What we can expect from European Central Bank Meeting
What we can expect from European Central Bank Meeting Scarring affects from a pandemic, energy crisis, Italian politics, and unprecedented inflationary pressures, ECB has a very difficult job. We are definitely expecting a rate hike on Thursday, which will be the first since 2011. What will be the size of that hike, no one knows. […]
All eyes on Europe – Huge volatility expected in EU equities
All eyes on Europe – Huge volatility expected in EU equities The platform is set to start the new week on a positive footing after the solid retail sales last Friday. The index of US500 closed retail at absolute highs after the Friday gain of 1.9% which brought the loss on the week to 1%- […]
Upcoming Market Updates : NZD, GBP, EURO, CAD, USD
Upcoming Market Updates : NZD,GBP,EURO, CAD, USD Time 01:30 AM GMT+3 NZD: Business NZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 01:45 AM GMT+3 NZD: CPI q/q, it measures change in the price of goods and services purchased by consumers. Time 02:01 AM GMT+3 GBP: Rightmove HPI m/m, […]
AUD low confidence on business conditions by uncertainty globally
AUD low confidence in business conditions by uncertainty globally This week’s data from Australia highlighted the growing big difference between current activity and confidence. The business conditions continue to show strength across the economy, confidence has fallen below its long-run average. Arguably this deterioration stems from the availability and price of labor and other inputs […]
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD Time 01:30 AM GMT+3 NZD: BusinessNZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 05:00 AM GMT+3 CNY: GDP q/y, it measures change in the inflation-adjusted value of all goods and services produced by the economy. Time 07:30 AM GMT+3 JPY: Tertiary Industry […]
CPI Hits Another Four-Decade High USD rises.
CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6% one month earlier and expected […]
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD Time 02:01 AM GMT+3 GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. Time 04:00 AM GMT+3 AUD: MI Inflation Expectations, it measures percentage that consumers expect the price of goods and services to change during the next 12 months. Time […]
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD Time 01:45 AM GMT+3 NZD: FPI m/m, it measures change in the price of food and food services purchased by households. Time 05:00 AM GMT+3 NZD: Official Cash Rate, it measures interest rate at which banks lend balances held at the RBNZ to other banks […]
Worst Quarter for Metals Cap since 2008 due to Global Recession
Worst Quarter for Metals Cap since 2008 due to Global Recession Base metals experienced their greatest quarterly decline since the global financial crisis of 2008 as worries about a worldwide recession increased and China’s economy very slowly recovered. Although the decrease has been accentuated by price spikes that month as a result of Russia’s invasion […]
In the first half, US stocks fell by the most since more than 50 years
In the first half, US stocks fell by the most since more than 50 years The first half of the year for US stocks was the worst in more than 50 years as a result of a collapse that was started by the Federal Reserve’s attempt to stop persistent inflation and accelerated by growing fears […]
Oil declines 2% as fuel supplies and output rise in U.S.A
Oil declines 2% as fuel supplies and output rise in U.S.A On Wednesday, oil prices fell by around 2% as concerns about a shortage of crude oil were somewhat offset by an increase in gasoline and distillate stocks in the United States and concerns about weaker global economic growth. Brent futures for August delivery decreased […]
U.S. stocks fail to change much as the quarter end approaches
U.S. stocks failed to change much as the quarter end approaches As investors analyzed remarks made by central bankers at a panel in Europe and anticipated more quarterly profit reports, U.S. stocks ended the day with no movement. On Wednesday, the Dow Jones Industrial Average rose 82.32 points, or 0.3%, to 31029.31. The NASDAQ Composite […]
Over the past 24 hours, crude oil prices increased while gold prices decreased
Over the past 24 hours, crude oil prices increased while gold prices decreased Over the past 24 hours, gold prices have been trending marginally lower as crude oil prices managed to end the day positively. An increase in the US dollar, which resulted from risk aversion as the tech-heavy Nasdaq 100 fell more than 3 […]
Stocks drop following poor consumer confidence reading
Stocks drop following poor consumer confidence reading As investors analyzed new economic data in search of hints regarding the rate of monetary policy tightening, U.S. stocks declined on Tuesday, giving up early gains and sliding for a second straight day. To reach 30946.99, the Dow Jones Industrial Average fell 491.27 points, or 1.6 percent. Earlier […]
UAE claims it has no spare capacity, oil prices jump by 1%
UAE claims it has no spare capacity, oil prices jump by 1% The energy minister of the United Arab Emirates stated that the country is producing near capacity, defying expectations that this could assist boost supply in a tight market. As a result, oil prices increased by nearly 1% in early Asian trade on Tuesday. […]
Stock Market declines following massive rally last week
Stock Market declines following massive rally last week U.S. stocks declined on Monday, erasing some of the gains made during a surge last week as expectations for the direction of interest-rate rises by the Federal Reserve softened. Early gains were erased by the S&P 500, which dropped 11.63 points, or 0.3 percent, to close at […]
Gold prices increase as ban on new Russian imports
Gold prices increase as ban on new Russian imports Gold prices rose on Monday as speculation grew that some Western countries could formally forbid the import of the metal from Russia in response to that country’s invasion of Ukraine. By 0231 GMT, spot gold increased 0.5 percent to $1,835.58 per ounce. At $1,836.30, U.S. gold […]
After stock rebound week, stock futures are marginally higher
After stock rebound week, stock futures are marginally higher Following a significant recovery last week from this year’s sharp declines, U.S. stock futures increased marginally on Monday morning. Wall Street is getting ready to close out the worst first half for equities in decades despite the rebound. Futures for the Dow Jones Industrial Average increased […]