Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other key correlated…
The Bank of Japan is considering conducting a thorough analysis on the country’s price dynamics and whether recent signs of quickening inflation would be sustainable, said two sources familiar with its thinking. The central bank may release some of the findings in a quarterly outlook report due at next week’s policy review and have Governor…
BOJ debates messaging on eventual rate hike as inflation perks up Bank of Japan policymakers are debating how soon they can start telegraphing an eventual interest rate hike, which could come even before inflation hits the bank’s 2% target, sources say, emboldened by broadening price rises and a more hawkish Federal Reserve. Dollar Lower…
Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe. U.S. West Texas Intermediate (WTI) crude futures slipped, Brent crude futures also is down Data from the U.S. Energy Information Administration on…
Asia shares stumble on weak China data, U.S. dollar heavy Asian shares were dragged lower by weakness in Chinese economic data on Thursday although investors seemed relieved that U.S. inflation data was not hot enough to force even faster monetary tightening by the Federal Reserve. Dollar Edges Lower; Brainard Testimony, PPI Data Due The…
U.S. retail investors have been dip-buyers so far in 2022, snapping up equities that funds have shed from their portfolios in light of a more hawkish Federal Reserve, but with a focus on quality stocks as opposed to speculative names. Growth and technology stocks, which typically generate lower returns in higher-interest rate environments, have had…
Analysis-Buy the bounce? Investors watch valuations, technical levels to decide As stocks attempt to climb back from a brutal sell-off, investors are watching a variety of metrics to decide whether to buy the rally or brace for more declines. The tech-heavy Nasdaq Composite Index closed up 1.4% on Tuesday, a day after falling more than…
The United States reported 1.35 million new coronavirus infections on Monday, according to a Reuters tally, the highest daily total for any country in the world as the spread of the highly contagious Omicron variant showed no signs of slowing. The previous record was 1.03 million cases on Jan. 3. A large number of cases…
Nokia to exceed 2021 guidance Finnish telecoms equipment maker Nokia (NYSE:NOK) on Tuesday said it expected to exceed its 2021 earnings guidance. The company said for 2022 it expected a comparable operating margin of 11% to 13.5%. Britain eyes shake-up in financial data market Britain signalled a shake-up in the availability and price of…
Oil prices edge up on Kazakhstan, Libyan supply worries Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. JPMorgan to boost Asia private banking headcount by over 100 this year JPMorgan Chase & Co (NYSE:JPM) plans to boost its…
European stock markets are expected to open marginally higher Monday, with investors wary at the start of a week that includes the release of key U.S. inflation data and comments from Federal Reserve Chairman Jerome Powell. Global stock markets will be focusing squarely on the latest U.S. inflation data this week, with strong numbers potentially…
Here is what you need to know about the important news between January 10th 2022 and January 14th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key…
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other…
The U.S. economy posted fewer jobs than expected for a second straight month in December, but the government’s monthly report still pointed to ongoing inflationary pressures coming from the labor market. The Labor Department said nonfarm employment rose by only 199,000 through the middle of the month. That’s only half the expected 400,000 and a…
Bitcoin slumps to lowest since September Bitcoin on Friday slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies.Bitcoin was last down 3.7% after touching $40,938, its lowest since Sept. 29. The world’s biggest cryptocurrency has lost over 40% since hitting a record high of…
Following the Federal Reserve Monetary Policy Meeting Minutes release, the US will publish the December Nonfarm Payrolls report. The country is expected to have added 400K new jobs positions after gaining 210K in November. Oil prices pared earlier gains after China, the world’s top crude importer, lowered the first batch of 2022 import quotas to…
Bitcoin could see further upside and a surge as high as $100,000 by the middle of 2022, according to Antoni Trenchey of the cryptocurrency lender Nexo also according to analysts at Goldman Sachs. The world’s largest cryptocurrency by market cap was trading at $46,170.43 as of 8:42 p.m. ET Monday, according to data from Coin…
Japan’s consumer confidence slightly worsens in Dec – govt Japan’s consumer confidence fell slightly in December, the government said on Wednesday, as domestic COVID-19 cases started rising towards the end of the month. A Cabinet Office survey showed the sentiment index for general households, which includes views on incomes and jobs, was at 39.1 in…
Oil prices surrendered earlier gains on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply later on Tuesday amid diminishing concerns over the spread of the Omicron variant of COVID-19. “Number one driver (of global oil prices) at the moment is management of the supply side of the…
China central bank launches digital yuan wallet apps for Android, iOS China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency. The “e-CNY (Pilot Version)” app, developed by the People’s Bank of China’s (PBOC)…