Trading and Economics

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Trading and Economics (English)

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Trading and Economics

21 Jan, 10:58

Euro Holds Close to 2022-Lows

The euro traded near $1.03, close to its late 2022 lows, as dollar strength persisted after Donald Trump was sworn in as US President. While Trump refrained from imposing tariffs immediately following his inauguration, he later announced plans to introduce tariffs of up to 25% on Mexico and Canada starting February 1st. This renewed concerns about trade tensions and potential inflationary pressures. Meanwhile in Europe, ECB policymakers have been advocating for caution regarding further rate reductions. Eurozone inflation rose for the third consecutive month to 2.4% in December, though this increase was largely expected due to favourable base effects from the previous year. The ECB, which has already cut rates four times since June, is likely to maintain its easing trajectory over the next six months. Markets currently anticipate a 25bpst reduction in the key deposit rate at the ECB's upcoming meeting next week.

Trading and Economics

21 Jan, 10:26

🇨🇦 Canadian Dollar Approaches 9-Year Low on Tariff Threats

The Canadian dollar weakened sharply past 1.44 per USD, approaching the nine-year high of 1.45 touched on January 17th after the first portion of executive orders by US President Trump pressured the outlook for Canadian foreign exchange inflows. The US President signaled that his team will impose tariffs of up to 25% on Canada by February 1st, justifying the measure a response for large influx of illegal border crossing. The move would significantly dent demand from Canada’s largest export destination, thus pressuring the outlook of dollar inflows into Canada. Foreign exchange flows were also dented by Trump’s goal to raise domestic energy production, magnifying the impact that tariffs would have on Canada’s heavyweight energy exports to the US, forcing Canadian energy producers to drop selling prices. Meanwhile, markets expect the Bank of Canada to deliver further rate cuts this year to counter growth concerns.

Trading and Economics

21 Jan, 10:14

🇭🇷 Croatia Unemployment Rate Edged Up to 5.1%

Croatia’s unemployment rate rose to 5% in November 2024, the highest reading since May, from 4.7% in the previous month. The number of unemployed persons increased by 4.2% month-over-month to 89,897. Meanwhile, the number of employed persons declined by 1.1% to 1.71 million, as well as the size of the labor force by 0.8% to 1.8 million. A year ago, the jobless rate was higher at 6.4%.

Trading and Economics

21 Jan, 09:58

US Natural Gas Rebounds

US natural gas futures rose 2% toward the $3.9 per MMBtu mark on Tuesday, trimming the 11% plunge from the two prior sessions, and not far from the two-year high of $4.3 touched last week amid the outlook of lower supply and a pickup in heating demand. US President Trump lifted the moratorium on new LNG export licences in his first day in office, confirming previous pledges during his campaign. The measure allows domestic natural gas producers to take advantage of higher prices overseas and force consumers to compete with higher prices in major LNG hubs in Europe and Asia. In the meantime, freezing temperatures in the Southern states raised demand for heating in households and frozen power grids. Meanwhile, federal data showed a significant withdrawal of 258 billion cubic feet of gas from storage for the week ending January 10th, far exceeding the 150 bcf withdrawn in the corresponding period of the previous week.

Trading and Economics

21 Jan, 09:48

🇿🇦 South Africa Mining Output Falls in November

Mining production in South Africa fell by 0.9% over a year ago in November 2024, following a downwardly revised 1.1% rise in the prior month. This was the first drop in mining activity following three months of growth, largely attributed to declines in gold (-11.5%), iron ore (-3.8%), coal (-1.6%), and diamonds (-11.4%). On a seasonally adjusted monthly basis, mining production decreased by 0.2% in November.

Trading and Economics

21 Jan, 09:42

🇿🇦 South Africa's Gold Output Sees Largest Fall in 5 Months

Gold production in South Africa slipped by 11.5% year-on-year in November 2024, deepening from a 3.4% decrease in the previous month. This marked the 13th consecutive period of falling gold output and the steepest decline since June. The drop negatively impacted the year-on-year volume change in overall mining production by 1.5 percentage points. On a seasonally adjusted basis, gold production contracted by 9.2% in November.

Trading and Economics

21 Jan, 09:30

🇲🇽 Mexican Peso Approaches Record Low on Tariff Threats

The Mexican peso weakened past 20.7 per USD, approaching the over three-year low of 20.85 tested repeatedly since the start of the year after US President Donald Trump signaled that the US will impose tariffs on Mexico. While answering press questions over the signing of executive orders, the freshly-inaugurated President verbally signaled his administration is planning to impose tariffs of up to 25% on Mexico as of February 1st, citing the measures as reprimand for loose border control between both countries. Such policy would significantly impact the inflows of foreign exchange into Mexico from its biggest trading partner. The move also pressures the peso by removing a large source of demand for Mexican manufacturing, particularly in the auto sector, potentially forcing the Bank of Mexico to expedite rate cuts. Slowing investment, industrial output, and inflation in Mexico have already raised expectations of multiple rate cuts by Banxico this year.

Trading and Economics

21 Jan, 09:24

Macau Visitor Arrivals Rise 23.8% in 2024

The number of tourist arrivals in Macau increased by 3.3% year-on-year to 3.04 million in December 2024, following a 9.6% growth in the previous month. Same-day visitors rose by 15.3%, while overnight visitors dropped by 8.9%. Meanwhile, the average length of stay of visitors shortened by 0.1 day from a year earlier to 1.1 days, with that of overnight visitors rising by 0.1 day to 2.3 days. For the whole year of 2024, the number of visitor arrivals increased by 23.8% to 34.93 million. During this period, visitors from Mainland China grew by 28.6% year-on-year to 24.49 million, with those traveling under the Individual Visit Scheme rising by 15.5%. Additionally, visitors from Taiwan surged by 64.1% to 834.41 thousand, while those from Hong Kong fell by 0.2% to 7.18 million.

