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Market Analysis

October, 2021

  • 26 October 2021 3:05 pm

    Elon Musk’s Fortune Jumps More Than 25 Billion Dollars in One Day

    Tesla CEO Elon Musk’s fortune jumped $25.6 billion after his company’s shares jumped more than 12% to surpass $1 trillion in market value. According to the Forbes Rich List, Elon Musk’s fortune rose to $255.2 billion from $229.6 billion, or 11% in trading on Monday, October 25. Tesla shares rose …

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  • 26 October 2021 2:01 pm

    Turkish Lira Recovers

    The Turkish lira jumped more than 1.5 percent on Tuesday in its biggest rally since mid-June, recovering from its biggest-ever drop the previous day, as Ankara and its Western allies weathered a potential diplomatic crisis. Ten foreign embassies said on Monday that they are committed to foreign agreements of non-interference …

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  • 26 October 2021 1:18 pm

    Market Drivers – Asian Session 26-10-2021

    The trading session was quiet for most of the Asian session. The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US stocks pushed the Dow Jones Industrial Average and S&P 500 indexes to record levels. The Nikkei closed up 1.8 percent …

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  • 26 October 2021 12:57 pm

    Nikkei Rises, Supported by Wall Street Gains

    The Nikkei average rose on Tuesday, boosted by optimism about corporate business results, and after overnight gains in US, stocks pushed the Dow Jones Industrial Average and Standard & Poor’s 500 indexes to record levels. The Nikkei closed up 1.8 percent to 29106.01 points, after rising at the open and …

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  • 26 October 2021 12:33 pm

    Gold Hovers Near $1800 an Ounce

    Gold fell in Tuesday morning trading in Asia. While the dollar, which usually moves in reverse with gold, rose 0.07% on Tuesday, recovering from a one-month low hit during the previous session. Gold futures were also down 0.07% at $1,805.55 by 11:15 PM ET as investors await this week’s key …

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  • 26 October 2021 3:58 am

    Market Drivers – U. S. Session 25-10-2021

    Gold prices, Monday, sum up the whole market scene in terms of market sentiment and risk appetite. The yellow metal rose about 1% as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings later on during the current …

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  • 26 October 2021 3:02 am

    Will Evergrande become an electric carmaker?

    China’s Evergrande is starting to pay its overdue debt and restart some of its stalled real estate projects, but it is signaling that it wants to move away from housing and focus on building electric vehicles.According to Chinese state media, Chairman Xu Jiayin announced that the firm wants to make …

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  • 26 October 2021 1:54 am

    Gold prices rise as bond yields retreat

    Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.The U. S. dollar rebounded and closed up on the day, but that failed to impact the rally in the …

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  • 26 October 2021 1:35 am

    EUR/USD retreats on Eurozone economy expectations

    The EUR/USD has been trading on a bullish trend throughout the last two weeks, with an increase from 1.1520s to 1.1660s, although this climb was more of a reaction of the larger downtrend, and it seems to have ended now.The US economy is speeding up again, as it enters another …

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  • 26 October 2021 12:10 am

    Why is IFO Business Index for Germany Disappointing?

    The IFO Institute’s Business Climate index for Germany declined to 97.7 in September, which is significantly below expectations of a 98.2 result. The unexpected drop in business sentiment was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.This forex …

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  • 25 October 2021 11:57 pm

    U. S. Shares continue surging on corporate earnings

    U.S. stocks rose as traders watch earnings reports from technology heavyweights including Facebook, while keeping in mind inflation-related concerns and rising Covid-19 risks. Energy and materials sectors are on the lead of the S&P 500 higher after the index whipsawed traders at the start of Monday’s U. S. session. PayPal …

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  • 25 October 2021 10:59 pm

    MagnaChip semiconductor shares surge backed by revenues

    Shares of South Korean semiconductor manufacturer MagnaChip Semiconductor jumped out of the gate Monday and are up 4.3% after the company crushed its Q3 earnings report versus $0.22 per share on $126.9 million in sales.As financial statements were announced, the company reached that sales target, booking $127 million in revenue. …

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  • 25 October 2021 10:40 pm

    Fed member: U. S. community banks under threat

    Regulation and low profits pose threats to the U. S. community banking sector according to Michelle Bowman; member of the Federal Reserve Board.Speaking to a community bankers’ symposium at the Federal Reserve Bank of Chicago, Bowman noted that only 44 new banks had been chartered in the last decade.Bowman said …

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