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Market Analysis

April, 2021

  • 9 April 2021 9:00 pm

    U.S. Oil Rigs Unchanged for the Week: Baker Hughes

    The number of active rigs drilling for crude oil and natural gas in the United States increased by two this week, raising the total rig count to 432, according to data by Baker Hughes on Friday. The weekly report showed that the number of oil rigs remained unchanged at 337, …

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  • 9 April 2021 7:49 pm

    U.S. Wholesale Inventories Rise in February

    Wholesale inventories in the United States increased during February, according to data by the U.S. Department of Commerce on Friday. The initial estimate of the growth in wholesale inventories was revised upwards to 0.6%, from 0.5% estimated last month, following a 1.4% surge in January. Meanwhile, the component of wholesale …

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  • 9 April 2021 6:08 pm

    US: Annual Core PPI Rises to 3.1% in March

    The Producer Price Index (PPI) in the US for final demand rose to 1% in March from 0.5% in January, the monthly report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the PPI jumped to 4.2% from 2.8%. Further details of the publication …

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  • 9 April 2021 5:32 pm

    Canada: Unemployment Rate Drops to 7.5% in March

    The Unemployment Rate in Canada declined to 7.5% in March from 8.2% in February as the Net Change in Employment rose by 303,000, the data published by Statistics Canada revealed on Friday. Both of these readings came in stronger than analysts’ estimates.

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  • 9 April 2021 5:01 pm

    Currencies Overview: Dollar Rebound Losing Momentum, Concerns about AstraZeneca Weighing on The Pound

    The dollar advanced slightly on Friday, April 9th, but it is heading towards recording its weakest weekly performance in the year as strong data in Europe stimulated, sudden weakness in US job numbers and the Reserve Board’s insistence on following an accommodative policy for investors to reduce their bets on …

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  • 9 April 2021 4:12 pm

    Canadian Employment Preview: Forecast From 4 Major Banks

    Here you can find the forecasts of economists and researchers of 4 major banks regarding the upcoming employment data. CIBC “There was likely an echo in March from February’s boom in hiring. As restrictions were further relaxed, employment likely recovered more ground, particularly in the hardest-hit sectors of the economy. …

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  • 9 April 2021 3:30 pm

    Prince Philip, The Duke of Edinburgh, Has Died

    uk

    Buckingham Palace: The death of Prince Philip, Queen Elizabeth’s husband, this morning to be updated…

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  • 9 April 2021 2:49 pm

    BofA: Investors Are Pouring More Money Into Stocks

    Investors have poured more money into stocks over the past five months than the market has received in the past twelve years, bank of America’s weekly flow data revealed on Friday (April 9th), as ultra-easy monetary policies and unprecedented stimulus sparked a massive shift toward equities. Bank of America said …

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  • 9 April 2021 1:58 pm

    German Exports Increase Thanks to China, But With Negative Impact of Brexit

    German exports rose in February, as they received support from increased trade with China in a new indication that factories in Europe’s largest economy are buoyant despite a sharp drop in trade with the United Kingdom after its exit from the European Union. On Friday, April 9, the Federal Statistics …

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  • 9 April 2021 1:17 pm

    Auto Sales in China Rose 75% in March

    China

    Car sales in China rose in March, posting gains for the twelfth month in a row, as the world’s largest auto market leads the sector’s recovery from the Corona pandemic. Data from the China Automobile Manufacturers Association revealed that sales reached 2.53 million cars in March, up 74.9% year-on-year. Sales …

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  • 9 April 2021 12:59 pm

    Gold Falling After Promising Data From China, But it is on The Way to Achieve a Weekly Rise

    Gold prices fell on Friday, April 9th, as strong economic data from China boosted hopes for a quick recovery, but the yellow metal is on track to rise by more than 1% per week with the dollar and US Treasury yields falling from their recent high levels. China’s factory-gate prices …

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  • 9 April 2021 12:32 pm

    German Industrial Production Rises by 3.6% in February

    Industrial Production in Germany showed a sharp increase in February, suggesting that the recovery in the manufacturing sector may have regained momentum. The industrial output arrived at 3.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 2.4% rise expected and -3.5% …

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  • 9 April 2021 12:16 pm

    Japan shares Closing Higher on Hopes For a Strong Corporate Earnings Season

    Japan

    Japanese shares closed higher on Friday (April 9th), as they received support from growing expectations that companies will post strong earnings and issue optimistic expectations as the earnings reporting season begins. The Nikkei index rose 0.2% to 29,768.06 points, while the broader TOPIX index gained 0.39% to 1,959.47 points. Stocks …

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