Trading and Economics

21 Jan, 09:22

🇬🇧 UK Stocks Cautiously Higher

The FTSE 100 edged higher to around 8,530 on Tuesday, in cautious trading, as investors weighed the potential implications of President Donald Trump's second term. Focus was also on economic data, corporate earnings, and discussions at the World Economic Forum in Davos. Domestically, UK unemployment rose to 4.4% in November, while wage growth accelerated to 5.6%, adding to uncertainty around the Bank of England's future policy decisions. On the corporate front, banks led the gains, with Lloyds Banking Group PLC climbing 4.9%, Barclays PLC rising 1.7%, and NatWest Group PLC advancing 1%.

Trading and Economics

21 Jan, 09:06

European Natural Gas Prices Rise

Natural gas prices in Europe rose to €48 per megawatt-hour as traders evaluated Trump's early actions in the White House and the seasonal increase in demand due to winter cold. Among the President's initial measures was lifting a moratorium on new US licenses for LNG exports, paving the way for additional export permits. This move is expected to drive higher demand for US LNG from Europe and Asia. Trump also reiterated his call for the EU to purchase more American oil and gas to avoid potential tariffs. Meanwhile, Russian natural gas flows to Europe via Ukraine ceased at the start of the year after both governments failed to reach an agreement. The IEA noted that while the halt in Russian piped gas does not pose an immediate risk to the EU’s supply security, it may increase European LNG import needs, further tightening global market fundamentals by 2025. This year, European LNG imports are projected to rise by over 15%. Currently, EU gas storage levels stand at 60% capacity.

Trading and Economics

21 Jan, 09:03

🇫🇷 French Stocks Hover Near Flatline

The CAC 40 traded near the flatline at around 7,738 on Tuesday, as investors assessed the early actions of U.S. President Donald Trump following his inauguration. Notably, he announced plans to introduce 25% tariffs on imports from Canada and Mexico starting February 1. Trump also signaled stricter tariffs targeting China but refrained from implementing specific measures. Meanwhile, investors closely monitored developments at the World Economic Forum in Davos, Switzerland. Among individual stocks, ArcelorMittal shares declined around 1.8%, while Stellantis NV dropped 1.5%. Conversely, LVMH led the index with a 1.4% rise, followed by Safran, up 0.9%, and Hermès, which gained 0.8%.

Trading and Economics

21 Jan, 09:01

FX Updates: Mexican Peso Drops by 0.95%

Top currency losers are Mexican Peso (-0.95%), Canadian Dollar (-0.83%), Norwegian Krone (-0.80%), Japanese Yen (-0.09%), British Pound (-0.59%) and Euro (-0.54%). Gains are led by Dollar Index (0.49%).

Trading and Economics

21 Jan, 08:59

🇮🇹 Italian Stocks Little Changed

The FTSE MIB index was little changed in early trading on Tuesday, hovering around the 36,140 mark as investors assessed a slew of pledges and executive orders from U.S. President Donald Trump, including trade tariffs. While Trump initially refrained from imposing tariffs immediately after his inauguration, he later unveiled plans to implement 25% tariffs on imports from Canada and Mexico starting February 1st. Among individual stocks, notable losses were seen from Stellantis (-1.5%), Prysmian (-1.3%), Campari (-2.1%), and Amplifon (-1.6%). On the other hand, the banking sector saw gains, with UniCredit up 0.5% gain, Banca Mediolanum rising 1.1%, and Banca Generali adding 1%. Other early gainers included Diasorin (1.9%) and Saipem (0.7%).

Trading and Economics

21 Jan, 08:39

Hong Kong Inflation Rate Steady for 3rd Month

The annual inflation rate in Hong Kong stood at 1.4% in December 2024, remaining unchanged for third consecutive month and remaining at its lowest reading since May. Costs were stable for food (1%) and alcoholic drinks and tobacco (21.2%), while it decreased at a faster pace for clothing and footwear (-3.2% vs -2.4%) and durable goods (-1.6% vs -0.3%). Meanwhile, prices accelerated for housing (1% vs 0.9% in November), electricity, gas, and water (11.4% vs 9.8%), miscellaneous goods and services (1.4% vs 0.8%), transport (2.1% vs 1.3%), and miscellaneous services (2.1% vs 2%). On a monthly basis, consumer prices rose 0.1% in December after stalling in the previous month.

Trading and Economics

21 Jan, 08:37

European Shares Cautious

Both the STOXX 50 and STOXX 600 hovered near the flatline on Tuesday as traders assessed the initial actions of Donald Trump in his second term as President of the United States. While Trump refrained from imposing tariffs immediately following his inauguration, he later announced plans to introduce tariffs of up to 25% on Mexico and Canada starting February 1st. This renewed concerns about trade tensions and potential inflationary pressures. Meanwhile in Europe, labour market data for the UK showed a mixed picture, with pay growth rising while unemployment rate edged up and payrolls sank. Traders will also keep an eye on the ZEW Economic Sentiment reading for Germany and the WEO in Davos. On the corporate front, shares of Danish Oersted plunged more than 16% after announcing impairments totaling $1.7 billion. German RWE (-2%) was also lower.

