European stocks finished lower on Tuesday, as markets remain affected by the Archegos Capital Management losses that exceeded $10 billion, according to media reports. Meanwhile, travel and leisure stocks surged by about 3% on optimism about recovery from the pandemic, while basic resources declined by 1.2%. The STOXX Europe 600 …
Read More »Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
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 …
Market Analysis
April, 2021
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27 April 2021 8:16 pm
Richmond Fed Manufacturing Index Steady in April
The Fifth District Survey of Manufacturing Activity’s Composite Index remained unchanged at 17 this month, maintaining its reading from March, according to data by the Federal Reserve Bank of Richmond. The index continued to indicate growth, as all its main components, namely shipments, new orders, and employment, remained positive, signaling …
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27 April 2021 6:28 pm
U.S. Consumer Confidence Improves in April
The United States Consumer Confidence Index surged in April, maintaining a positive trend after a strong rise last month, data by the Conference Board indicated on Tuesday. The Conference Board Consumer Confidence Index rose to 121.7 this month, compared with 109.0 in March. The Present Situation Index increased from 110.1 …
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27 April 2021 5:30 pm
U.S. Housing Price Index Surges 12% in February
The United States index of home prices in 20 major cities rose by 11.9% in February on an annual basis, data by S&P Dow Jones Indices showed on Tuesday. On a monthly basis, the index leveled up by 1.2%, according to the S&P CoreLogic Case-Shiller Index. This marked the largest …
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27 April 2021 3:38 pm
Oil Production in Brazil fell 6% Year-on-Year in The First Quarter
Figures from Brazil’s National Petroleum Agency showed that oil production in the South American country fell by 6% in Q1 of this year Compared to the same period last year, in large part due to a decline in production from the state-owned oil giant Petrobras. According to agency data, seen …
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27 April 2021 2:51 pm
Currencies Overview: Dollar Hovering Above Its Lowest Level in Weeks Before Fed Meeting
The dollar hovered above its lowest level in weeks against other major currencies today, Tuesday, under pressure from weak US Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen was little changed after the Bank of Japan kept interest rates unchanged. The dollar, which is …
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27 April 2021 1:58 pm
Gold Settled as Market Awaits Fed Policy Meeting
Gold prices stabilized today, Tuesday, as dealers in the market looked to the US Federal Reserve meeting to obtain indications about the prospects for monetary policy, while the rise of the dollar pressured the attractiveness of the metal. Gold settled in the spot market at $1780.61 an ounce. There was …
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27 April 2021 1:34 pm
Japanese Stocks Closed Lower Due to Business Results
Japanese stocks fell on Tuesday, as a batch of corporate business results fell short of ambitious investor expectations for a solid earnings recovery, as Japan struggled to contain the Covid-19 pandemic. The Nikkei index fell 0.46% to 28,991.89 points, while the broader Topix index fell 0.76% to 1,903.55 points. The …
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27 April 2021 1:16 pm
European Stocks Stable After Announcing Results of The Business of Leading Companies
European stocks were largely unchanged on Tuesday after the results of blue-chip companies such as HSBC and BP were announced, while UBS became the latest bank to disclose its damage from dealing with US investment firm Archigus. The pan-European STOXX 600 index fell 0.01%, as gains in oil and gas …
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27 April 2021 12:50 pm
Bitcoin Losing Record Weekly Flows as Its Rally Recedes
Data from the Cryptocurrency Management Quinchers Monday (April 26th) showed that the cryptocurrency Bitco8b lost record weekly flows as sentiment in general towards cryptocurrencies turned to caution after a rally stalled. BTC lost $21 million in inflows in the week ending April 23, the largest weekly inflows on record. The …
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27 April 2021 12:35 pm
US Natural Gas Contracts Rise to Highest Level in 7 Weeks, Supported by Record Exports
US natural gas futures rose more than 2% to their highest level in seven weeks on Monday, as exports continued to hit record highs while production declined slightly. The increase in prices came despite forecasts of milder weather, and demand for heating until mid-May is lower than previously expected. Gas …
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27 April 2021 4:11 am
Important Remarks by ECB Officials
The European Central Bank (ECB) does not to reduce its massive stimulus measures until the Eurozone reaches the price stability target with inflation rate reaching 2%, according to ECB Board Member Fabio Panetta said on Monday. Panetta, former Director General of Bank of Italy and President of the Institute for …
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27 April 2021 3:59 am
Capital Gains Tax Hike to Affect Fraction of American Taxpayers
The highly anticipated increase of the capital gains tax in the United States would only impact 0.3% of American taxpayers, according to Brian Deese, the Director of the National Economic Council, Reuters reported. “We need to do something about equalizing the taxation of work and wealth in this country.” “And …
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