Japanese stocks were mixed at the close Friday, June 4, affected by growth-related stocks, while investors awaited the important US jobs report, which may increase concerns about inflation and talk of reduced purchases by the Federal Reserve. The Nikkei index closed down 0.40% to 28,941.52 points after two days of …
Read More »Euro Slips Against Yen as Central Banks Diverge
The Euro weakened against the Japanese Yen on Thursday as investors weighed contrasting signals from…
Wall Street Surges as Inflation Cools and AI Momentum Returns
U.S. markets staged a powerful rebound Thursday, lifted by a cooler‑than‑expected inflation reading …
Euro Strengthens as Improved Outlook Lifts Market Confidence
The euro moved higher after Europe’s central bank kept its policy settings unchanged, a decision tha…
ECB Holds at 2% as Inflation Near Target, but Services Keep Policymakers Cautious
The European Central Bank (ECB) left interest rates unchanged on Thursday, keeping the deposit rate …
BoE Cuts Rates to 3.75% as Inflation Cools and Growth Weakens
The Bank of England (BoE) cut its benchmark interest rate on Thursday, as widely expected, respondin…
U.S. Futures Climb as Micron’s AI Boost Offsets CPI Nerves
U.S. stock index futures traded higher early Thursday, with Micron’s blowout results and upbeat guid…
Bitcoin Edges Higher Above $88,000 as ETF Outflows and Fed Uncertainty Cap Gains
Bitcoin ticked modestly higher on Wednesday, trading back above the $88,000 level after earlier loss…
Dollar Edges Higher Ahead of U.S. Inflation Data and Key Central Bank Decisions
The U.S. dollar traded slightly higher on Thursday, extending recent gains as investors positioned a…
Gold Dips Slightly as Silver and Platinum Outperform Ahead of U.S. CPI and Major Central Bank Decisions
Gold prices edged modestly lower in Asian trading on Thursday, while silver hovered near record high…
Oil Prices Climb as Geopolitical Flashpoints Rekindle Supply Fears
Global energy markets saw a noticeable uptick in oil prices as rising geopolitical tensions fueled f…
Market Analysis
June, 2021
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4 June 2021 5:51 am
Fed’s Decision on Corporate Bonds Signals Beginning of Policy Tweaks
The U.S. Federal Reserve on Wednesday announced that it will begin reducing its purchases of corporate assets, as the economy recovers from the coronavirus pandemic. The Fed believes that such support measurement was needed in the midst of the recession caused by the pandemic, noting that now is time to …
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4 June 2021 5:06 am
NYSE Closes Lower Ahead of Jobs Report
The New York Stock Exchange (NYSE) finished lower on Thursday, with tech stocks leading the decline. In addition, a rise in Treasury bond yields to their highest level in more than two weeks weighed on the stock market. The Dow Jones Industrial Average slipped by 23.34 points, or 0.07%, to …
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4 June 2021 4:30 am
Oil Closes Lower on U.S. Gasoline Inventory Buildup
Oil prices finished marginally lower on Thursday, despite the huge drop in U.S. crude inventories, as a surprise buildup in gasoline and distillates stockpiles led to some concerns about the pace of demand recovery. However, oil futures remain mostly elevated supported by the market stability assured by the recent decision …
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4 June 2021 4:06 am
Gold Drops and Loses $1,900 Key Support Level
Gold prices fell on Thursday to close below the $1,900 level, losing an important support level and finishing at the lowest level in about three weeks. The rise of the U.S. Dollar (USD) against major peers and the elevated risk sentiment among investors, both on the back of the positive …
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4 June 2021 2:00 am
Dollar Near Three-Week High on Positive Data
The U.S. Dollar (USD) rose on Thursday to its highest level in about three weeks, as positive economic data showed a drop in jobless claims, the biggest surge in private payrolls in about a year, and an improvement in the services and manufacturing sectors. Moreover, markets are anticipating tomorrow’s release …
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3 June 2021 11:30 pm
European Stocks Close Mostly Lower Despite Positive Data
European stocks showed a mixed performance on Thursday, as positive economic data boosted investors’ sentiment amid anticipation for the May jobs report in the U.S. The STOXX Europe 600 index lost 0.12% to close at 450.79 points, after finishing at a new record high on Wednesday. Meanwhile, the basic resources …
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3 June 2021 10:03 pm
EIA Reports Weekly Rise in U.S. Natural Gas Supplies
Natural gas inventories in the United States increased by 98 billion cubic feet (bcf) last week, according to estimates by the U.S. Energy Information Administration (EIA). The EIA weekly report showed on Thursday that natural gas supplies reached 2.313 trillion cubic feet, decreasing by 386 bcf compared with the same …
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3 June 2021 8:51 pm
U.S. Oil Inventories Drop More Than Expected
Crude oil inventories in the United States dropped more than expected last week, according to the latest official data released on Thursday. Inventories plunged by 5.08 million barrels, more than double the decrease of 2.4 million barrels that was expected by market analysts, the Energy Information Administration (EIA) report for …
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3 June 2021 7:35 pm
Data Shows Strong Growth in U.S. Services Sector
The U.S. services sector’s economic activity expanded in May, maintaining growth for the 12th month in a row, data showed on Thursday. The Institute for Supply Management(ISM) Services Purchasing Managers Index (PMI) reached a new all-time record high in May, registering 64%, after rising by 1.3% compared with its level …
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3 June 2021 5:53 pm
The Fed Will Start Winding Down a Program That Saved The US Economy
The Federal Reserve said on Wednesday it will begin reducing its holdings of corporate bonds it bought last year through an emergency lending program it launched to calm credit markets at the peak of the COVID-19 pandemic. The US Central Bank indicated that the sale of its holdings of corporate …
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3 June 2021 5:38 pm
US: Weekly Initial Jobless Claims Decline to 385K
There were 385,000 initial claims for unemployment benefits in the US during the week ending May 29, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in better than the market expectation of 395,000 and followed the previous print of 405,000 (revised from …
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3 June 2021 5:09 pm
US: Challenger Job Cuts Rise to 24,586 in May
Planned job cuts in the US-based employers rose to 24,586 in May from 22,913 in April, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.
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