Trading and Economics

21 Jan, 08:17

Shares Hong Kong Soar Near 1% at Finish

The Hang Seng climbed 181 points or 0.9% to end at 20,107 on Tuesday, continuing its bullish momentum for the sixth session and approaching its highest level in near four weeks amid widespread sector gains. Traders responded favorably to Trump's inaugural speech Monday, as it did not impose tariffs on China. Meanwhile, US futures surged after Trump signed several executive orders, including declaring a national energy emergency, potentially leading to lower inflation and Fed rate cuts. Further gains were capped by caution ahead of December inflation data in Hong Kong later today after inflation in November stayed at a five-month low of 1.4%. Shares of China Vanke Co. jumped almost 9% after the developer announced interest payment on a maturing bond. Meantime, Country Garden soared around 20%, hitting a 10-month high as trading resumed after a nine-month suspension. Other top gainers included Semicon Manufacturing (6.7%), Pop Mart Intl. (5.7%), Li Auto (5.2%), and Xiaomi Corp. (3.2%).

Trading and Economics

21 Jan, 08:15

🇹🇼 Taiwan Export Orders Growth Beats Forecasts

Orders for Taiwanese exports climbed by 20.8% year-on-year to USD 52.9 billion in December 2024, accelerating from a 3.3% gain in the previous month, and exceeding market expectations of 16.1% growth. Exports orders advanced significantly for electronic products (33.5% vs 7.2% in November) and optical, photographic, and cinematographic apparatus (17.7% vs 7%). Additionally, exports orders rebounded sharply for information and communication products (24.3% vs -2.3%), while it decreased at softer pace for basic metals and articles thereof (-4.5% vs -6.3%) and chemicals (-0.6% vs -1.3%). Meanwhile, exports orders were stable for machineries (6%). Among key trade partners, demand increased most in the USA (31%), followed by Japan (25.7%), ASEAN countries (24.9%), and Mainland and Hong Kong (13.6%).

Trading and Economics

21 Jan, 08:11

Agricultural Commodities Updates: Oat Rises by 1.90%

Top commodity gainers are Oat (1.90%), Palm Oil (1.57%) and Wheat (1.31%). Biggest losers are Canola (-1.83%) and Rice (-0.77%).

Trading and Economics

21 Jan, 08:07

🇫🇷 Essilor Hits 23-year High

Essilor increased to a 23-year high of 245.90 EUR. Over the past 4 weeks, Essilor gained 5.77%, and in the last 12 months, it increased 37.83%.

Trading and Economics

21 Jan, 08:05

Metals Commodities Updates: Titanium Gains by 2.25%

Top commodity gainers are Titanium (2.25%), Gold (0.61%) and Iron Ore CNY (0.56%). Biggest losers are Platinum (-1.29%) and Copper (-0.52%).

Trading and Economics

02 Dec, 18:30

Crypto currencies

Bitcoin and Ether are experiencing declines. Ether has slipped 2.64%.

Trading and Economics

02 Dec, 18:26

Agricultural Commodities Updates: Cheese Spikes by 9.15%

Top commodity gainers are Cheese (9.15%), Orange Juice (2.15%) and Rapeseed (1.23%). Biggest losers are Coffee (-7.46%), Palm Oil (-1.29%) and Soybeans (-0.61%).

Trading and Economics

02 Dec, 18:20

Metals Commodities Updates: Iron Ore CNY Rises by 1.51%

Top commodity gainers are Iron Ore CNY (1.51%). Biggest losers are Gold (-0.87%) and Silver (-0.66%).

Trading and Economics

02 Dec, 18:16

Energy Commodities Updates: Natural gas Falls by 3.85%

Top commodity losers are Natural gas (-3.85%), Heating Oil (-1.07%), Crude Oil WTI (-0.97%) and Brent Crude Oil (-0.79%). Gains are led by Natural Gas UK GBP (2.46%) and Natural Gas EU Dutch TTF (1.13%).

Trading and Economics

02 Dec, 17:24

🇮🇹 Italian Stocks End Cautiously Higher

The FTSE MIB closed about 0.2% up on the first trading day of December, in a session marked by high volatility in European markets due to concerns over political turmoil in France. Meanwhile, traders assessed a raft of economic data from major economies. On the domestic front, final data showed Italian economic growth was flat quarter-on-quarter in Q3, after a 0.2% rise in the second quarter. Separately, Italian manufacturing activity contracted for an eighth month running in November and at its fastest pace this year. Among individual stocks, Nexi ( 5.5% led the gains, followed by Campari ( 2.4%) and Generali ( 1.7%). In contrast, Stellantis remained at the bottom of the index, dropping 6.3%, following CEO Carlo Tavares' resignation.

Trading and Economics

02 Dec, 17:06

🇩🇪 German Stocks Hit Record

The DAX rose 1.5% to a record high above 19,920 on Monday, driven by strong performances from Adidas ( 3.7%), SAP ( 2.2%), Siemens ( 2.1%), Airbus ( 1.7%), Allianz ( 1.4%), and Deutsche Telekom ( 0.4%). However, Volkswagen (VW) shares declined as workers at nine of its plants went on strike for several hours. Investor sentiment was affected by ongoing political instability in France, as well as data showing a slowdown in manufacturing activity across both the Eurozone and the UK. Meanwhile, the EU’s unemployment rate remained steady.

