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Market Analysis

December, 2021

  • 23 December 2021 9:49 pm

    Wells Fargo Expects Fed to Hike Interest Rate By Second Half of 2022

    Analysts at Wells Fargo, in line with market consensus see a cumulative 125 bps of rate hikes during 2022 and 2023. They expect an initial 25 bps rate hike during the third quarter and a cumulative 125 bps of rate hikes being completed by the third quarter of 2023. The …

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  • 23 December 2021 9:09 pm

    Canada’s Economy Rebounds, Outlook Highly Uncertain

    Data released on Thursday showed GDP rose in Canada 0.8% in October and the Canadian economy is expected to grow at a 6.5% rate during the fourth quarter. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at least temporarily. Motor vehicle and parts manufacturing jumped 19% …

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  • 23 December 2021 8:34 pm

    US Shares Edge Higher In Final Session Before Christmas

    The major averages are comfortably higher on low volume as investors start to head for the exits and start the holidays.The S&P are up by +0.7%, Nasdaq +0.7% and Dow +0.6%. Ten of 11 S&P sectors are higher, led by Industrials and Materials. Real Estate is the only decliner. All …

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  • 23 December 2021 7:51 pm

    US December Consumer Sentiment Beat Flash Estimates

    The University of Michigan’s consumer sentiment for the US rose to 70.6 in December of 2021, from 67.4 last month and above preliminary estimates of 70.4 points. The gauge for expectations was revised higher to 68.3 from 67.8 and the current conditions subindex was revised lower to 74.2 from 74.6. …

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  • 23 December 2021 6:58 pm

    Market Drivers – European Session 23-12-2021

    During trading today, Thursday, in the currency market, only three of the currencies in the list of major currencies achieved profits and gains against other currencies. The list of winning currencies was presented by the pound sterling, followed by the Australian dollar, followed by the New Zealand dollar. The profits …

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  • 23 December 2021 5:55 pm

    US: Weekly Initial Jobless Claims Unchanged at 205K

    There were 205,000 initial claims for unemployment benefits in the US during the week ending December 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading matched the market consensus.

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  • 23 December 2021 5:37 pm

    US Annual Core PCE Inflation Rises to 4.7% in November

    Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose to 4.7% YoY in November, the US Bureau of Economic Analysis reported on Thursday. That was above the consensus forecast for an inflation rate of 4.5% and marked a substantial acceleration from October’s inflation rate …

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  • 23 December 2021 5:21 pm

    Putin: Russia is Not Responsible For The Rise in Gas Prices in Europe

    Russian President Vladimir Putin said Thursday, December 23, that it was unfair to accuse Russia of being responsible for the rise in natural gas prices to record levels in Europe, given that the Russian company Gazprom fulfilled all its supply commitments. Putin told an annual press conference that Gazprom had …

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  • 23 December 2021 4:15 pm

    US Stock Futures Are Rising

    US stock index futures rose in Thursday morning’s trading to offset yesterday’s losses. This rise in US stocks came after the US Food and Drug Agency (USFDA) announced that it had granted emergency approval to a drug developed by Pfizer to treat people infected with the Coronavirus, which has a …

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  • 23 December 2021 3:47 pm

    The Turkish lira is Witnessing a Sudden Rise

    The Turkish lira rose sharply today, Thursday, to succeed in descending below the 10.34 lira/dollar, while it is very close to the levels of 10. The Turkish lira jumped against the dollar during these moments by more than 11%, as it was seen at levels of 10.34 lira/dollar, which is …

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  • 23 December 2021 2:14 pm

    Oil Gives up Its Gains And Retreats

    Oil gave up gains recorded earlier in the session on Thursday, and retreated, affected by some countries in the world imposing new restrictions on travel to limit the increase in infections with the Omicron mutant, but losses remained limited due to positive developments related to the pandemic. By 0810 GMT, …

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  • 23 December 2021 12:20 pm

    AstraZeneca Vaccine Booster Works Against Omicron

    AstraZeneca

    A three-dose course of AstraZeneca’s COVID-19 vaccine is effective against the rapidly-spreading Omicron coronavirus variant, the pharmaceutical company said on Thursday, citing data from an Oxford University lab study. The study, which has not yet been published in a medical journal, showed that levels of omicron antibodies after receiving the …

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  • 23 December 2021 11:36 am

    Japan shares rise, tracking Wall Street

    Japanese shares rose at the close on Thursday, tracking a strong close on Wall Street Wednesday night, while positive data from a South African study on the mutant Omicron boosted airline stocks. The Nikkei index jumped 0.83 percent to close at 28,798.37 points, recording a rise for the third consecutive …

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