Numerous unions in the Nordic region have become involved in the labour dispute between Tesla and Swedish trade union IF Metall, calling on the automaker to sign a collective bargaining agreement.A strike by around 130 workers affiliated with IF Metall on October 27 has sparked sympathy strikes from dockworkers, cleaners, …
Read More »Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal b…
EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Market Analysis
December, 2023
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7 December 2023 8:40 pm
Gold prices stabilize on diving dollar post US Jobless Claims
Gold gains as more major central banks increase their bets on rate cuts in early 2024. The precious metal is receiving additional support from the cautious sentiment of the market. Gold is trading at 2029.38 at the time of writing.Early on Thursday in the European session, the price of gold …
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7 December 2023 7:42 pm
US Dollar sinks post lower than expected jobless numbers
The US dollar has been declining versus the Japanese yen over time, and the unemployment rate has not changed. The Japanese Yen is hurting the dollar because Bank of Japan Chairman Kazuo Ueda hinted at an impending shift in monetary policy. Rates negative has been maintained by the Bank of …
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7 December 2023 4:54 pm
Moody’s lowers its outlook on 8 Chinese banks to negative
Moody’s lowered its outlook for 8 Chinese banks to negative from stable, after lowering Beijing’s outlook to negative. The names that were downgraded included the four largest lenders in China, namely Industrial and Commercial Bank of China, Agricultural Bank of China, and China Construction Bank Corporation. The agency said that …
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7 December 2023 3:10 pm
Gold rises with the decline in dollar strength and anticipation of US jobs data
Gold prices rose on Thursday as the dollar fell as investors looked to US jobs data that will be released later this week and may provide new clues on the Federal Reserve’s path on interest rates. Gold rose 0.3 percent to $2,030.20 an ounce by 0748 GMT. US gold futures …
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7 December 2023 3:08 pm
European stocks decline, pressured by economic slowdown fears
European stocks fell on Thursday, with travel and entertainment stocks leading the losses, as investors became increasingly concerned about an economic slowdown after recent weak data. The European STOXX 600 index fell 0.3 percent by 0810 GMT, after touching the peak of more than four months yesterday, Wednesday. Data showed …
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7 December 2023 1:53 pm
China’s crude oil imports record their first year-on-year decline since April
Customs data showed on Thursday that China’s crude oil imports in November fell 9.2 percent year-on-year, the first annual decline since April as high inventory levels, weak economic indicators and a slowdown in orders from independent refineries weakened demand. According to the General Customs Administration, the total imported crude oil …
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7 December 2023 1:21 pm
Euro declines as bets on interest rate cuts increase
The euro fell to its lowest level in more than three weeks on Thursday as traders increased bets that the European Central Bank will begin cutting interest rates starting in March 2024, while the dollar stabilized ahead of the release of important jobs data this week. The euro fell 0.07 …
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7 December 2023 12:46 pm
Nikkei declines, tracking Wall Street as US jobs data awaits
Japan’s Nikkei index fell sharply on Thursday after Wall Street fell overnight ahead of the release of key jobs data that would provide clues on how quickly the Federal Reserve (US central bank) might start cutting interest rates. The Nikkei Nikkei fell 1.76 percent to 32,858.31 points at close, with …
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6 December 2023 10:17 pm
Canada’s dollar achieves limited gains post BoC’s policy decision
The Canadian dollar is experiencing limited gains on Wednesday, but is still struggling to recover lost ground after the Bank of Canada held its benchmark interest rate at 5%, in line with market expectations. The Canadian dollar is seeing a step up against most major currency blocs but remains down …
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6 December 2023 10:04 pm
US stocks trading flat post ADP data
US stocks were little changed on Wednesday as investors looked to data that signaled more cooling in the labor market. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all traded flat after the gauges closed Tuesday mixed.On Wednesday, fresh signs of softening in the labour market were brought …
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6 December 2023 9:14 pm
Oil nosedives losing over 3% in US trading hours
WTI Oil is trading at 69.85 and is even expected to drop lower as US supply hits the export market. Oil looks set to sink even further as OPEC+ countries are reluctant to expand current production cuts. Brent Oil trades at $74.56 per barrel at the time of writing.The US …
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6 December 2023 8:33 pm
US dollar’s earlier gains erased post lower than expected ADP data
The US Dollar Index (DXY) could potentially snap its winning streak after the ADP print, as traders believe the ADP still holds above 100,000 despite undershooting estimates. The dollar is rolling over and trading in the red due to underperforming ADP figures, which have triggered risk on equities and seen …
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