Trading and Economics

02 Dec, 17:02

European Stocks Start Week Higher

European stocks closed higher on Monday, with the Stoxx 50 rising 1% and the broader Stoxx 600 gaining 0.5%, driven by strong performances from major corporates. Novo Nordisk climbed 1.9%, LVMH gained 2.6%, SAP rose 1.8%, ASML Holding advanced 1%, and Hermes International surged 4.5%. However, Stellantis shares dropped 6.3% following CEO Carlos Tavares' resignation, citing differences with the board amid struggles in the US market. Investor sentiment was clouded by political uncertainty in France, with ongoing budget tensions raising concerns about a potential no-confidence vote. Economic data pointed to a slowdown in manufacturing activity in both the Eurozone and the UK, while the EU’s unemployment rate remained stable.

Trading and Economics

02 Dec, 16:10

🇫🇷 France 10-Year Yield Wavers As Government Likely To Face No-Confidence Vote

The yield on France's 10-year OAT swung between gains and losses to trade around 2.9% as traders assess the political turmoil in the country. The government used the article 49.3 of the French constitution to pass a social security budget without a vote on parliament and the move is likely to trigger a no-confidence vote in coming days. Marine Le Pen’s far-right party, which holds the most seats in parliament, expected to back the motion. Political uncertainty remains high, complicating the approval of the 2025 budget and weighing on French assets. The French risk premium over German Bunds recently exceeded 90 basis points, its highest level since 2012. Meanwhile, the government is targeting a reduction in the fiscal deficit from an estimated 6% of GDP this year to 5% in 2024, backed by a €60 billion austerity plan.

Trading and Economics

02 Dec, 15:49

🇺🇸 Dollar Index Gains Almost 1%

The dollar index gained almost 1% to 106.7 on Monday, rebounding from a 1.6% fall last week which was the first weekly decline in nine weeks. Traders are now bracing for key economic data due this week including the PMIs, JOLTs and the jobs report to assess the US economic performance and the Fed's plans for December. The ISM Manufacturing PMI topped forecasts and pointed to a softer contraction in the factory sector. Meanwhile, the political situation remains in the spotlight with Donald Trump requiring a commitment from BRICS that they will neither create a new currency, nor back any other currency to replace the US dollar or they will face 100% tariff. The greenback was gaining about 1% against the euro as the political turmoil in France is far from over. The dollar also rebounded against the yen, as traders remained divided on the timing of the next Bank of Japan rate hike.

Trading and Economics

02 Dec, 15:33

🇺🇸 Treasury Yields Rebound

The yield on the US 10-year Treasury note edged up to 4.23% on Monday, reversing course after a two-week slide that saw a decline of roughly 27 basis points. Traders are now bracing for key economic data due this week including the PMIs, JOLTs and the jobs report to assess the US economic performance and the Fed's plans for December. The ISM Manufacturing PMI topped forecasts and pointed to a softer contraction in the factory sector. Meanwhile, the political situation remains in the spotlight with Donald Trump requiring a commitment from BRICS that they will neither create a new currency, nor back any other currency to replace the US dollar or they will face 100% tariff. Speeches from several Fed officials will also be in the spotlight, specially an appearance from Chair Powell on Wednesday. The odds for a 25bps rate cut by the Fed this month currently stand at 62%, up from 53% a week ago.

Trading and Economics

02 Dec, 15:19

🇺🇸 Microsoft Hits 4-week High

Microsoft increased to a 4-week high of 429.39 USD. Over the past 4 weeks, Microsoft gained 5.09%, and in the last 12 months, it increased 16.24%.

Trading and Economics

02 Dec, 15:11

🇨🇴 Colombia Manufacturing PMI Hits 10-Month High

The Davivienda Colombia Manufacturing PMI rose to 53.4 in November 2024 from 52.3 in October, signaling the strongest improvement in manufacturing conditions since January. This growth was driven by a significant upturn in new orders, the fastest since January, and a sharp increase in production, marking the highest expansion in ten months. A reduction in inflation and interest rates contributed to stronger demand, supporting sales and boosting output volumes. Input cost pressures eased, leading to a slower increase in factory gate charges. Employment showed tentative improvement, marking a fractional rise after four months of job cuts. Manufacturers also increased inventories in anticipation of continued favorable demand. Optimism for the year ahead surged, with companies expecting growth driven by investment, process improvements, and enhanced productivity.

Trading and Economics

02 Dec, 15:07

🇺🇸 US Construction Spending Rises More than Expected

Construction spending in the United States rose by 0.4% month-over-month to a seasonally adjusted annual rate of $2,174 billion in October 2024, following a 0.1% increase in September and more than an expected 0.2% advance. This marks the third consecutive increase in construction spending and the strongest since April. Private spending rose by 0.7% in the period, with the residential segment growing by 1.5%, particularly in single-family projects ( 0.8%). Conversely, the non-residential segment shrank by 0.3%. Yearly, construction spending grew by 5% in October.

Trading and Economics

02 Dec, 15:05

🇺🇸 ISM Manufacturing PMI Beats Expectations

The ISM Manufacturing PMI for the US increased to 48.4 in November 2024 from 46.5 in October, beating forecasts of 47.5. The reading pointed to another albeit softer contraction in the manufacturing sector. "Demand remains weak, as companies prepare plans for 2025 with the benefit of the election cycle ending. Production execution eased in November, consistent with demand sluggishness and weak backlogs. Suppliers continue to have capacity, with lead times improving but some product shortages reappearing", Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee said.

