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.
Read More »Turkish Lira Faces Renewed Pressure as Inflation Risks and Policy Uncertainty Intensify
The Turkish Lira remains under pressure as markets reassess the country’s inflation outlook and the …
Bitcoin Stabilizes Above $75K as Global Tensions Fuel Market Whiplash
Digital asset markets are navigating a sharply volatile phase as geopolitical uncertainty continues …
AI Giants Race Toward IPO: Can OpenAI and Anthropic Sustain Their Massive Valuations?
As the artificial intelligence boom accelerates, OpenAI and Anthropic are moving closer to what coul…
Wall Street Retreats from Record Highs as U.S.-Iran Brinkmanship Threatens Ceasefire and Oil Supply
Key Takeaways: Equities pull back: The S&P 500 and Nasdaq opened lower, retreating from last wee…
European Stocks Slide as U.S.-Iran Hostilities Reignite Strait of Hormuz Fears
Key Takeaways: Broad market sell-off: The pan-European Stoxx 600 dropped 1.0%, with Germany’s DAX an…
Bitcoin Slips Below $75K as Middle East Tensions Reignite Risk-Off Sentiment; Polymarket Eyes $15B Valuation
Key Takeaways: Bitcoin retreats: The world’s largest cryptocurrency fell below the psychological $75…
Gold Stumbles as Resurgent Oil and U.S.-Iran Clashes Reignite Inflation Fears
Key Takeaways: Gold retreats: Spot gold fell 0.9% to $4,786.02 an ounce, pressured by a rebounding U…
Oil Surges as U.S. Seizes Iranian Cargo Ship and Tehran Slams the Strait of Hormuz Shut
Key Takeaways: Crude Spikes: Brent crude jumped as much as 7% to $97.50 a barrel following rapid geo…
Weekly Roundup: Geopolitical Factors Move Markets Amid Sudden Truce, Managed Chaos
This was by no means an ordinary week. Five consecutive days condensed months of geopolitical tensio…
Private Debt Under Fire As Wall Street Braces for Impact
The private credit market — a sprawling, largely opaque corner of finance worth nearly $2 trillion —…
Market Analysis
September, 2021
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3 September 2021 3:19 pm
Eurozone Retail Sales Weaker Than Expected in July
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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3 September 2021 3:02 am
Federal Reserve Decision Gives Extra Importance for August Jobs Numbers
Markets are anticipating the release of August’s employment data in the United States on Friday, with expectations that it will show yet another improvement in the jobs market. A recent survey by WSJ shows that nonfarm payrolls (NFP) increased by 720,000, after a rise of 943,000 in July, with the …
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3 September 2021 2:35 am
European Union Fines on WhatsApp
The European Union has decided to impose a EUR 225 million fine on WhatsApp, the messaging application owned by Facebook, due to breaching data protection rules. The EU Data Protection Commission in Ireland decided to impose the fine and require that WhatsApp changes how it explains terms, conditions, and privacy …
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3 September 2021 2:20 am
Canada Records Surplus with Record High Trade Levels
Canada registered a trade surplus in July with both imports and exports hitting new record high levels, according to the most recent data. The trade surplus reached CAD 778 million, with exports rising 0.6% and imports surging by 4.2%, as per Statistics Canada. June’s reading was revised to show a …
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3 September 2021 2:00 am
U.S. Treasury Bond Yields Edge Lower
U.S. Treasury bond yields declined slightly on Thursday, with investors anticipating the jobs report and other major economic data. The benchmark 10-year Treasury bond yields eased to about 1.29% down from 1.301% on Wednesday. Meanwhile, the 30-year Treasury bond yield went near 1.905%, down from 1.919%. The return on the …
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3 September 2021 1:35 am
Oil Finishes Higher amid Hurricane Ida
Oil prices rose on Thursday, with the recent decision and market forecasts by the OPEC+ sinking in and being properly digested by investors with the focus tilting towards coming economic data. In addition, Hurricane Ida are impacting crude oil and fuels supply chain in North America. Brent crude futures for …
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3 September 2021 12:45 am
Gold Closes Lower for Second Session in Row
Gold prices declined on Thursday, for the second consecutive session despite the U.S. Dollar (USD) and Treasury bond yields decreasing, falling for the third time this week. The yellow metal front-month futures lost $4.40 or 0.24% to finish at $1808.70 per ounce. This is the lowest closing level for gold …
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2 September 2021 8:35 pm
U.S. Factory Orders Rise 0.4%
Factory orders in the United States increased by 0.4% in July, data by the U.S. Department of Commerce showed on Thursday. Meanwhile, orders for durable goods decreased by 0.1%, while nondurable goods orders leveled up by 0.9%. Orders for capital goods, excluding aircraft and military items, increased by 0.1%.
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