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Market Analysis

September, 2021

  • 4 September 2021 2:44 am

    Why Gold Prices Surged Following Jobs Data?

    Gold prices rose on Friday, after data showed disappointing progress by the U.S. labor market, with a lower than expected increase in nonfarm payrolls during August, which increased concerns over the pace of recovery from the coronavirus pandemic. The jobs report led to the decline of the Dollar Index (DXY) …

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  • 4 September 2021 2:10 am

    Oil Prices Close Lower but Rise for the Week

    Oil prices closed lower on Friday after data showed disappointing progress by the U.S. labor market, with a lower than expected increase in nonfarm payrolls during August, which increased concerns over the pace of recovery from the coronavirus pandemic. However, crude futures managed to close higher for the week, amid …

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  • 3 September 2021 10:45 pm

    Fears in U.S. Over Inflation Getting Out of Hand Fast!

    Inflation in the United States has been on a rising trend in recent months with the Federal Reserve tolerating the surge in consumer prices with the hope that it would eventually lead to achieving the price stability target with a sustainable inflation rate of 2%. However, despite the central bank’s …

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  • 3 September 2021 9:36 pm

    FDA to Discuss Booster Shots Ahead of Plan for Third Jabs

    The United States Food and Drug Administration (FDA) is reportedly discussing the proposals for additional booster shots of the coronavirus vaccines. The FDA Vaccines and Related Biological Products Advisory Committee reportedly plans to hold a meeting on September 17 to discuss the matter. The Pfizer- BioNTech vaccine, which recently was …

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  • 3 September 2021 8:27 pm

    Brazil Central Bank Monitoring High Energy Prices

    Governor of the Central Bank of Brazil, Roberto Campos Neto, said on Friday that he is closely monitoring the increasing electricity prices with the largest economy in Latin America suffering from the worst drought in decades, Reuters reported. High energy prices are contributing to the increasing inflationary pressures, which are …

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  • 3 September 2021 7:25 pm

    Tech Stocks Sees Highest Investments in Six Months – BofA

    More investors are leaning towards slowing-growth assets, amid rising inflation rates, according to a weekly investment-monitoring report by the Bank of America, as cited by Reuters on Friday. Technology stocks witnessed the highest inflows since March at $2.5 billion. Meanwhile, high selling was seen on Treasury bonds and other U.S. …

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  • 3 September 2021 5:27 pm

    US Dollar Index Challenges The 92.00 Area on NFP

    The selling pressure continues in DXY and fell to the 92.00 area on Friday. It is testing sub-92.00 for a brief period on Friday after the non-farm payrolls data came in a surprisingly bearish direction in August. The US economy added 235,000 jobs last month, compared to the 750,000 jobs …

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  • 3 September 2021 4:31 pm

    US Nonfarm Payrolls Rise by 235,000 in August

    Nonfarm Payrolls (NFP) in the US rose by 235,000 in August, the data published by the US Bureau of Labor Statistics showed on Friday.

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  • 3 September 2021 3:19 pm

    Eurozone Retail Sales Weaker Than Expected in July

    Eurozone

    Eurozone retail sales, an indicator of consumer demand, posted much weaker-than-expected figures in July, mainly due to a sharp drop in the number of goods purchased online. The European Union statistics office Eurostat said on Friday that retail sales in the 19 countries dealing with the single currency fell 2.3 …

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  • 3 September 2021 3:17 pm

    IHS Markit Index: Strong Eurozone Business Activity in August

    Business activities in the eurozone remained strong last month despite concerns about the delta strain of the coronavirus and widespread problems in supply chains, according to a survey indicating that the bloc’s economy could return to pre-Covid-19 levels by the end of the year. The final reading of the IHS …

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  • 3 September 2021 2:09 pm

    Weak Dollar Supports Gold Ahead of US Jobs Data

    Gold prices rose on Friday, supported by a weak dollar, as investors awaited US jobs data to learn about the Federal Reserve’s plans to start reducing asset purchases. Gold rose in spot transactions 0.2% to $ 1812.97 an ounce by 0641 GMT, and it fell 0.2% for the week. US …

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  • 3 September 2021 1:30 pm

    European shares Fall Before US PMI And NFP

    European shares fell on Friday, ahead of US employment data that could affect the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth took a toll on sentiment. The pan-European Stoxx 600 index fell 0.2% but was on track for limited weekly gains. Banks and financial services stocks, …

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  • 3 September 2021 12:42 pm

    Japan Shares Reach 3-Decade High as PM Announces Stepping Down

    Japanese stocks rose, while the broad Topix index reached its highest level in more than 30 years, after Prime Minister Yoshihide Suga tendered his resignation, paving the way for a new government that could help the ruling coalition win the upcoming elections. The Nikkei index rose 2.04% to 29,128.11 points, …

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