Trading and Economics

02 Dec, 15:01

FX Updates: Brazilian Real Depreciates by 1.58%

Top currency losers are Brazilian Real (-1.58%), Swedish Krona (-1.19%), Euro (-0.96%), Japanese Yen (-0.15%) and British Pound (-0.75%). Gains are led by Dollar Index (0.80%).

Trading and Economics

02 Dec, 14:59

🇨🇦 TSX Moves Away from Historic Highs

The S

Trading and Economics

02 Dec, 14:55

🇺🇸 Exxon Mobil Hits 4-week Low

Exxon Mobil decreased to a 4-week low of 117.04 USD. Over the past 4 weeks, Exxon Mobil lost 1.19%, and in the last 12 months, it increased 14.45%.

Trading and Economics

02 Dec, 14:47

🇫🇷 France 10-Year Bond Yield Falls

The yield on France's 10-year OAT dipped below 2.89% after the French government made another concession to Marine Le Pen's far-right party regarding the 2025 budget, aimed at averting a no-confidence vote and preventing the government from collapsing. The latest compromise includes a commitment to maintain full reimbursements for medicines. Last week, the government met another key demand by scrapping a proposed electricity tax hike. However, the far-right party continues to push for pensions to be fully indexed to inflation, while the government advocates for a more moderate adjustment. Political uncertainty remains high, complicating the approval of the 2025 budget and weighing on French assets. The French risk premium over German Bunds recently exceeded 90 basis points, its highest level since 2012. Meanwhile, the government is targeting a reduction in the fiscal deficit from an estimated 6% of GDP this year to 5% in 2024, backed by a €60 billion austerity plan.

Trading and Economics

02 Dec, 14:37

🇨🇦 Canada Manufacturing PMI Hits Highest Growth Since February 2023

The S

Trading and Economics

02 Dec, 14:35

🇺🇸 US Stocks Rise to Kick Off December

Stocks in the US were higher on the first trading day of December, with the S

Trading and Economics

05 Nov, 21:53

🇳🇿 Kiwi Jobless Rate Rises to 2020's High in Q3

New Zealand's unemployment rate rose to 4.8% in the September quarter of 2024, up from 4.6% in the previous period and reaching its highest level since the December quarter of 2020. This figure was below market expectations of 5%. The underutilization rate stood at 11.6% in September, down from 11.8% in June 2024. On an annual basis, the number of unemployed individuals increased by 24.2%, totaling 144,900 (not seasonally adjusted). The seasonally adjusted labor force participation rate for the September quarter was 71.2%, reflecting a decline of 0.5 percentage points from the previous quarter and 0.8 percentage points from the previous year.

Trading and Economics

05 Nov, 21:43

🇺🇸 US Crude Oil Inventories Surpass Expectations

US crude oil inventories rose by 3.132 million barrels for the week ending November 1, 2024, rebounding from a decline of 0.573 million barrels the previous week, according to data from API's Weekly Statistical Bulletin. This increase marks the fifth gain in the last twelve weeks and surpasses market expectations of a 1.8 million barrel rise.

Trading and Economics

05 Nov, 21:35

🇺🇸 The Dow Jones Index Closes 1.02% Higher

In New York, the Dow Jones Index went up by 427 points or 1.02 percent on Tuesday. Top gainers were Intel (3.64%), Goldman Sachs (3.16%) and American Express (2.17%).

Trading and Economics

05 Nov, 21:21

🇧🇷 Ibovespa Edges Higher on Tuesday

The Ibovespa edged 0.1% higher to close at 130,661 on Tuesday, with attention focused on the US presidential election and updates on domestic fiscal policy. President Lula's discussions on spending cuts concluded without announcements, though his diminishing influence after the municipal elections is expected to prompt aggressive fiscal measures by the current administration as it seeks support ahead of the 2026 elections. On the corporate front, Itaú shares rose 3.4% following strong Q3 results, with accelerated portfolio growth, reduced provisions, and high profitability, boosting investor sentiment. Similarly, Raia Drogasil surged 3.4% as investors anticipate better-than-expected quarterly results post-closing bell. However, losses by the index’s largest components, Petrobras (-0.8%), Vale (-0.9%), and WEG (-0.6%), largely offset the gains.

Trading and Economics

05 Nov, 21:05

🇨🇦 TSX Closes Higher Supported by Financials

The S

Trading and Economics

05 Nov, 21:01

🇺🇸 US Equities Settle Higher on Election Day Ahead of Fed Decision

Wall Street surged on Election Day as investors awaited the outcome of a tight race between Kamala Harris and Donald Trump. The S

Trading and Economics

05 Nov, 19:21

🇺🇸 Wall Street Rallies on Election Day

Stock in the US rallied on Election Day as investors awaited the outcome of a close race between Kamala Harris and Donald Trump. The S

Trading and Economics

05 Nov, 19:15

🇨🇴 Colombia Producer Inflation Increases for 5th Month

Producer prices in Colombia increased by 1.3% year-on-year in October 2024, accelerating from October’s 0.7% increase, marking the fifth increase after thirteen consecutive months of deflation. Prices rose at a faster rate in agriculture, livestock, forestry, hunting, and fishing (8.53% vs.7.83% in September), and manufacturing (2.94% vs. 2.89%), while prices dropped at a slower rate for mining and quarrying (-12.57% vs. -14.99%). On a monthly basis, producer inflation rose by 1.41%, accelerating from a 1.04% increase in the previous month.

