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Market Analysis

November, 2021

  • 4 November 2021 5:08 pm

    US: Weekly Initial Jobless Claims Decline to

    There were 269,000 initial claims for unemployment benefits in the US during the week ending October 30, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 283,000 (revised from 291,000) and came in better than the market expectation of …

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  • 4 November 2021 4:11 pm

    Bank of England Leaves Policy Rate Unchanged

    The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.1% following the November policy meeting. in line with the market consensus, market pricing was pointing out to a 50% chance of a 15 basis points rate hike.

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  • 4 November 2021 3:59 pm

    BoE Press Conference: Governor Bailey Speech Live stream – November 4

    Governor Andrew Bailey will deliver his remarks on the monetary policy decisions in a press conference at 12:30 GMT on Thursday, November 4.

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  • 4 November 2021 3:07 pm

    German Factory Orders Rebound in September

    The German Factory Orders rebounded less than expected in September, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse seems to be losing momentum. Contracts for goods ‘Made in Germany’ jumped 1.3% on the month vs. 2.0% expected and -7.7% last, the latest data published by the …

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  • 4 November 2021 2:28 pm

    Oil Falls to Its Lowest Level in 4 Weeks

    Oil prices fell to their lowest level in nearly four weeks on Wednesday after a larger-than-expected increase in US crude stocks, although gasoline stocks in the world’s largest consumer, the United States, sank to a four-year low. The global benchmark Brent crude contracts fell $2.73, or 3.2 percent, to settle …

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  • 4 November 2021 1:51 pm

    European Stocks Rise to Record Levels

    European indices hit new record highs Thursday, November 4th for the fourth consecutive session after the US Federal Reserve indicated that it would be patient with interest rate hikes, thus diverting investors’ attention to the Bank of England’s interest rate decision. After the European Central announced that it was in …

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  • 4 November 2021 1:14 pm

    Why could BoE consider an interest rate hike?

    BoE

    Inflation in the U. K. could become out of control, pushing workers to demand higher wages to protect their living standards. Any spiral of higher wages could, in turn, lead to higher inflation, which ignites concerns of all central banks.There exists also a growing sense among some policymakers that the …

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  • 4 November 2021 1:08 pm

    Market Drivers – Asian Session 04-11-2021

    The Asian session was relatively quiet. The Nikkei index rose 0.93% to close at 2,9794.37 points, while the broader Topix index jumped 1.18% to 2055.56 points. Heavy losses led the shipping sector to fall 6.25%, becoming the worst-performing among the Tokyo Stock Exchange’s 33 sub-sectors. Brent crude contracts, the international …

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  • 4 November 2021 12:39 pm

    Japanese Stocks Rise Following U.S. Stocks

    Japanese stocks ended trading higher Thursday, November 4, tracking the impact of a rally in Wall Street after the US Federal Reserve revealed plans to taper, but the decline in shares of the Kawasaki Kisen shipping company, despite recording a record quarterly profit, limited the gains. The Nikkei index rose …

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  • 4 November 2021 5:53 am

    Can Biden Bend OPEC Meeting to Washington’s Will?

    While U. S. President Joe Biden and other world leaders in Glasgow continue efforts to fight climate change, OPEC ministers meet today under mounting pressure from Washington, New Delhi and Beijing to pump more crude oil, and here lies a significant paradox.OPEC meeting, Thursday, is poised to defy the U. …

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  • 4 November 2021 2:18 am

    Market Drivers – U. S. Session – 03-11-2021

    The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement.Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later this …

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  • 4 November 2021 2:06 am

    USD and Gold Impacted by Taper Decision, Shares Only Gainers

    The U. S. dollar closed Wednesday with modest losses against most of its major rival currencies, following the Federal Reserve Bank’s monetary policy announcement. Fed kept interest rates unchanged as expected, and announced the reduction of its asset purchases by $15 billion per month. The Fed will begin taper later …

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  • 4 November 2021 1:51 am

    Gold in negative territory after FOMC’s decision

    Gold prices are holding steady but remain in negative territory as the Federal Reserve said it will taper monthly bond purchases.FOMC decided to begin tapering by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.Along with the tapering announcement, the Federal Reserve also kept interest rates unchanged …

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