Consumer confidence in the US has strengthened modestly in December according to the University of Michigan’s preliminary estimate of the Consumer Sentiment Index. The reading of the index surged to 70.4, up compared to only 67.4 in November. This data comes above market expectations at 67.1. In the meantime, the …
Read More »Oil Prices Recover Amid Improved Market Sentiment
Amid broad market sentiment rebound, WTI crude oil bounced back above $77.55 per barrel, up 1.11%. C…
Canadian Dollar Recovers Following Dismal Retail Sales
The Canadian dollar has recovered some losses but remains down for the week. The data shows a furthe…
Forex Investors Focus on PCE, Statements by Fed Officials
The improved sentiment in the dollar came in line with hawkish FOMC Minutes and another set of posit…
Policymaker: ECB’s first rate cut can be in June, second in September
Bundesbank President Joachim Nagel has advised the European Central Bank (ECB) to exercise caution i…
G7 warns of China’s trade war risks
European finance ministers from the Group of Seven major industrialized nations on Friday called on …
Oil Prices Stabilize Amid Fed Comments and U.S. Fuel Demand
Oil prices held steady on Friday as investors weighed the latest remarks from the U.S. Federal Reser…
European Stock Markets Dip Amid Interest Rate Concerns
European stock markets declined on Friday, mirroring the global negative sentiment driven by worries…
Gold Steadies Amid Rate Jitters; Copper Stabilizes After Record Highs
Gold Prices Steady in Asian Trade Gold prices steadied in Asian trade on Friday, but the yellow meta…
Asian Markets Tumble Amid U.S. Inflation Concerns and Escalating Middle East Tensions
On Friday, most Asian stock markets declined, mirroring the negative sentiment from Wall Street as p…
US stocks decline following US data, FOMC minutes
US stocks are under pressure to decline as a result of the negative mood that pervaded the markets o…
Market Analysis
December, 2021
-
10 December 2021 7:17 pm
Switzerland To Launch New Covid-19 Restrictions On 14 December
The Swiss government is considering further of Covid-19 restrictions in order to contain a recent rise in infections. The government is considering imposing new rules to restrict indoor public access to vaccinated and naturally immune individuals, whilst indoor locations where face masks cannot be worn would require negative tests for …
Read More » -
10 December 2021 5:32 pm
Oil Prices Are Falling, But They Are Heading For The Largest Weekly Gain Since Late August
Oil prices fell in trading on Friday, but they are still on track to achieve their biggest weekly gains since late August, as easing concerns about the Coronavirus variable “Omicron” on global growth and fuel demand affected market sentiment. Both Brent and West Texas Intermediate were on track to rise …
Read More » -
10 December 2021 4:26 pm
US Stock Futures Rise With Ahead of Inflation Data
The futures contracts for US stock indices recorded a slight increase today, Friday morning, before the opening of trading, after falling yesterday evening, as the markets’ fears about the new Omicron parameter subsided, at the same time that investors awaited the report of the US Consumer Price Index (CPI) for …
Read More » -
10 December 2021 3:09 pm
European Shares Decline Ahead of US Inflation Data
European shares fell on Friday on nervousness related to the increase in infections with the Covid-19 disease and ahead of the release of US inflation data later, which led to caution overshadowing sentiment. The pan-European Stoxx 600 index was down 0.4 percent, following a broader risk aversion in global stock …
Read More » -
10 December 2021 2:26 pm
Gold is Heading For Its Fourth Weekly Decline Due to Concern Ahead of US Inflation Data
Gold prices rose on Friday, but are heading for a fourth consecutive weekly decline, as investors stay away from big bets ahead of inflation data in the United States that may prompt the Federal Reserve to reduce its bond purchases at a faster pace. Spot gold rose 0.2 percent to …
Read More » -
10 December 2021 2:06 pm
The Turkish Lira is Hovering Near Its Lowest Level Against The Dollar
The Turkish lira fell by about 0.8 percent against the dollar on Friday, as investors continued to fear low-interest rates and high inflation, which pushed the lira towards a record low it reached last week. After it plunged to 13.9095, the lira settled at 13.8750 against the US currency. The …
Read More » -
10 December 2021 12:50 pm
Nikkei Closes Lower But Achieves First Weekly Gain in 3 Weeks
Japanese shares fell on Friday due to a decline in technology shares and caution ahead of US inflation data. Still, they posted their first weekly gains in three weeks as concerns eased about the impact of the new Omicron strain of the Coronavirus on the pace of economic recovery. The …
Read More » -
10 December 2021 4:03 am
Market Drivers – US Session – 9-12-2021
Traders are eying key economic data on Friday. Consumer inflation forecast to accelerate to 6.8% annually from 6.2% while Core CPI expected to rise to 4.9% from 4.6%. Producer prices, The monthly increases are predicted to be 0.7% in the headline rate and 0.5% in the core.Wages point to still …
Read More » -
10 December 2021 3:29 am
White House: US, Allies Will Respond To Russia’s Aggression
“US and its allies would respond to Russia’s aggression,” said the White House early Friday. The news came after chatters that Russia rejected Ukraine’s proposal to strengthen the July 2020 ceasefire.The White House communiqué also mentioned that US President Joe Biden reaffirmed the United States’ unwavering commitment to Ukraine’s sovereignty …
Read More » -
10 December 2021 2:49 am
Inflation, Stimulus Two Key Questions ECB Seeks To Answer
The two major questions that the European Central Bank will have to answer are: (1) Will inflation eventually settle at its target? and (2) Are asset purchases still useful?ECB policymakers are hoping that too-high inflation will prove transitory and eventually subside. Since the pandemic struck, the European Central Bank has …
Read More » -
10 December 2021 2:25 am
New Zealand’s Manufacturing Activity Retreats in November
New Zealand’s manufacturing sector witnessed a lower level of expansion in November, according to an economic survey released early Friday.The BNZ-Business New Zealand Performance Manufacturing Index (PMI) for November dropped 3.6 points to 50.6, which was still in expansion, but at slower rate than was seen in the first half …
Read More » -
10 December 2021 2:09 am
Senate Inaugurates Plan To Manage US Debt Ceiling
The US Senate voted on Thursday to advance a bill to create a fast-track process allowing Democrats to raise the federal debt limit without votes from Republicans, a crucial next step as lawmakers race the clock to avert a catastrophic debt default. A first-ever default would trigger financial disaster and …
Read More »