Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits. The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points. The two indices …
Read More »Dow Jones Eyes Recovery as Government Shutdown Hopes Lift Markets
The Dow Jones Industrial Average started the week holding steady near the 47,000 mark, as investors …
Gold Shines as Market Optimism Rises Amid US Dollar Recovery
Gold surged at the start of the week, climbing above $4,090 per ounce, as investors weighed easing e…
Bitcoin Steadies as Optimism Grows Over U.S. Regulatory Shift
Bitcoin held steady above the $105,800 mark, showing daily surge of 1,09%, after weeks of sharp swin…
Fed’s Miran Says Inflation Is Easing, Backs Continued Rate Cuts
Federal Reserve Governor Stephen Miran expressed optimism about the U.S. inflation outlook, stating …
US Dollar Steadies as Senate Moves to Avert Government Shutdown
The US dollar held firm on Monday after the Senate approved a short-term funding bill to keep the go…
Euro Steadies Ahead of Key Sentiment Data
The euro started the week on a calm and steady note, holding on to last week’s gains as traders awai…
U.S. futures surge as Senate advances shutdown deal; tech eyes relief, TSMC steadies AI mood
U.S. stock futures jumped Monday after the Senate cleared a key procedural hurdle toward ending the …
European stocks rally on shutdown-end hopes; Diageo soars on new CEO, tech leads rebound
European equities climbed Monday, mirroring a brighter global tone as signs emerged that the histori…
Oil rises as shutdown-end hopes lift demand outlook; supply overhang tempers gains
Oil prices edged higher Monday, supported by signs the U.S. government shutdown could soon end—poten…
Bitcoin climbs as shutdown-end hopes lift risk appetite; XRP outperforms on funding buzz
Bitcoin advanced Monday, extending a weekend rebound as signs of progress toward ending the U.S. gov…
Market Analysis
July, 2021
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12 July 2021 3:34 am
Weekly Recap: 4-9 July
The past week was full of events, the week began with a public holiday in the United States on Independence Day, and then the events started to follow. Take a comprehensive look at this weekly report. Wall Street The three major US stock indexes rose to unprecedented levels at the …
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10 July 2021 1:52 am
Wall Street Register Third Straight Weekly Gain
The main indices of the New York Stock Exchange (NYSE) rebounded on Friday, turning to a third consecutive weekly rise after recent declines, which were mostly due to concerns among Wall Street investors about recovery from the pandemic and the mixed economic data. The Dow Jones Industrial Average gained 448.23 …
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10 July 2021 12:18 am
USD Records Second Consecutive Weekly Decline
The U.S. Dollar (USD) declined on Friday, finishing holiday-shortened the week in losses, amid rising concerns about economic recovery and the resurgence of the coronavirus pandemic with new variants. Mixed economic data also increased worries about the pace of recovery. The Dollar Index (DXY) that measures the greenback against a …
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9 July 2021 11:14 pm
Oil Rebounds for Second Day but Logs Weekly Losses
Oil prices continued to rise on Friday for the second consecutive session, as the recent drop in U.S. crude inventories provided support to the outlook despite uncertainty about the OPEC+ agreement, but couldn’t recover all of its weekly losses. Brent Crude futures for September delivery rose $1.43, or 1.93%, to …
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9 July 2021 10:30 pm
Gold Scores Third Weekly Rise in Row
Gold prices rose on Friday to maintain its rising trend for the third consecutive week, amid increased demand for safe havens due to concerns about the economic recovery. A decline by the U.S. Dollar (USD) across the board also provided support to the yellow metal amid a decline in the …
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9 July 2021 10:00 pm
European Stocks Rebound to Recover Most Weekly Losses
European stocks rebounded on Friday, recovering from their recent losses that resulted from fears regarding economic recovery, amid an improvement in the risk sentiment among investors. The STOXX Europe 600 index gained 6.06 points, or 1.34%, to close at 457.67 points. This marked the biggest index for the pan-European index …
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9 July 2021 9:27 pm
Fed Monetary Policy Report Acknowledges Higher Inflation Risks
The United States Federal Reserve presented its semi-annual Monetary Policy Report to Congress on Friday. The report pointed to the progress in vaccination against the coronavirus (COVID-19) and how it has helped a rebound in growth by reopening the economy, with the accommodative monetary and fiscal policy. Nevertheless, the pandemic …
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9 July 2021 7:23 pm
U.S. Wholesale Inventories Surge 1.3% in May
Wholesale inventories in the United States increased by 1.3% during May, with businesses trying to keep up with the rising demand amid recovery from the pandemic, data showed on Friday. Meanwhile, wholesale sales grew by 0.8% compared with the previous month, and by 37% on an annual basis. Durable goods …
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9 July 2021 6:07 pm
The Dollar Index Settled Above 92 Points For The Second Week in a Row
The movement of the US dollar stabilized against other major currencies, during trading at the end of the week on Friday. Thus, the DXY dollar index is trading above 92.00 points for the second week in a row, with the current week ending slightly lower compared to last week. The …
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9 July 2021 5:27 pm
US Bond Yields Are Back on The Rise
US Treasury yields rebounded on Friday, easing some concerns about the global economic slowdown caused in part by a sudden drop in yields in recent months, and the yield on the benchmark 10-year Treasury bond rose 5 basis points to 1.336%, and the yield on the Treasury bond rose by …
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9 July 2021 4:33 pm
ECB Accounts: Members Debated Reducing Bond Purchases in June Meeting
The European Central Bank (ECB) released the accounts of its June monetary policy meeting on Friday, with the key highlights found below, per Reuters. Concerns expressed that any change in net purchases not based on improvement in inflation outlook would lead to unwarranted tightening of financial conditions.Financing conditions were assessed …
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9 July 2021 3:30 pm
PBOC Cuts RRR by 50 bps
In an unexpected move, the People’s Bank of China (PBOC) cut the Reserve Ratio Requirement (RRR) for banks by 50 bps with effect from July 15. Weighted average RRR for all financial institutions at 8.9% after the new cut.
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