Trading and Economics

05 Nov, 18:39

🇺🇸 Bristol-Myers Squibb Hits 12-month High

Bristol-Myers Squibb increased to a 12-month high of 56.21 USD. Over the past 4 weeks, Bristol-Myers Squibb gained 5.07%, and in the last 12 months, it increased 6.46%.

Trading and Economics

05 Nov, 18:30

Crypto currencies on demand on Tuesday

Bitcoin and Ether are on the rise. Bitcoin is leading the charge with a 3.23% gain. Ether follows with a 2.32% increase.

Trading and Economics

05 Nov, 18:26

Agricultural Commodities Updates: Orange Juice Slumps by 6.30%

Top commodity losers are Orange Juice (-6.30%), Palm Oil (-1.76%) and Rice (-1.57%). Gains are led by Cheese (3.24%), Coffee (2.35%) and Soybeans (0.56%).

Trading and Economics

05 Nov, 18:20

Metals Commodities Updates: Platinum Rises by 1.81%

Top commodity gainers are Platinum (1.81%), Iron Ore CNY (1.68%), Copper (0.81%) and Gold (0.17%).

Trading and Economics

05 Nov, 18:16

Energy Commodities Updates: Natural gas Drops by 3.70%

Top commodity losers are Natural gas (-3.70%). Gains are led by Gasoline (1.01%), Heating Oil (0.76%), Natural Gas UK GBP (0.64%), Brent Crude Oil (0.50%) and Crude Oil WTI (0.46%).

Trading and Economics

05 Nov, 17:34

Aluminum Approaches 3-Week High

Aluminum futures rose to $2,660 per tonne, approaching the three-week high of $2,675 touched on October 25th amid a softer dollar, consistent demand, and increasing supply concerns. The wide range of industrial uses for aluminum prevented the magnitude of sharp declines for the metal due to concerns of slowing factory output in top aluminum consumer China, recently supported by its key role in electric vehicles, solar panels, and other electrification industries. Consequently, aluminum stocks in Chinese ports fell by 20% from their peak in March to 656,000 tons. In the meantime, bauxite prices approached a record high as Guinea blocked Emirates Global Aluminum’s exports from the country. The halt from the world’s top miner added to lower bauxite output from Australia and Jamaica, squeezing Chinese smelters out of their supply and reducing ore inventory to its lowest since 2015.

Trading and Economics

05 Nov, 17:32

🇺🇾 Uruguay Inflation Rate Eases in October

The annual inflation rate in Uruguay rose to 5.01% in October of 2024 easing from 5.32% in September. This increase was driven by accelerated cost growth in housing and utilities (4.77% vs. 4.47% in September) and food and non-alcoholic beverages (6.32% vs. 5.95%), while the rate of decline slowed for clothing and footwear (-4.53% vs. -5.56%). Conversely, restaurant and food services (6.53% vs. 6.55%), and transportation (2.93% vs. 5.82%) rose at a slower pace. On a monthly basis, consumer prices increased by 0.33%, slowing compared to an increase of 0.37% in the previous month.

Trading and Economics

05 Nov, 17:20

🇧🇷 Brazil 10-Year Bond Yield Retreats

The yield on Brazil’s 10-year government bond fell to around 12.9%, easing from the March 2023 high of 13.11% seen on November 2nd, amid expectations of reduced risk premiums. President Lula's diminishing influence following the municipal elections is anticipated to prompt aggressive fiscal measures by the current administration to garner support ahead of the 2026 presidential and congressional elections, which may alleviate ongoing fiscal concerns that have contributed to elevated risk premiums. Additionally, a tighter-than-expected US election has eased concerns about Donald Trump’s potential reelection, which could threaten Brazilian exports due to his pledge to increase tariffs. Such tariffs could reduce tax revenue for the Brazilian government and undermine perceptions of its ability to service debt. Meanwhile, hawkish expectations from the Brazilian central bank have strengthened following strong private sector activity, with October’s PMI rising to 55.9.

Trading and Economics

05 Nov, 17:18

🇬🇧 FTSE 100 Closes Slightly Lower

The FTSE 100 closed marginally below the flatline at 8,172 on Tuesday, erasing the slight increase from yesterday as markets digested corporate news ahead of the US presidential election overnight. Schroders led the losses with a 13.7% plunge amid a margin change in its mutual fund business. Also, AstraZeneca tanked 8.4% amid reports of a Chinese probe in the company. In turn, AB Foods added 3.2% following the release of stronger sales than expected in its key store chain Primark and a higher dividend and share buyback, which overshadowed weakness in the sugar division. Also, Melrose jumped over 5% after Citi raised the outlook of the company’s cash flow.

Trading and Economics

05 Nov, 17:14

🇧🇷 Brazilian Real at 5.77

The Brazilian real strengthened toward 5.76 per USD, recovering from recent multi-year lows ahead of Wednesday’s interest rate decision. Strong private sector activity, evidenced by an October PMI of 55.9, bolstered expectations that the Brazilian central bank will continue its monetary tightening with a half-point rate hike at its November 6th meeting, raising the Selic rate to 11.25%. Annual inflation remains near the upper limit of the bank’s tolerance range and is projected to exceed the 3% target until at least 2027. Additionally, President Lula's diminishing influence following the municipal elections is expected to prompt aggressive fiscal measures by the current administration as it seeks to garner support ahead of the 2026 presidential and congressional elections. Meanwhile, a weaker US dollar, driven by uncertainty of the contentious US presidential election and the Federal Reserve's forthcoming decision, supported the real's recovery.

