The Chicago Business Barometer Index surged in May to reach a reading of 75.2 from a level of 72.1 in April, data showed on Friday. The Purchasing Manager Index (PMI) reached its highest level since 1973, according to ISM-Chicago. Robust demand helped boost the business activity, with the new orders …
Read More »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 …
Bitcoin Drops as Traders Await Federal Reserve Decision
Bitcoin fell on Tuesday, extending its cautious performance from the previous session, as investors …
Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Market Analysis
May, 2021
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28 May 2021 5:41 pm
US: Personal Income Declines by 13.1% in April
The US Bureau of Economic Analysis (BEA) reported on Friday that Personal Income contracted by 13.1% in April. This reading came in slightly better than the market expectation for a decline of 14.1%.
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28 May 2021 4:36 pm
US Annual Core PCE Inflation Jumps to 3.1% in April
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.6% on a monthly basis in April. This reading came in higher than the market forecast of 0.2%. On a yearly basis, the PCE Price Index rose to 3.6% from 2.4%, compared to …
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28 May 2021 4:18 pm
Oil Rises to Support Positive Demand Outlook Facing Supply Concerns
Oil prices rose on Friday, May 28, and Brent crude remained intact near the level of $ 70 a barrel, as positive US economic data and expectations of a recovery in global demand overshadowed concerns about an increase in supplies from Iran when sanctions are lifted. Brent rose 24 cents, …
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28 May 2021 3:11 pm
Bitcoin is Down 8%, as it Heads Towards Its Biggest Monthly Loss Since September 2011
Bitcoin fell on Friday May 28 to its lowest level this week, pushing losses from a growing campaign against it in China and environmental concerns to nearly 40% since the start of the month. The largest cryptocurrency added to its previous losses, dropping 8.2% to $ 35,339, as it remained …
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28 May 2021 2:45 pm
Eurozone Sentiment is at a 3-Year High
Data on Friday, May 28, showed economic sentiment in the eurozone improved more than expected, hitting a three-year high in May, with the biggest increases in the services, retail, and consumer sectors as governments eased pandemic-related restrictions. The European Commission’s index of economic sentiment rose to 114.5 in May from …
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28 May 2021 1:42 pm
European Stoxx600 Index Rises 0.4% to a New Record High
European markets rose to record levels as global stocks were affected by strong economic data out of the US this week. The pan-European Stoxx600 index rose 0.4% in early trading, surpassing its record high on Thursday, and insurance stocks rose 1.2% to lead the gains as all sectors except the …
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28 May 2021 1:41 pm
The Turkish Lira Rises by More Than 1% And Compensates For Some of Its Losses
The Turkish lira rose more than 1% on Wednesday, March 24, to offset some of the losses it incurred after President Recep Tayyip Erdogan’s surprise decision at the weekend to change the central bank governor to the last opponent of tightening fiscal policy. The lira reached 7.8650 dollars against the …
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28 May 2021 12:40 pm
Gold Falls on The Rise of The Dollar And Bond Yields Ahead of The release of US Inflation Data
Gold prices fell on Friday, May 28th, as the dollar and US Treasury yields rose, while investors awaited the release of personal consumption data in the United States later in the day for indications of inflationary pressures. Gold fell in spot transactions 0.2% to $ 1891.45 an ounce. The metal …
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28 May 2021 12:20 pm
Japan Shares Close Higher With Growing bets on Recovery on Vaccine
Japanese stocks closed higher on Friday, May 28, as investors flocked to stocks linked to the wave of selling launched in the previous session by an adjustment by MSCI, while progress in the launch of vaccines raised risk appetite in hopes of a rapid economic recovery. The Nikkei index rose …
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28 May 2021 5:50 am
Fed’s Reverse Repurchase Facility Surges to New All-Time High
Cash flows into the New York Federal Reserve’s reverse repurchase (RRP) facility hit a new record high at $485 billion on Thursday, according to recent reports. The development is increasing the pressure on key interest rates that could decline into the negative territory below zero. The previous all-time high was …
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28 May 2021 2:09 am
EIA Expects Higher Demand and Fuel Price Hike
The United States Energy Information Administration (EIA) has projected that energy prices will continue to rise on increased demand, according to its latest outlook report. The EIA now expects the global demand for fuel will reach 97.7 million barrels per day, rising by 5.4 million barrels per day compared to …
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28 May 2021 12:03 am
Oil Maintains Gains for Fifth Session to Reach Highest Level Since 2018
Oil prices rose on Thursday for the fifth consecutive session, with economic data boosting hopes for recovery. Specifically, the U.S. GDP data, which showed a growth rate of 6.4%, provided support to crude oil prices, as well as the drop in jobless claims. Brent crude futures for July delivery rose …
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