Market News

Fears of Slower Growth & Tapering Dent Stocks; Bitcoin Looking Heavy; US Dollar Bid

Oil has been tumbling mainly because there have been signs of a weak economic recovery now that the delta variant is spreading and governments are imposing restrictions on economic and social activities.

Japanese Market Boosted by PM Resignation; Friday’s NFP Disappoints; US Dollar Recovers Slightly

According to Bank of Japan Board Member Goushi Kataoka, the negative effects of the pandemic on the economy will last longer than expected, casting into doubt the bank's provisions for the economy.

SafeMoon had a rocky ride this week, its natural volatility magnified by a botched cryptocurrency wallet rollout.

ADP Forecast Roughly Half of Expectation; NZD and AUD Rise Strongly; US Dollar Sold

The Australian Bureau of Statistics linked this growth to the easing of restrictions and the recovery of the local labor market.

AUD GDP at 0.7%; Asian Stocks Rise; US Dollar Gains

These data confirm the deceleration of Chinese economic growth and are mostly being linked to the spread of the Delta variant of the COVID-19 virus, which pushed Beijing and other major Chinese cities to impose restrictions.

S&P 500 & NASDAQ 100 Indices Reach New Record High Prices; China’s Services Sector Contracts; US Dollar Sold

According to the data, demand for cars, general merchandise, clothes, and food increased. Sales also increased for small retail establishments, such as convenience and drug stores.

S&P 500 & NASDAQ 100 Indices Reach New Record High Prices; Powell Says No Rush to Hike Rates; Asian Stocks Higher

S&P 500 & NASDAQ 100 Indices Reach Record High Prices; US Dollar Sold Again; Asian Stocks Mixed

European Central Bank Vice President Luis De Guindos recently announced that the bank could revise upwards its previsions for the European economy in September, highlighting that the third-quarter economic indicators are positive.

S&P 500 & NASDAQ Indices Close at Record High Prices; US Dollar Recovers Slightly; Asian Stocks Mixed