U.S. Treasury bond yields rose on Friday and finished the week higher, after data showed a rise in inflation. The benchmark 10-year Treasury note yield rose by up 8.6 basis points over the course of the weekm and recorded its biggest rise since March 19. The 30-year Treasury bond yield …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
June, 2021
-
25 June 2021 10:39 pm
Gold Finishes Higher to Snap Three-Week Losing Streak
Gold prices rose modestly on Friday, as the U.S. Dollar (USD) declined across the board, finishing the week higher for the first time in four weeks. The rise in U.S. inflation provided support for gold amid mixed expectations for interest rates. Gold futures for August delivery gained by $1, or …
Read More » -
25 June 2021 10:09 pm
European Stocks Record Weekly Gains
European stocks closed higher on Friday, for the second consecutive session, on the back of an improved investors’ sentiment following a slew of positive economic data. The STOXX Europe 600 index rose by 0.13%, its highest rise since May, to finish at 457.63 points, extending its weekly gains to 5.58 …
Read More » -
25 June 2021 9:40 pm
U.S. Rig Count Stabilizes This Week
The number of rigs drilling for crude oil and natural gas in the United States remained unchanged this week, data showed on Friday. The rig count stood at 470 for the week ending June 25, according to the weekly report by Baker Hughes. The number of oil rigs decreased by …
Read More » -
25 June 2021 8:26 pm
AUD/USD Maintains Some Gains Below 0.76
The Australian Dollar (AUD) rose on Friday against its U.S. counterpart, as the U.S. Dollar (USD) continues to fluctuate with markets yet to clearly understand the future path of inflation and the the subsequent changes in interest rates and the broader monetary policy. The AUD/USD pair rose in earlier trades …
Read More » -
25 June 2021 7:32 pm
Michigan Consumer Sentiment Index Eases in June
U.S. consumer confidence declined in late June, according to data by the University of Michigan released on Friday. The Index of Consumer Sentiment eased to 85.5 from an initial reading of 86.4 earlier this month. Compared with its reading in May at 82.9, consumer sentiment maintained an improvement. The current …
Read More » -
25 June 2021 4:38 pm
US Annual Core PCE Inflation Rises to 3.4% in May
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, was 0.4% in May, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index edged higher to 3.9% from 3.6%, compared to analysts’ estimate of 4%. Stock market futures …
Read More » -
25 June 2021 4:24 pm
ECB: Eurozone Will Recover Faster Than Expected, But Support is Still Needed
European Central Bank President Christine Lagarde told European Union leaders that the Eurozone is recovering faster than previously expected, but still needs continued fiscal and monetary support so that the coronavirus pandemic does not leave a permanent scar. “Continued support of fiscal and monetary policy will be needed to avoid …
Read More » -
25 June 2021 3:24 pm
The Dollar is Worried Before Inflation Data
The dollar retracted in Asia Friday, June 25 as a deal on infrastructure spending in the US boosted appetite for riskier currencies, but the cautious mood ahead of key US inflation data kept losses to a minimum. The risk-sensitive Australian and New Zealand dollars rose slightly, while the euro gained …
Read More » -
25 June 2021 2:23 pm
The US Food And Drug Administration Approves Actemra to Treat Corona in Hospitals
The US Food and Drug Administration said it has authorized emergency use of Actemra to treat adult and pediatric COVID-19 patients in hospitals, and an emergency use authorization has been issued to Genentech, a unit of Roche Holdings Inc. The Food and Drug Administration said the drug could be used …
Read More » -
25 June 2021 1:44 pm
German Consumer Sentiment Rises More Than Expected
A survey showed that German consumer sentiment improved more than expected as July approached as consumers became more optimistic and wanted to buy after Europe’s largest economy lifted public isolation measures amid a significant drop in coronavirus infections. The GFK institute said its consumer sentiment index, based on a survey …
Read More » -
25 June 2021 1:05 pm
European Shares Near a Record High
European shares approached record highs Friday, June 25, as construction-related shares tracked a jump on Wall Street on the back of a bill on infrastructure spending, while Credit Suisse rose after Reuters reported that the bank is considering a possible merger with UBS. Shares of the scandal-hit Swiss bank surged …
Read More » -
25 June 2021 12:32 pm
Japan Shares Rise at The End of The Week, Tracking The Strong Closing of Wall Street
Japanese stocks closed higher on Friday, June 25, as cyclical and technology-related stocks followed the strong shutdown of Wall Street, but gains were capped by concerns about the country’s economic recovery as well as a cautious outlook for US stocks. The benchmark Nikkei index rose 0.66% to 29,066.18 points, while …
Read More »