Market Analysis

October, 2024

  • 7 October 2024 11:58 am

    European Stocks Slip as U.S. Jobs Euphoria Fades, Higher Bond Yields Pressure Real Estate and Utilities

    European stocks edged lower on Monday as the initial optimism from strong U.S. jobs data faded, with rate-sensitive sectors like real estate and utilities feeling the impact of rising bond yields. As of 0726 GMT, the pan-European STOXX 600 index had dipped 0.2%, with real estate and utilities sectors falling …

    Read More »
  • 7 October 2024 10:44 am

    Gold Prices Slip Amid Strong U.S. Payroll Data, Rate Cut Bets Shift

    Gold prices edged lower in Asian trading on Monday, retreating from recent record highs as stronger-than-expected U.S. payroll data tempered expectations for a significant interest rate cut by the Federal Reserve. The precious metal declined after the robust jobs data sent the U.S. dollar and Treasury yields higher, with traders …

    Read More »
  • 7 October 2024 10:03 am

    Asian Markets Climb, Led by Japan, Amid Strong U.S. Jobs Data and Optimism Over Chinese Stimulus

    Asian stock markets advanced on Monday, with Japanese equities leading the gains, as robust U.S. payroll data eased concerns about an economic slowdown. Hopes for additional stimulus measures in China also bolstered investor sentiment. Stocks in the region took positive cues from a strong rally on Wall Street last Friday, …

    Read More »
  • 7 October 2024 1:37 am

    Weekly Reap: Key Assets Have To Navigate Amid Uncertainties In Q4

    Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertainty surrounding four key factors: the US labour market, East Coast port strikes, Middle Eastern tensions, and the impending US presidential election. However, the previous trading week brought a glimmer of relief, as the US nonfarm …

    Read More »
  • 5 October 2024 12:46 am

    US stocks climb on upbeat sentiment after labour data

    The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed.The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations. US NFP net job gains soared to 254K on Friday, cudgeling market …

    Read More »
  • 4 October 2024 9:20 pm

    Gold slides following US NFP

    Gold prices are back in the positive territory after a steep selloff after the US NFP data, and traders are scratching their heads as to what has happened here. The data released today has made speculators shred their bets on another jumbo rate cut, and this impacted the price of …

    Read More »
  • 4 October 2024 7:54 pm

    US Dollar sees best trading week in two years following NFP print

    The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the Middle East together with further pared bets of big Fed rate cuts are fueling safe-haven inflows to the Greenback.The US Dollar Index moves higher and says goodbey to September’s tight range. The US Dollar ties …

    Read More »
  • 4 October 2024 7:11 pm

    Goolsbee Lauds September’s Jobs Report

    Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest job market report to be “superb” and noted that additional reports like this would increase his confidence that the US economy has reached full employment with low inflation. Key Quotes Do not want to react …

    Read More »
  • 4 October 2024 6:01 pm

    EUR/USD dragged lower following upbeat US labour data

    EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply below 1.1000 as US NFP surprisingly came in higher than estimates in September. The EUR/USD dips below the psychological support of 1.1000 in Friday’s New York session. The major currency weakens as upbeat United States …

    Read More »
  • 4 October 2024 11:46 am

    European Shares Subdued as Middle East Tensions Loom, Oil Stocks Offer Resilience

    European shares remained subdued on Friday as investors weighed the risks of an expanding conflict in the Middle East. However, strength in energy stocks helped prevent a further decline in the overall market. The pan-European STOXX 600 index held steady at 516.40 points as of 0709 GMT. Despite the resilience, …

    Read More »
  • 4 October 2024 10:27 am

    Dollar Holds Near Six-Week High Ahead of U.S. Jobs Report, Yen Surges After Turbulent Week

    The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid rising Middle East tensions and investor focus on the U.S. payrolls report, which could influence the future trajectory of U.S. interest rates. The dollar index, which tracks the greenback against six major currencies, stood …

    Read More »
  • 4 October 2024 9:44 am

    Oil Prices Hold Steady Amid Middle East Tensions, Heading for Weekly Gains

    Oil prices were relatively unchanged on Friday but remained on track for significant weekly gains as investors balanced the risks of potential supply disruptions due to escalating tensions in the Middle East against a well-supplied global oil market. As of 04:15 GMT, Brent crude futures slipped by 8 cents to …

    Read More »
  • 4 October 2024 12:50 am

    What can investors expect from looming NFP data?

    NFP

    As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expected to add 140K jobs in September, following a 142K expansion the previous month. The Unemployment Rate is expected to remain steady at 4.2% during the same period. Average Hourly Earnings is …

    Read More »