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Market Analysis

September, 2021

  • 7 September 2021 2:43 pm

    German Industrial Production Recovery Suggests Bottlenecks Are Easing

    Merkel

    German industrial production rose more than expected in July after a three-month decline, data showed, in a sign that factories were overcoming supply bottlenecks that slowed the recovery of Europe’s largest economy. The Federal Statistics Office said industrial production, which includes the construction and energy sectors, increased 1% month-on-month, after …

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  • 7 September 2021 1:30 pm

    All Eyes on ECB With PEPP Tapering Expected in Q4

    The European Central Bank’s Governing Council will meet this week to decide on the level of PEPP purchases; analysts expect a reduction after two-quarters of higher purchases. the amount will remain undetermined, but monthly purchases may be reduced to 60 billion euros from the current 80 billion euros. Statements made …

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  • 7 September 2021 12:37 pm

    Currencies Overview: The Dollar Finds Support as Traders Look Forward to The European Central Meeting

    The dollar found support on Tuesday, September 7th, as investors awaited the European Central Bank meeting and US data to learn about policy expectations, while the Australian dollar rose briefly after the Reserve Bank of Australia stuck to its plans to reduce bond purchases. The US currency curbed the euro …

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  • 7 September 2021 11:40 am

    Bigger-Than-Expected Growth in Chinese Exports in August Boosts Economy

    China

    China’s exports grew faster than expected in August thanks to strong global demand, relieving some pressure on the world’s second-largest economy as it tries to overcome many problems on several fronts. The Asian giant made a strong recovery from the repercussions of the Coronavirus, but the economic momentum has weakened …

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  • 7 September 2021 11:07 am

    Gold Near Its Highest Level in More Than Two Months

    Gold prices fell on Monday as the dollar rose, but renewed bets that the US Federal Reserve may slowly reduce its stimulus program to support the economy kept the precious metal near its highest level in two and a half months. And gold for immediate selling ended the trading session …

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  • 7 September 2021 10:38 am

    Nikkei Rises 0.76% at The Beginning of Trading in Tokyo

    The Nikkei average rose in early trading on the Tokyo Stock Exchange on Tuesday. The Nikkei rose 0.76 percent to 2,9883.92 points, while the broader Topix index rose 0.75 percent to 2056.45 points.

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  • 7 September 2021 5:07 am

    Brent Finishes Lower Amid Lower Prices and OPEC Move

    Oil prices declined on Monday, with markets digesting the recent decision by the OPEC+ plus, following disruptions in North American due to Hurricane Ida and concerns over the pandemic. Brent Crude futures for November delivery closed down by 39 cents or 0.54% at $72.22 per barrel. This is the second …

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  • 7 September 2021 5:01 am

    GBP/USD Declines amid Thin Trade

    The British Pound (GBP) fell on Monday against the U.S. Dollar by 0.14%, as the greenback strengthened across the board, amid thin trade with the Labor Day holiday in North America. The GBP/USD pair declined by 0.14% to 1.3838, snapping a three-session rising streak and logging its biggest drop since …

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  • 7 September 2021 4:54 am

    Euro/USD Declines after Six Consecutive Rises

    Eurozone

    The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), registering its first loss in seven sessions. The EUR/USD pair slipped by 0.06% to reach 1.1872, maintaining the 1.870 level, but remaining lower year to date by about 2.82%. This was the first and largest loss for the …

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  • 7 September 2021 4:47 am

    USD Snaps Four-Session Decline with Marginal Rise

    The U.S. Dollar (USD) traded marginally higher on Monday, with thin trade volumes attributed to the federal holiday commemorating Labor Day. The greenback rose by about 0.10% against major currencies, snapping a four-day declining streak and recording its largest rise since August 26. Last week, markets were surprised by a …

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  • 7 September 2021 4:12 am

    Goldman Sachs Planning IPO in London

    Goldman Sachs is planning to list its alternative asset management arm, Petershill Partners, on the London Stock Exchange (LSE). The investment bank announced on Monday that would raise at least $750 million in the IPO. Media reports pointed to plans targeting $5 billion, according to Dow Jones. Petershill Partners and …

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  • 7 September 2021 4:07 am

    U.S. Stock Futures Show Wall Street on Track for Another Rise

    The New York Stock Exchange (NYSE) could be rising to new record highs, as evident by today’s rise of the U.S. stock futures on Monday, with the futures on the S&P 500 rising by 0.3%. In addition, most stock markets performed positively today, signaling that Wall Street might be up …

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  • 6 September 2021 10:46 pm

    U.S. Markets Shut Down for Labor Day

    Markets across the United States are closed today in celebration of Labor Day. The long weekend, observed on the first Monday in September, celebrates workers and the labor movement in the U.S. The first Labor Day was celebrated in the U.S. back in 1882 in New York. Nearly two decades …

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