Trading and Economics

05 Nov, 17:12

🇩🇪 The DAX Index Closes 0.55% Higher

In Frankfurt, the DAX Index went up by 106 points or 0.55 percent on Tuesday. Top gainers were HeidelbergCement (2.59%), Rheinmetall (2.42%) and MTU Aero Engines AG (1.79%). Biggest losses came from Deutsche Post (-4.19%), BASF (-2.22%) and Zalando (-1.98%).

Trading and Economics

05 Nov, 17:06

🇮🇹 Italian Stocks Lag Behind Peers

The FTSE MIB fell about 0.2% to close at 34,472.1 after a choppy session on Tuesday, underperforming its regional peers. The decline was primarily driven by Ferrari's third-quarter results, which missed analyst estimates, causing its shares to drop 7.1% and weighing heavily on the main index. Moncler also saw steep losses, falling by 1.7%. On the flip side, Leonardo stood out with a gain of 3.7% ahead of its earnings release. CEO Roberto Cingolani has already indicated that the 2024 guidance will be maintained. Banca Popolare di Sondrio gained 2.7% also ahead of the release of its quarterly results later in the day. Meanwhile, investors across the globe closely monitored the highly-contested U.S. presidential election and braced for the Fed's policy outcome later this week.

Trading and Economics

01 Nov, 22:41

Agricultural Commodities Updates: Cheese Rises by 4.55%

Top commodity gainers are Cheese (4.55%), Palm Oil (3.92%) and Lumber (1.90%). Biggest losers are Sugar (-3.21%), Coffee (-1.38%) and Rapeseed (-1.16%).

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Trading and Economics

01 Nov, 22:35

Metals Commodities Updates: Iron Ore CNY Falls by 1.15%

Top commodity losers are Iron Ore CNY (-1.15%), Silver (-0.71%) and Gold (-0.39%). Gains are led by Steel Rebar (1.14%).

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Trading and Economics

01 Nov, 22:31

Energy Commodities Updates: Natural Gas UK GBP Falls by 3.95%

Top commodity losers are Natural Gas UK GBP (-3.95%), Natural gas (-2.14%) and Gasoline (-1.86%). Gains are led by Natural Gas EU Dutch TTF (0.91%), Ethanol (0.80%), Brent Crude Oil (0.10%) and Crude Oil WTI (0.10%).

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Trading and Economics

01 Nov, 22:15

FX Updates: Brazilian Real Drops by 1.31%

Top currency losers are Brazilian Real (-1.31%), Mexican Peso (-1.10%), Swedish Krona (-0.90%), Japanese Yen (-0.66%) and Euro (-0.47%). Gains are led by Dollar Index (0.42%) and British Pound (0.14%).

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Trading and Economics

01 Nov, 20:36

🇺🇸 The Dow Jones Index Closes 0.69% Higher

In New York, the Dow Jones Index went up by 289 points or 0.69 percent on Friday. Top gainers were Intel (7.60%), Amazon (6.09%) and Boeing (3.40%). Biggest losses came from Verizon (-1.95%), Apple (-1.69%) and 3M (-1.01%).

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Trading and Economics

01 Nov, 20:16

🇧🇷 Brazilian Stocks Fall for 4th Day

The Ibovespa lost 1.2% to close at the 128,260 mark on Friday, marking its fourth straight session of declines, amid uncertainties regarding the domestic fiscal situation. Meanwhile, market participants evaluated recent economic data and corporate earnings ahead of the Fed’s meeting and the U.S. presidential election. The latest U.S. jobs report showed significantly lower job growth than expected, with previous months’ gains sharply revised downward, raising worries about a weakening labor market. Domestically, a new PMI survey indicated solid expansion in Brazil's factory activity in October, despite a slowdown from September, while a separate report revealed faster-than-expected industrial growth in September. Major banks, retailers, and Petrobras (-1.5%) were down, while Vale closed slightly lower. The top loser were Metalfrio, which declined 14.6%, along with Trevisa Investimentos (-8.8%) and Vamos (-8.6%). Considering the week, the Brazilian benchmark lost 2.1%.

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Trading and Economics

01 Nov, 20:06

🇨🇦 TSX Closes Higher on Friday

The S

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Trading and Economics

01 Nov, 20:02

🇺🇸 US Stocks Rally on Friday, But Book Weekly Losses

Stocks in the US closed sharply higher on Friday, kicking off November with gains as strong earnings from Amazon and Intel bolstered market sentiment, allowing traders to overlook a disappointing jobs report. The S

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Trading and Economics

01 Nov, 18:36

WTI Oil Rises For 3rd Session, But Posts Weekly Loss

WTI crude oil futures rose to $69.5 per barrel on Friday, marking their 3rd consecutive day of gains despite a 3% decline over the week. This rise is attributed to market anticipation of a potential response from Tehran to Israel's recent retaliatory strikes. Investor sentiment remains cautious, particularly after Israel's military chief warned of a "very hard" response to any further missile attacks from Iran. The ongoing conflict between Iran and Israel, marked by air attacks and counterstrikes, is linked to the broader unrest in Gaza. As a key OPEC member, Iran produced about 4 million bpd in 2023 and is projected to export around 1.5 million bpd in 2024. The US has urged Lebanon to establish a unilateral ceasefire with Israel to ease tensions, while Israel has intensified airstrikes in Beirut's southern suburbs. Additionally, oil prices are buoyed by speculation that OPEC may postpone its planned production increase in December due to concerns about soft demand and rising supply.

