European stocks finished Tuesday at a new record high, with the chemicals and insurance stocks leading the gains. The STOXX Europe 600 index finished higher by 0.11% at 458.81 points. Today marked the eighth consecutive record-high closing level for the pan-European index, which gained about 15% since the beginning of …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Market Analysis
June, 2021
-
15 June 2021 7:57 pm
U.S. Housing Market Index Declines
The U.S. Housing Market Index declined this month to 81 from its reading of 83 in May, data by the National Association of Home Builders showed on Friday. The reading comes below market expectations of maintaining the same level of last month. The gauge of home sales for the coming …
Read More » -
15 June 2021 7:51 pm
U.S. Business Inventories Rise in April
Business inventories in the United States declined by 0.2% in April, official data showed on Tuesday. The reading follows a rise of 0.2% in March. On the annual level, inventories fell by 3.6%, according to the U.S. Department of Commerce. Retail inventories plunged by 1.8%, after decreasing by 1.4% in …
Read More » -
15 June 2021 5:58 pm
US: Industrial Production Expands by 0.8% in May
Industrial Production in the United States expanded by 0.8% on a monthly basis in May, the US Federal Reserve reported on Tuesday. This reading followed April’s growth of 0.1% (revised from 0.7%) and came in slightly better than the market expectation for an increase of 0.6%.
Read More » -
15 June 2021 5:15 pm
US Retail Sales Decline by 1.3% to $620.2 Billion
Retail Sales in the US fell by 1.3% to $620.2 billion in May following April’s expansion of 0.9% (revised from 0%), the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for a decrease of 0.8%.
Read More » -
15 June 2021 4:50 pm
Cautious Trading on The Dollar Due to Uncertainty About The Fed Meeting
The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …
Read More » -
15 June 2021 4:03 pm
US And EU Resolve 17-Year Dispute Between Boeing and Airbus
European Commission President Ursula von der Leyen said the United States and the European Union had resolved a 17-year dispute over aircraft subsidies between Boeing and Airbus. It comes after CNBC reported last week that the European Union is pressing the White House to reach an agreement to end trade …
Read More » -
15 June 2021 2:58 pm
Turkish Lira Falling Sharply
The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …
Read More » -
15 June 2021 2:19 pm
Oil Rises as Risk of Resuming Iran Supply Recedes
Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …
Read More » -
15 June 2021 1:38 pm
European Stocks Post Their Longest Winning Streak Since 2019
European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight. The Stoxx600 index of European shares rose 0.3%, the longest …
Read More » -
15 June 2021 12:54 pm
Gold Stabilizes on Dollar Decline, Eyes on Fed
Gold prices rose today, Tuesday, June 15, as the dollar’s decline caused the cost of the yellow metal to decline for holders of the rest of the currencies, while investors awaited the outcome of the US Federal Reserve meeting to elicit indications on the path of unprecedented monetary stimulus. Gold …
Read More » -
15 June 2021 12:25 pm
Japan Stocks Rise, Tracking Nasdaq, Drug Makers Shine
Japanese stocks closed higher on Tuesday, June 15th, as technology and growth-focused stocks were supported by a strong Nasdaq close overnight, while drugmakers extended their gains. The Nikkei index jumped 0.96% to 29,441.30 points, its biggest gain since late May, while the broader Topix rose 0.8% to 1975.48 points, closing …
Read More » -
15 June 2021 8:26 am
Bank of Japan Likely to Extend Relief Program
The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …
Read More »