Breaking News

Market Analysis

December, 2021

  • 28 December 2021 8:19 pm

    US Factory Activity Accelerated in December, Richmond Fed

    Factory activity in the central Atlantic region of the US gained momentum in December compared with the previous month, according to a survey compiled by the Federal Reserve Bank of Richmond released Tuesday.The Fifth District Survey of Manufacturing Activity’s composite index increased to 16 in December from 12 in November, …

    Read More »
  • 28 December 2021 7:56 pm

    Futures Point To Positive Open For Wall Street

    On a quiet day of economic announcements, the investors are keenly observing factors impacting the stock markets, especially the spread of COVID-19 variant.Initial signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished mostly up, while European shares are trading mostly positive.The Dow futures …

    Read More »
  • 28 December 2021 7:22 pm

    WTI Back Above USD 76.00 As Traders Eying Omicron Risk

    WTI trades above USD 76.00, supported as Omicron pessimism is in focus during Tuesday’s US session and amid supply outages.WTI only trades about USD 2.0 below pre-Omicron levels above USD 78.00, suggesting fears of economic disruption have generally been assessed.Oil prices have trimmed earlier gains with front-month WTI futures currently …

    Read More »
  • 28 December 2021 6:12 pm

    Market Drivers – European Session 28-12-2021

    The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …

    Read More »
  • 28 December 2021 5:42 pm

    US Stock Index Futures Witness Record Highs

    The futures contracts for US stock indices rose significantly in trading on Tuesday morning, accompanied by a rise in the US dollar index after its decline over the past period since the US Federal Reserve meeting, and all this in light of the ongoing celebrations for the upcoming new year …

    Read More »
  • 28 December 2021 4:01 pm

    US Natural Gas Contracts Rise to Record Levels

    US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting US natural gas futures extended gains, after rising at the highest pace in two months, supported by snowstorms in parts of the country. And futures contracts for January delivery rose …

    Read More »
  • 28 December 2021 2:29 pm

    The safe-haven yen fell to its lowest level in a month as fears of Omicron subsided

    On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …

    Read More »
  • 28 December 2021 1:21 pm

    European Shares Rise, Driven by Wall Street Gains

    European shares rose to a five-week high on Tuesday, boosted by record gains on Wall Street, despite persistent omicron concerns as France tightened control restrictions while infections surged in Spain and Britain. The pan-European Stoxx 600 index rose 0.6 percent after rising 0.6 percent in the previous session, its highest …

    Read More »
  • 28 December 2021 12:30 pm

    Gold Prices Fall From a one-week High

    Gold prices retreated from a one-week high in weak trading on Tuesday after easing concerns about the mutated Omicron strain of the coronavirus and strong US retail sales data boosted risk appetite. And the price of gold in spot transactions 0.1 percent to 1809.68 dollars an ounce (an ounce) by …

    Read More »
  • 28 December 2021 11:38 am

    Oil Continues to Rise as Fears of Omicron Subside

    Oil prices continued to rise on Tuesday, approaching the highest level in a month reached in the previous session, thanks to expectations that the mutant Omicron of the Coronavirus will have only a limited impact on global demand. Brent crude rose 14 cents, or 0.1 percent, to $ 78.74 a …

    Read More »
  • 28 December 2021 11:02 am

    The Turkish Lira is Falling After Record Highs

    The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …

    Read More »
  • 28 December 2021 3:51 am

    Market Drivers – US Session – 27 Dec.

    Investors and traders quietly resumed activity immediately after turning from a long weekend, with a thrust of optimism as reports suggest that the Omicron variant is much less serious. Before the end of the trading session, news came from France about the reintroduction of restrictions on Omicron Covid-19 spike, the …

    Read More »
  • 28 December 2021 3:20 am

    Will Antitrust Versus Inflation Strategy Ease Biden’s Worries?

    As rising inflation threatens his presidency, US President Joe Biden is turning to the federal antitrust authorities to try to tame hot price increases that his administration believes are partly driven by a lack of corporate competition.Biden pushed the Agriculture Department to begin investigation on large meatpackers that control a …

    Read More »