The Sterling Pound (GBP) is declining against the U.S. Dollar (USD) on Thursday, with the greenback fluctuating against major currencies but mostly maintaining the positive territory. Meanwhile, the British Pound has declined to its level in roughly two weeks after data showed that the United Kingdom’s economy grew faster than …
Read More »US Nonfarm Payrolls Surge by 175,000 in April
The latest report from the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls (NFP) …
Inflation in Türkiye rose near 70%, recording the highest level since 2022
Official data released on Friday revealed that annual consumer price inflation in Turkey surged to 6…
European stocks rise thanks to banking results and technology sector gains
European stocks opened higher on Friday amid a state of joy among investors with a group of strong r…
JPY is heading for its best weekly performance in more than a year, USD is declining
The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propel…
Gold heading lower for the second week ahead of US jobs data
Gold prices are heading to decline for the second week in a row, despite the stability of prices on …
April 2024 US Employment Data Projections
Today marks the eagerly anticipated release of the most crucial US employment data, the Non-Farm Pay…
Market Drivers; US Session, May 2
The US dollar was not able to sustain the initial optimism and suffered additional selling pressure …
Apple tops earnings expectations
Although Apple’s quarterly sales were 4% lower than they were a year ago, the corporation neve…
Investors’ appetite for Tech rises ahead of Apple’s earnings
Awaiting Apple’s earnings, scheduled after the bell, investors’ enthusiasm for technolog…
Bitcoin recovers after crypto washout, Fed decision
After losses during the past trading session, Bitcoin is making an attempt to recover. After plungin…
Market Analysis
August, 2021
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12 August 2021 10:23 pm
M&A Global Activity Has Already Exceeded 2020 Levels
The total value of global merger and acquisition (M&A) so far this year, has already exceeded that of last year, amounting to $3.6 trillion year-to-date, according to recent data by Refinitiv. A large chunk of this volume took place in the United States, where $2.14 trillion worth of M&A deals …
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12 August 2021 9:03 pm
European Stocks Maintain Rally and Hit New Record High
European stocks closed higher on Thursday, managing to break yet another record high rising the ninth consecutive session, supported by an improved risk appetite among investors who are monitoring earnings reports and merger and acquisition deals. The STOXX Europe 600 index added 0.52 points or 0.11% to close at a …
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12 August 2021 5:27 pm
U.S: Annual PPI Rises to 7.8% in July
The Producer Price Index (PPI) in the US for final demand rose to 7.8% on a yearly basis in July from 7.3% in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in higher than the market expectation of 7.3%. On a …
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12 August 2021 4:44 pm
Weekly Initial Jobless Claims Decline to 375K
There were 375,000 initial claims for unemployment benefits in the US during the week ending August 7, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 387,000 (revised from 385,000) and matched the market consensus.
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12 August 2021 3:54 pm
OPEC Leaves 2021 And 2022 World Oil Demand Growth Forecasts Unchanged
In its monthly report published on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) announced that it left the 2021 and 2022 world oil demand growth forecasts unchanged despite concerns over Delta variant weighing on energy demand. OPEC currently expects the global demand to rise by 6.6%, or 5.95 …
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12 August 2021 3:21 pm
Turkey: CBRT Leaves Policy Rate Unchanged at 19%
The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 19% as expected. “Taking into account the high levels of inflation and inflation expectations, the current tight monetary policy stance will be maintained decisively until the significant fall …
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12 August 2021 2:53 pm
European Shares Stabilize on Strong Earnings And M&A Activity
European shares stabilized, trading slightly below record highs, as strong profits achieved by a group of insurance companies and mergers and acquisitions activities in Britain helped offset the decline in mining companies. The pan-European Stoxx 600 index settled in morning trading after eight consecutive days of record gains. British insurer …
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12 August 2021 1:44 pm
Dollar Drops Off 4-Month High as Inflation Fears Recede
The dollar hit just under a four-month peak against major peers on Thursday as currency traders digest data from the previous day showing that US inflation may be flailing. The dollar index, which measures the performance of the US currency against a basket of six rival currencies, was unchanged at …
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12 August 2021 1:12 pm
Oil Stabilizes on Supply Concerns Sparked by a US Call For Higher Production
Oil prices fell after two days of gains after the United States, the world’s largest oil consumer, urged major producers to increase production, bolstering supply concerns as economies ease restrictions imposed to combat the Coronavirus. Brent crude futures fell 17 cents, or 0.2 percent, to $71.27 a barrel in Asian …
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12 August 2021 12:26 pm
Gold Rises as Concerns Recede Over US Federal Reserve Subsidy Cut
Gold prices rose, as concerns about an early cut in economic support eased after data revealed that consumer price inflation in the United States cooled in July, sending the dollar lower. And gold rose in immediate transactions 0.1% to $ 1753.90 an ounce in Asian trading, after recording its largest …
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12 August 2021 11:29 am
Japan Shares Fall as Chips Hit by Outlook Fears
Japanese stocks fell, after gains for four straight sessions, as chip-related stocks were hit by fears that their best days may be over with supplies returning. The worsening coronavirus infections in the country have negatively affected travel-related sectors, while waning support for Prime Minister Yoshihide Suga has raised further concerns …
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12 August 2021 11:03 am
Britain’s economy grew 1% faster than expected in June
Official data revealed that Britain’s economy grew faster than expected at 1 percent in June. A Reuters poll of economists had indicated a 0.8 percent growth in gross domestic product on a monthly basis. The Office for National Statistics also revised its growth estimate for May down to 0.6 percent …
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