New York’s stock markets witnessed a mixed move of futures that switched between gains and losses on Tuesday. The U.S. central bank will meet, Wednesday, to decide on the fate of asset purchases. Officials are expected to hold interest rates near zero.Tapering of the Fed’s USD 120 billion in monthly …
Read More »Oil Prices Hold Steady as OPEC+ Pause and Geopolitical Risks Support Market
Oil prices were steady in Asian trading on Tuesday, consolidating the previous session’s gains as OP…
Oil Prices Rise Amid U.S. Dollar Decline and Geopolitical Tensions
Crude oil prices climbed to their highest level of the week after the U.S. Dollar Index fell to a tw…
Precious Metals Rally as Dollar Weakens and Rate-Cut Bets Intensify
Gold and silver extended their upward momentum on Monday, driven by a softer U.S. dollar and growing…
Yen Strengthens as Markets Bet on a Bank of Japan Rate Hike
The Japanese yen advanced to a two-week high on Monday, pushing the USD/JPY pair down by roughly 0.5…
Euro Rises as Diverging Central Bank Policies Lift the Single Currency
The euro edged higher on Monday, climbing to its strongest level in two weeks against the U.S. dolla…
Global Stocks Slip as Bond Yields Rise, Disney Boosts Entertainment Sector
Global equities opened the week on a downward trajectory, pressured by rising U.S. and Japanese gove…
Sterling Climbs as Markets Bet on Imminent Rate Cuts
The British pound began the week on a firmer footing, supported by growing expectations that major c…
U.S. Manufacturing Slips Again as Tariffs and Uncertainty Weigh on Growth
American manufacturing continued its downward slide in November, marking the ninth consecutive month…
U.S. Stock Futures Slip as Markets Weigh December Fed Rate Cut and Next Chair Pick
U.S. stock futures moved lower on Monday as investors digested the implications of rising expectatio…
Bitcoin Slides Over 5% as Yearn Finance Exploit Triggers Fresh Crypto Market Turbulence
Bitcoin fell sharply in Asian trading on Monday, kicking off the new month with renewed volatility a…
Market Analysis
September, 2021
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21 September 2021 10:20 pm
Basel Committee warns of restrictive crypto rules
The global financial industry has urged regulators all over the world to avoid imposing strict capital rules on digital assets.Warning is gaining momentum because such regulatory requirements are most probable to drive activity underground and, therefore deprive banks of the benefits of crypto technology.Trade groups as well as representatives of …
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21 September 2021 10:16 pm
OECD: U. S. economic recovery has slowed
The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …
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21 September 2021 5:04 pm
US: Philly Fed Nonmanufacturing Index Drops in September
The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 9.6 in September from 39.1 in August.
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21 September 2021 4:47 pm
US: Housing Starts Rise by 3.9% in August
Housing Starts in the US rose by 3.9% on a monthly basis in August after declining by 7% in July, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday.
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21 September 2021 3:36 pm
BoJ Decision: Forecasts From Three Major Banks
The Bank of Japan (BoJ) will announce its policy decision on Wednesday, September 23 at 05:00 GMT. here are the expectations forecast by three major banks. SocGen “Given that the fifth wave of the coronavirus has begun to be contained, we expect that the BoJ will maintain its current main …
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21 September 2021 2:48 pm
UAE Energy Minister: Low Gas Prices Are Not Sustainable
UAE Minister of Energy Tuesday, September 21, said that low gas prices are not sustainable, stressing that the recent increase occurred because of the key factors of the market, in addition to the lack of investment in the sector. Minister Suhail Al Mazrouei said at a sector conference in Dubai …
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21 September 2021 1:48 pm
Reuters: OPEC+ Commitment to Oil Cuts Increased to 116% in August
Two sources from the group of OPEC+ oil producers told Reuters that the group’s commitment to production cuts increased to 116 percent in August from 109 percent in July.
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21 September 2021 1:12 pm
Japan Shares Close Lower on Evergrande
Japanese stocks tracked the decline in global markets, closing lower on Tuesday, as investors abandoned risky assets on fears of a possible default by China’s Evergrande Group, but some buying to seize opportunities helped limit losses. The Nikkei index fell 2.17 percent to close at 2,9839.71 points, its biggest drop …
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21 September 2021 12:36 pm
Oil Rises 1% Amid Signs of Tight US Supplies
Oil prices rose on Tuesday, September 21, after analysts pointed to signs of tight US supplies, ending a series of losses that lasted for days, while global markets still haunted by the specter of the potential impact on the Chinese economy from the crisis of the debt-burdened real estate group …
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21 September 2021 8:10 am
Evergrande could trigger a global market crisis
A looming debt-related default by Chinese Evergrande Group has suddenly shook up financial markets from Asia to Europe and the United States. On Monday, major banks were told that they will not collect interest payments on loans that are outstanding, while interest payments of USD 84 million on the company’s …
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21 September 2021 8:10 am
American Fintech products launched to push EVs
American Fintech products launched to push EVs Mainly to address climate change, Spring Free EV will launch fintech products to accelerate the adoption of electric vehicles. Led by entrepreneur and former Sidecar founder and CEO Sunil Paul, the company has assumed the bold mission to reduce carbon dioxide emissions …
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20 September 2021 11:39 pm
Yellen warns of cash catastrophe
Janet Yellen renewed, Monday, her call for Congress to raise or suspend the nation’s debt before October. The U. S. Treasury Secretary has warned that failure to do so may trigger an unprecedented financial crisis in the United States.“The U.S. has always paid its bills on time,” Yellen wrote in …
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