After a series of sharp losses suffered by the shares of the debt-laden Chinese real estate developer “China Evergrande” during the past few days, the stock was able to rise more than 8% in today’s trading session, Thursday, September 23, but the company’s share is still down more than 80% …
Read More »Major Central Banks Brace for War-Driven Inflation Shock
Major developed market central banks kept interest rates steady this week, but their tone shifted sh…
Gold Extends Sharp Sell-Off, Slides Toward $4,600 as Market Momentum Turns Bearish
Gold prices remained under heavy pressure, extending their sharp decline as the metal hovered near $…
Stocks Slide Despite Late Rebound Amid Rate Fears, Strong Data, as Geopolitical Tensions Weigh on Sentiment
U.S. stocks attempted a late-session recovery on Thursday, climbing well off their worst levels of t…
Oil Retreats from $100 Peak as Sanctions Ease but Geopolitical Risks Loom
Oil prices slipped back after briefly crossing the symbolic $100 mark, as markets weighed improved s…
Terafab Gamble: Why Tesla May Be Headed for Its First Capital Raise in Years
Tesla is stepping into one of the most ambitious chapters in its history, but the price tag attached…
Pound Gains Lose Momentum Despite Hawkish BoE
The British Pound showed only limited strength against the US Dollar, even after the Bank of England…
Lagarde Holds the Line as ECB Keeps Rates Steady Amid Global Uncertainty
European Central Bank President Christine Lagarde reaffirmed the institution’s cautious stance on Th…
U.S. Futures Slip as Oil Surge and Middle East Escalation Rattle Markets
U.S. stock futures edged lower on Thursday, as a sharp spike in oil prices and escalating geopolitic…
Oil Surges on Middle East Escalation as Supply Fears Intensify
Oil prices jumped sharply on Thursday, with West Texas Intermediate (WTI) briefly crossing the $100 …
UK Labour Market Stabilises as Energy Risks Cloud Outlook
The UK labour market showed signs of stabilization in February, with steady unemployment and stronge…
Market Analysis
September, 2021
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23 September 2021 5:32 am
Bank Of England: Hawkish Hints Unlikely
The Bank of England will hold a monetary policy meeting and will announce its decision on Thursday, September 23rd; markets are widely expecting the central bank to keep the key rate unchanged at 0.1%. The Bank of England expanded its Asset Purchase Facility to £875 billion between March and November …
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23 September 2021 2:47 am
Eurozone consumer confidence rises beyond expectations
The Eurozone’s consumer confidence index has risen in September as the spread of the Delta variant was managed and controlled as continent wide lockdown restrictions were eased.The European Commission said Wednesday that its measure of consumer confidence in the single-currency area rose to -4 (flash) from -5.3 in August. This …
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23 September 2021 2:31 am
Stock benchmarks gain around 1.0% each as Powell flagged taper
U. S. shares have ended the key trading sessions surprisingly on a positive side, despite the Federal Reserve’s hint for tapering. The market’s reaction to the Federal Reserve’s announcements was originally expected to represent a low and favored securities, which kept the gains even as Chairman Jerome Powell supported the …
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23 September 2021 1:44 am
Most important outcomes of Powell’s statements
Federal Reserve Chair Jerome Powell indicated that job gains have been very strong since January, but in August employment data slowed down markedly, particularly in leisure and hospitality sectors.Powell seemed optimistic about “Virus fears weighing on employment growth”, and expected that such concerns “should diminish over time”.Powell’s statements were as …
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23 September 2021 1:15 am
Federal Reserve issues FOMC statement (Full text)
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most …
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22 September 2021 10:52 pm
Fed Leaves Policy Rate Unchanged
The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in …
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22 September 2021 10:45 pm
Fed signals taper coming soon, rate hike shifts to 2022
The Federal Reserve on Wednesday clarifed the way to reduce its monthly bond purchases soon. The U. S. Fed signaled that interest rate increases may follow more quickly than expected, with nine of 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022.
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22 September 2021 10:29 pm
Fed hasn’t mentioned tapering schedule
The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the …
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22 September 2021 10:25 pm
Fed is optimistic about economic activity
The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the …
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22 September 2021 10:16 pm
FOMC left rates unchanged
FOMC left rates unchanged after the end of its two-day meeting on Wednesday.
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22 September 2021 10:10 pm
Fed left Interest rates unchanged
Federal Reserve has announced that the interest rate will remain unchanged. Powell is expected to signal that the central bank will soon slow its large bond-buying program in a move that would be a first step in weaning the economy off its pandemic support.
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22 September 2021 9:10 pm
London plays down joining N. American trade partnership
The British government has played down the possibility of any immediate moves to join a North American free trade area with the US, Mexico and Canada.10 Downing Street has insisted that Boris Johnson’s priority is still a stand-alone deal with Washington.The idea of a British bid to join the USMCA …
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