Market Overview Archive

The Canadian dollar is under pressure from a rising dollar and falling oil prices. The Australian labor market remains resilient

2024.11.14

The Canadian dollar weakened to 1.4 per dollar, the lowest level since May 2020, amid a broader wave of US dollar buying, falling oil prices, and concerns about China's economic growth.

Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations

2024.11.13

Shares of Nvidia (NVDA) closed higher by more than 2% after Redburn initiated a "buy" recommendation with a $178 price target. Airbnb (ABNB) shares closed down more than 2% after Phillip Securities do...

Bitcoin hits an all-time high above $88,000. Oil remains under pressure

2024.11.12

Bitcoin remained above the $88,000 mark on Tuesday, holding steady after rising more than 10% to new all-time highs in the previous session.

The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China

2024.11.11

WTI crude oil prices fell as low as $70 per barrel on Monday, extending a decline of nearly 3% from the previous session, as a subdued outlook for major importer China continued to weigh on the market...

Week's main events Week's main events (November 11 – November 15)

2024.11.11

Investors' attention this week is focused on US inflation data

World central banks continue to cut interest rates. US stock indices break records again

2024.11.08

The Central Bank of the United Arab Emirates cut its benchmark overnight deposit rate by 25 basis points to 4.65% in November 2024, closely following the US Federal Reserve's rate cut.

The Trump presidency will exacerbate international relations, especially concerning China and Europe

2024.11.07

Bitcoin (BTC/USD) gained more than 9% and set a new record high as digital assets are expected to benefit from less regulation and President-elect Trump's support for digital currencies.

Trump will likely become the 47th president of the United States. US stock indices and the dollar are reacting with sharp gains

2024.11.06

Bitcoin (BTC/USD) jumped to $75,000 on Wednesday, hitting new all-time highs as Republican candidate Donald Trump took an early lead in the US presidential race.

Investors focus on the US presidential election. The RBA kept the interest rate at 4.35%

2024.11.05

The Reserve Bank of Australia (RBA) left the money rate unchanged at 4.35% at its November meeting, keeping borrowing costs unchanged for the eighth consecutive time and in line with market estimates.

Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation

2024.11.04

Switzerland's annual inflation rate fell to 0.6% in October 2024, the lowest since June 2021, down from 0.8% in September and below estimates of 0.8%. Markets currently give a 72% probability that the...