Prospects of U.S.-Iran Nuclear Deal Rattle Supply Outlook
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Gold Hits One-Month Low as U.S.-China Trade Truce Undermines Haven Demand
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Market Drivers – US Session: Can the Dollar Hold Its Ground as Markets Await Key Data, Fed Signals?
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Market Analysis
August, 2021
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10 August 2021 1:17 pm
Travel And Tourism Sectors Push European Shares to a Record Peak
European shares hit a record high Tuesday, August 10, extending gains for the seventh consecutive session, boosted by travel and leisure companies as investors welcomed reports of strong results. The STOXX 600 index of European shares rose 0.2%, hitting an all-time high of 471.67 points. The travel and entertainment sector …
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10 August 2021 12:31 pm
Japanese Stocks Close Higher Thanks to Corporate Results And Persistent Delta Concerns
Japanese stocks closed higher as corporate results continued to have a positive effect, but gains were limited by fears of a fast-spreading delta strain. The Nikkei index closed up 0.24% at 27,888.15 points, after hitting a mid-July peak of 28,128.61 points earlier. The broader Topix index rose 0.36% to 1936.28 …
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10 August 2021 6:57 am
Eyes on U.S. Inflation Reading Despite Focus on Jobs Numbers
The July reading of the U.S. Consumer Price Index (CPI) is set to be released on Wednesday, with expectations for another surge in the inflation rate. A recent survey by the Wall Street Journal expects that the reading of the CPI will register a monthly increase of 0.5% with core …
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10 August 2021 6:40 am
NYSE Retreats from Record Highs to Close Mostly Lower
The main indices of the New York Stock Exchange (NYSE) finished mostly lower on Monday, amid concerns about the spread of the coronavirus Delta variant, with some countries returning to lockdown and preventive measures, casting shadows on the prospects for a strong global economic rebound. The Dow Jones Industrial Average …
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10 August 2021 4:26 am
Oil Finishes at Three-Week Low on Pandemic Fears
Oil prices declined on Monday for the second consecutive session to reach their lowest level in about three weeks. The decline comes amid a rise by the U.S. Dollar (USD) and concerns over the spread of the Delta variant of the Coronavirus, with some Asian countries restoring lockdowns and other …
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10 August 2021 2:12 am
Gold Pushes Lower for Third Straight Session
Gains by the U.S. Dollar (USD) pushed gold prices into a third consecutive decline on Monday, with the yellow metal opening the week on a lower note, amid a weakened demand for safe-haven assets and an improvement in investors’ sentiment. Gold front-month futures declined by $36.60, or 2.08%, and finished …
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10 August 2021 2:07 am
European Stocks Open Week at Another Record High
European stocks finished Monday at another record-high closing level with investors closely monitoring economic indicators and earnings reports. The STOXX Europe 600 index gained 0.71 points, or 0.15%, to close at an all-time high of 470.68 points. The pan-European index has maintained an upwards trend for six consecutive trading sessions, …
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10 August 2021 12:30 am
Fed’s Bostic Thinks Tapering Could Begin After Another Strong Jobs Report
The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that the Fed should begin tapering the massive asset purchases following two consecutive months of strong job creation. He believes moving from the current accommodative stance to a more normal policy should be faster than previously …
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9 August 2021 9:24 pm
Dollar Turns Positive Following JOLTS New Record Level
The U.S. Dollar (USD) extended gains on Monday, after data showed another surge in job openings in the United States, giving more positive signs of a recovery in the labor market. Data by the U.S. Department of Labor showed that the number of available jobs increased to 10.1 million in …
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9 August 2021 8:28 pm
Bitcoin at Highest in Nearly Three Months
Bitcoin continued its rally on Monday, surging to its highest level in about three months. Recent news has reassured investors in crypto-assets and improved their appetite for digital currencies, allowing Bitcoin to recover some of its recent losses. The world’s largest cryptocurrency in terms of market capitalization is up for …
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9 August 2021 5:52 pm
The US Dollar Reaches Its Highest Level in Two Weeks
The US dollar index managed to maintain the rising pace that it started at the end of the last week’s trading following the release of US labor market data during the month of July, which came in a very strong way better than the market expectations and pushed the US …
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9 August 2021 5:06 pm
Yellen Urges Congress to Raise US Debt Ceiling
US Treasury Secretary Janet Yellen stressed her call for Congress to raise the US debt ceiling through a bipartisan move in Congress, with the federal government’s ability to borrow imminently running out. Such a move would not raise government spending or pave the way for future spending, she said in …
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