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Market Analysis

May, 2021

  • 31 May 2021 5:25 pm

    Canada Current Account Surplus at C$1.18 Billion in Q1

    Canada has posted a current account surplus of C$1.18 billion in the first quarter of 2021 after registering a current account deficit of C$5.27 billion (revised from C$7.26 billion) in the fourth quarter of 2020.

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  • 31 May 2021 4:34 pm

    Germany: Annual HICP Rises to 2.4% in May

    Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% (preliminary) on a monthly basis in May from 0.7% in March, the data published by Destatist showed on Monday. On a yearly basis, the CPI rose to 2.5% from 2%.

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  • 31 May 2021 3:51 pm

    A Glimpse Into The Chinese Market: Industrial Activity Grows Slowly On Raw Material

    China's Factory

    Growth in China’s industrial activity slowed slightly in May as raw material prices rose at the fastest pace in more than a decade, squeezing output from small firms and exporters. Data from the Office for National Statistics showed on Monday that the official manufacturing purchasing managers’ index fell to 51.0 …

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  • 31 May 2021 3:06 pm

    Ethereum is up 5% But Remains 40% Lower Than Its Record Peak

    Cryptocurrency Ethereum is up more than 5% today to $2,523 but remains more than 40% below its record peak above $4,300 recorded this month. The currency rose 4.1% to $ 2495.69 in morning trading. As for its rival Bitcoin, the largest and most famous cryptocurrency in the world, it rose …

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  • 31 May 2021 2:26 pm

    Japanese Factory Production Grows in April Thanks to Capital Goods

    Japan

    Japan’s industrial production continued to grow in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets. The world’s third-largest economy is expected to grow this quarter at a much slower pace than previously thought after the government extended anti-coronavirus measures in Tokyo …

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  • 31 May 2021 1:35 pm

    Gold Targets The Biggest Monthly Rise in 10 Months, Amid The Dollar’s Decline And Inflation Risks

    Gold prices rose on Monday, heading for their biggest monthly jump since July 2020, thanks to the decline in the dollar and bond yields, as well as the growing inflationary pressures that boost demand for the metal as well. And the spot price of gold was up 0.1% to $ …

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  • 31 May 2021 1:17 pm

    European Shares Fall From Record Levels

    European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month. The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, …

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  • 31 May 2021 12:50 pm

    Oil Contracts Are Heading For Gains For The Second Month in a Row

    Oil prices rose in early Asian trade on Monday, buoyed by positive times for fuel demand growth next quarter, as investors look to this week’s OPEC+ meeting to see how producers will respond. Brent crude futures for August delivery were up 50 cents, or 0.7%, at $69.22 a barrel, after …

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  • 31 May 2021 12:20 pm

    Japan Shares Close Lower on Profit-Taking

    Japan

    Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The …

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  • 31 May 2021 5:12 am

    Weekly Recap: 24-28 May

    The US dollar was able to end last week higher against most of the major currencies after strong US data. The yellow metal also fell to $1,890 an ounce on Friday, down from a 4-month high of 1910 on May 26. Coronavirus cases are slowly declining, and the US and …

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  • 29 May 2021 6:28 am

    Bitcoin Declines to Extend Weekly Losses

    Bitcoin fell on Friday by more than 5% to trade near $36,340, as cryptocurrencies showed high selling pressures. The world’s largest digital currency has now lost about 4.6% over the past seven days. In a similar way, Ethereum plunged by about 7.7% to $2,515, but remained higher on a weekly …

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  • 29 May 2021 3:37 am

    Oil Closes Mixed but Maintains Gains Ahead of OPEC Meeting

    Oil prices fluctuated on Friday and showed a mixed performance but still managed to register weekly and monthly gains on the back of positive expectations for demand recovery. Brent crude futures for July delivery rose by 17 cents, or 0.2%, to finish at $69.63 per barrel, its highest closing level …

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  • 29 May 2021 2:27 am

    Gold Closes Higher to Expand Weekly and Monthly Gains

    Gold prices rose on Friday, extending weekly and monthly gains and restoring the $1,900 level. As recent data showed a surge in inflation, gold and other safe haven assets saw increased demand. Gold futures for August delivery rose by $6.80, or 0.4%, to close at $1,905.30 per ounce. This marked …

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