Eurozone’s Industrial Production in Germany showed a bigger-than-expected drop in May, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is losing momentum yet again. The industrial output in the bloc arrived at -1.0% MoM vs. a 0.2% drop expected and 0.6% …
Read More »Gold Edges Higher as Softer U.S.–China Tone Offsets Profit-Taking; Silver Near Records
Gold rebounded on Monday, reclaiming part of last week’s pullback as traders digested more conciliat…
U.S. Futures Edge Higher on Hopes for China Talks; Big Tech Earnings, Inflation Data in Focus
U.S. stock index futures rose Monday as signs of renewed U.S.–China dialogue buoyed risk sentiment a…
Bitcoin Extends Rebound as Softer U.S.–China Rhetoric Lifts Risk Appetite
Bitcoin advanced on Monday, building on a weekend bounce as cooler rhetoric around the U.S.–China tr…
Oil Extends Slide on China Demand Worries, Supply Risks, and Fading Geopolitical Premium
Crude prices fell for a third session on Monday, adding to last week’s losses as fragile demand sign…
Europe Opens Higher as Asia Rally Lifts Sentiment; Earnings Deluge Ahead
European equities started the week on the front foot, tracking gains in Asia and stabilizing after F…
China Q3 2025 growth beats forecasts but slows to one-year low as disinflation, trade risks bite
China’s economy expanded slightly faster than expected in the third quarter, even as momentum cooled…
Market weekly wrap: Government shutdown could have an end soon
Markets kicked off last week on a cautious note after President Donald Trump announced late Friday a…
Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood
After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones I…
Gold Retreats from Record High as Trump Softens Stance on China
Gold’s meteoric rise hit a speed bump on Friday, slipping 2% from its all-time high after U.S. Presi…
Washington Stalemate Deepens: U.S. Government Shutdown Hits 17 Days With No End in Sight
The United States government shutdown entered its 17th day on Friday, making it the third-longest in…
Market Analysis
July, 2021
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14 July 2021 1:42 pm
Gold is Rising Due to The Decline in USD And US Bond Yields Before Powell’s Speech
Gold prices rose on Wednesday, July 14th, after receiving a boost from falling US Treasury yields and the dollar, while the focus is now on US Federal Reserve Chairman Jerome Powell’s speech to Congress later today after the strong rise in consumer prices. And gold rose in the spot market …
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14 July 2021 1:15 pm
The Dollar is at a 3-Month High Against The Euro
The US dollar rose Wednesday, July 14 to touch a three-month high against the euro and hit a one-week high against the Japanese yen, after rising US inflation spurred bets for a faster monetary tightening than Fed officials have indicated so far. The New Zealand dollar jumped more than 1% …
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14 July 2021 12:40 pm
UK Inflation Jumps to 2.5% in June
Official data showed that the rate of inflation in Britain rose more than the rate targeted by the Bank of England in June to reach 2.5%, compared to 2.1% in May. Economists polled by Reuters had expected the consumer price index to stand at 2.2% in the 13 months to …
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14 July 2021 2:18 am
Wall Street Closes Lower After Inflation Surge
The New York Stock Exchange (NYSE) closed lower on Tuesday, after logging new record highs yesterday, as Wall Street investors responded to the huge surge in inflation. June’s reading of the Consumer Price Index (CPI) showed a 5.2% surge, exceeding market expectations. The Dow Jones Industrial Average declined by 0.31% …
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14 July 2021 1:59 am
Dollar Registers Biggest Rise in About a Month Following Inflation Surge
The U.S. Dollar (USD) rose on Tuesday across the board, following the release of June’s inflation reading that showed an increase in consumer prices that exceeded market expectations. The Consumer Price Index (CPI) jumped by 5.4% on an annual basis last month, compared with a 5% increase in May, according …
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14 July 2021 12:59 am
U.S. Oil Inventories Expected to Register Eighth Consecutive Weekly Drop
Crude oil inventories in the United States are expected to further drop, with official data due on Wednesday by the U.S. Department of Energy’s Energy Information Administration (EIA). Last week, data showed that U.S. oil stockpiles declined for the seventh consecutive week by 6.866 million barrels. A drop that exceeded …
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14 July 2021 12:09 am
Oil Closes Higher with Nymex at Highest Since October 2018
Oil prices rose on Tuesday, despite concerns about the coronavirus Delta variant and uncertainty about the OPEC+ output policy, mainly amid expectations of another drop in crude inventories in the United States. Brent crude for September delivery rose by $1.33, or 1.77%, to settle at $76.49 per barrel, registering its …
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13 July 2021 11:05 pm
Gold Rebounds After Surge in Inflation
Gold prices rose on Tuesday, supported by the surge in U.S. inflation and concerns about the resurgence of the coronavirus (COVID-19) pandemic with the spread of the Delta variant. Today’s gains came despite a mostly positive performance by the U.S. Dollar (USD) with more investors hedging against the rising consumer …
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13 July 2021 10:07 pm
European Stocks Stabilize Maintain Record Highs
Europe’s stock markets closed mostly unchanged on Tuesday but maintained an upward trend for the third consecutive session. The STOXX Europe 600 index finished higher by 0.13 points, or 0.03%, at a new record high of 460.96 points. Over the past three sessions, the pan-European index recovered its earlier losses …
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13 July 2021 8:03 pm
Wall Street Mixed Following Inflation Data
The main indices of the New York Stock Exchange (NYSE) that all logged new record highs by the end of the week’s first session are showing a mixed performance on Tuesday, with Wall Street reacting to the release of inflation data. The Dow Jones Industrial Average is marginally down by …
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13 July 2021 5:30 pm
US annual CPI Inflation jumps to 5.4% in June
Inflation in the US, as measured by the Consumer Price Index (CPI), jumped to 5.4% on a yearly basis in June from 5% in May, the data published by the US Bureau of Labor Statistics revealed on Tuesday. Excluding volatile food and energy prices, the core CPI rose 4.5%, the …
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13 July 2021 4:45 pm
Goldman Sachs Reports Earnings Per Share of $15.02 in Q2, 2021
Goldman Sachs Group reported Tuesday, July 13th, a rise in second-quarter 2021 earnings, as the largest Wall Street investment bank benefited from record dealmaking activity globally. Net profit attributable to common shareholders increased to $5.35 billion in the three months ended June 30, compared to $2.25 billion a year earlier. …
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