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Market Analysis

March, 2021

  • 31 March 2021 2:51 am

    Fed’s Williams Optimistic about Economic Recovery

    As more Americans are vaccinated and households and businesses from fiscal support, there are reasons to be optimistic about the U.S. economy President of the Federal Reserve Bank of New York, John Williams, said on Tuesday that he is optimistic for the United States economy as more people are vaccinated …

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  • 31 March 2021 2:46 am

    Wall Street Closes Lower Awaiting Biden’s Infrastructure Plan

    he New York Stock Exchange (NYSE) closed Tuesday with relatively small losses, as Wall Street investors were impacted by the tech sector losses that resulted from a surge in Treasury bond yields to their highest level in about 14 months. The Dow Jones Industrial Average declined by 104.41 points, or …

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  • 31 March 2021 2:38 am

    Oil Losses Exceed 1% Ahead of OPEC Summit

    Oil prices declined on Tuesday, after the reopening of the Suez Canal limited concerns about supply flows. In addition, the surge by the U.S. Dollar (USD) weighed on crude prices, ahead of the OPEC+ meetings, which will decide whether major producers will extend their output curbs during May or not. …

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  • 30 March 2021 11:00 pm

    Gold Closes Near Three-Week Low

    Gold futures declined on Tuesday for the second consecutive session, amid a strong rise by the U.S. Dollar (USD) and Treasury bond yields. The yellow metal most actives contracts closed at their lowest level in nearly three weeks, breaking the $1,700 support level. Gold futures for April delivery finished lower …

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  • 30 March 2021 10:59 pm

    European Stocks Close in Green Nearing its All-Time High

    European stocks closed higher on Tuesday, amid hopes for economic recovery from the impact of the Coronavirus pandemic with the rollout of vaccines. The STOXX Europe 600 index rose by 0.81% to close at 431.06 points, nearing its all-time record high of nearly 434 points, supported by the auto sector …

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  • 30 March 2021 10:11 pm

    Fed’s Bostic Expects Millions of Job Opportunities in Coming Months

    President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Tuesday that he expects millions of Americans will be rehired in the next summer as the economy recovers from the negative impact of the Coronavirus pandemic. “We could see a burst of activity and performance coming into the …

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  • 30 March 2021 9:43 pm

    USD Strengthens as Treasury Yields Rise

    The U.S. Dollar (USD) is rising on Tuesday, supported by the increase in Treasury bond yields. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.37% at 93.29. The index has been moving today in a range between 92.88 …

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  • 30 March 2021 7:55 pm

    Producer Prices in Brazil Register Highest Increase on Record

    The producer price index (PPI) in Brazil increased last month to its highest level on record, as the biggest economy in Latin America continues to struggle with the impact of the Coronavirus pandemic. Producer prices rose by 5.2% on a monthly basis and by 28.6% on an annual basis, reaching …

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  • 30 March 2021 7:27 pm

    Wall Street Opens Lower as Treasury Yields Rise

    The main indices of the New York Stock Exchange (NYSE) opened lower on Tuesday, amid a surge in the U.S. Treasury bond yields. The Dow Jones Industrial Average is down by 75.32 points, or 0.23%, at 33,096.05 points. The S&P 500 index declined by 12.44 points, or 0.31%, at 3,958.65 …

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  • 30 March 2021 6:17 pm

    US: CB Consumer Confidence Index Rose in March

    Consumer confidence in the US improved sharply in March with the Conference Board’s Consumer Confidence Index rising to 109.7 from 90.4 in February. This reading beat the market expectation of 96.9 by a wide margin. Further details of the publication showed that the Present Situation Index jumped to 110 from …

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  • 30 March 2021 5:05 pm

    Canada: Average weekly Earnings Rise in January

    The average weekly income of non-farm employees in Canada grew 8.3% Y-o-Y to 1,135 CAD in January 2021, after a bullish rate of 6.9% in December. It was the largest gain in profits since July, as job losses since February 2020 have been concentrated among hourly and lower-paid employees.

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  • 30 March 2021 5:01 pm

    Germany: Annual HICP stays rises to 2% in March

    Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% on a monthly basis in March from 0.7% in February. On a yearly basis, the CPI rose to 1.7% and both of those readings came in line with analysts’ estimates.

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  • 30 March 2021 3:42 pm

    France: Consumer Confidence Rises in March

    French consumer confidence rose unexpectedly in March despite new restrictions on the coronavirus in large parts of the country and the possibility of further restrictions, official data showed on Tuesday. The French Statistical Office stated that the monthly consumer confidence index rose to its highest level since December, reaching 94 …

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