The Bank of Canada (BoC) is expected to leave interest rates unchanged and market waiting for its Rate Statement due out at 15:00 GMT. here are the expectations as forecast by the economists and researchers of eight major banks. TDS “We look for the Bank of Canada to leave policy …
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
March, 2021
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10 March 2021 4:32 pm
Italy: Producer Prices Fall to Their Lowest Since 2019
Italy’s producer prices fell 0.3% year-on-year in January 2021, after a 1.8% decline. It is the nineteenth consecutive month in which producer prices have fallen, but it is the softer one since July 2019. On a monthly basis, producer prices rose 1.4% in January, the largest number since July 2018.
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10 March 2021 3:51 pm
Currencies Overview: USD Rising as Bonds Stabilize
The dollar rose on Wednesday, recouping part of the losses it incurred on Tuesday night as the downward trend in US bond yields stopped for a year high. Subprime currencies, including the Australian and New Zealand dollars, retreated after posting big gains on Tuesday. Bitcoin slipped after previously exceeding $55,000 …
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10 March 2021 3:06 pm
Turkish Lira Receives New Support
Turkey’s unemployment rate fell to 12.2% in January and the labor force participation rate rose to 50% from a month ago, according to data released on Wednesday that was presented in a new form in line with international standards. The unemployment rate was 12.6% in December and 12.8% a year …
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10 March 2021 2:33 pm
European Stocks Fell, Led by Mining And Travel Sectors
European stocks fell on Wednesday, March 10, after rising close to pre-pandemic levels yesterday, as concerns about rising inflation kept investors anxious, and mining and travel stocks led the decline. The European Stoxx600 index fell 0.3%, after hitting its highest level since late February 2020 on Tuesday. Shares in economically …
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10 March 2021 1:38 pm
A Spokesperson For The French Minister of Industry: No Contract Has Been Signed to Produce The Russian Sputnik V Vaccine
A spokesman for the French Minister of Industry said Tuesday that no company in France has signed a contract with Russia to produce its Sputnik V vaccine against the Coronavirus, apparently contradicting comments made by the head of the Russian Direct Investment Fund. “As far as we know, no contract …
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10 March 2021 1:36 pm
Russia says it Has Concluded Agreements With 4 European Countries to Manufacture The Sputnik V Vaccine
The head of Russia’s sovereign fund said Tuesday (March 9th) that the fund has entered into agreements with production facilities in Italy, Spain, France, and Germany to manufacture the Sputnik V vaccine, the vaccine against COVID-19. The fund’s president’s speech came after he signed a commercial agreement with a Swiss …
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10 March 2021 12:55 pm
China Consumer Price Index Beats Expectations
China’s CPI fell 0.2% year-on-year in February 2021, after a 0.3% decline in the previous month and compared to the market consensus of 0.4%. It was the second consecutive month of deflation, as prices fell for both food and non-food items. On a monthly basis, consumer prices rose 0.6% in …
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10 March 2021 12:41 pm
Gold Falls as Dollar Rise
Gold fell on Wednesday, March 10, after recording its biggest jump in two months in the previous session, as US Treasury yields and the dollar rose, weakening the yellow metal’s appeal. Gold fell in the spot market 0.2% to $1712.82 an ounce after it rose more than 2% on Tuesday …
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10 March 2021 12:30 pm
Japan Shares Closed Flat, Fund Sales Wiped Out Tech Firms’ Gains
Japanese stocks were largely unchanged on Wednesday, March 10, as sales of domestic funds before the end of the fiscal year wiped out gains in tech stocks that tracked Wall Street’s rally last night. The Nikkei rose 0.03% to close at 29036.56 points, while the Topix gained 0.11% to 1919.74 …
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10 March 2021 2:00 am
Supply Data Weighs on Oil while Output Cuts and Forecasts Provide Support
Oil prices declined on Tuesday for the second consecutive session, amid expectations for a buildup in U.S. crude supplies. A recent S&P Global Platts poll of market analysts estimated that oil inventories increased last week by 2.7 million barrels, following a huge surge of 21.6 million barrels in the week …
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10 March 2021 1:21 am
Yellen Vows Quick Distribution of State and Local Aid
The United States Treasury Secretary Janet Yellen said on Tuesday that the Department will aim at quickly distributing $350 billion of state and local government aid, as part of the $1.9 trillion relief bill that is expected to be passed by Congress tomorrow. “In the coming days our Treasury team …
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10 March 2021 1:15 am
NYSE Finishes with Big Gains as Treasury Yields Stabilize
The New York Stock Exchange (NYSE) rose on Tuesday and finished with strong gains, as Treasury bond yields in the United States pulled back from their highest level in about 13 months, and with tech stocks rising following strong selling pressures. The Dow Jones Industrial Average finished higher by 30 …
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