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Trading and Economics

01 Nov, 18:26

Agricultural Commodities Updates: Cheese Rises by 4.44%

Top commodity gainers are Cheese (4.44%), Palm Oil (3.62%) and Lumber (2.34%). Biggest losers are Sugar (-3.30%), Coffee (-1.35%) and Rapeseed (-1.11%).

Trading and Economics

01 Nov, 18:20

Metals Commodities Updates: Steel Rebar Gains by 1.14%

Top commodity gainers are Steel Rebar (1.14%). Biggest losers are Silver (-0.87%) and Gold (-0.45%).

Trading and Economics

01 Nov, 18:16

Energy Commodities Updates: Natural Gas UK GBP Falls by 3.95%

Top commodity losers are Natural Gas UK GBP (-3.95%), Natural gas (-1.80%) and Gasoline (-1.44%). Gains are led by Natural Gas EU Dutch TTF (1.50%), Brent Crude Oil (0.67%) and Crude Oil WTI (0.66%).

Trading and Economics

01 Nov, 18:08

🇺🇸 US Stocks Rally on Amazon, Intel Earnings Despite Weak Jobs Data

Stocks in the US rallied on Friday, kicking off November with gains as strong earnings from Amazon and Intel bolstered market sentiment, allowing traders to overlook a disappointing jobs report. The S

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Trading and Economics

01 Nov, 17:56

🇨🇦 Canadian Dollar Hits 24-month Low

USDCAD increased to a 24-month high of 1.40. Over the past 4 weeks, US Dollar Canadian Dollar gained 3.27%, and in the last 12 months, it increased 1.54%.

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Trading and Economics

01 Nov, 17:40

🇵🇪 Peru Inflation Rate Ticks Higher in October

The annual inflation rate in Peru edged higher to 2% in October 2024 from a near four-month low of 1.8% in the prior month, but still within the central bank's target range of 1-3%. It was mostly driven by a rise of 0.2% in cost of food and non-alcoholic beverages after falling by 1.1% in September. Other contributors to the rise were housing and utilities (1.25%, compared to 1.28% in September), transport (2.38%, compared to 2.75%), and restaurants and hotels (3.1%, compared to 3.3%). On a monthly basis, consumer prices fell by 0.1% in October, after a 0.2% decrease in the previous month.

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Trading and Economics

01 Nov, 17:14

🇺🇸 Week Ahead - Nov 3rd

The US presidential elections on Tuesday are set to be the most closely watched event, capturing the attention of investors worldwide. In addition, markets will keep a keen eye on the Federal Reserve's interest rate decision, as well as the ISM Services PMI, Michigan consumer sentiment, foreign trade data, factory orders, and non-farm productivity measures. Also, earning season will continue with focus shifting to large and mid cap companies. Globally, key interest rate decisions from UK, Australia, Brazil, Poland, and Norway will be pivotal. Germany's industrial production, factory orders, and trade balance figures along with manufacturing and services PMIs for Spain and Italy, and Euro Area retail sales, will provide insights into the health of European economy. Meanwhile, in China, National People's Congress along with foreign trade data, Caixin Services PMI, and inflation metrics for consumers and producers will dominate the headlines.

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Trading and Economics

01 Nov, 17:12

🇩🇪 The DAX Index Closes 0.96% Higher

In Frankfurt, the DAX Index went up by 183 points or 0.96 percent on Friday. Top gainers were Sartorius (3.49%), Puma (2.80%) and Siemens Energy (2.48%). Biggest losses came from Daimler Truck Holding AG (-1.13%), Hannover Rueck (-0.33%) and Volkswagen (-0.20%).

Trading and Economics

01 Nov, 17:10

🇫🇷 The CAC 40 Index Closes 0.91% Higher

In Paris, the CAC 40 Index rose 67 points or 0.91 percent on Friday. Leading the gains are Societe Generale (3.52%), Cap Gemini (3.03%) and Dassault Systemes (2.42%). Top losers were Renault (-1.50%), AXA (-0.52%) and STMicroelectronics (-0.12%).

Trading and Economics

01 Nov, 17:08

🇬🇧 The FTSE 100 Index Closes 0.96% Higher

In London, the FTSE 100 Index gained 78 points or 0.96 percent on Friday. Gains were led by Reckitt Benckiser (7.39%), Schroders (4.30%) and Burberry (4.16%). Biggest losers were Vistry Group (-1.48%), DS Smith (-1.47%) and Flutter Entertainment (-0.91%).

Trading and Economics

01 Nov, 16:38

🇿🇦 South African Stocks End Higher, Still Post Weekly Fall

The JSE index extended early gains to close about 1% up at 86,199 on the first trading day of November, halting three consecutive sessions of losses. Global investors digested the latest results from large technology companies and US labor market data that reinforced expectations that the Federal Reserve will continue cutting interest rates. Attention now turns to the upcoming Fed meeting and the U.S. Presidential Election scheduled for next week. On the domestic front, a local PMI survey showed South Africa's manufacturing activity expanded for the second successive month in October, and at a modest pace. Industrials, resource-linked stocks and technology stocks posted the largest gains. For the week, the JSE shed about 0.9%.

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