Market Updates

The U.S. dollar saw an upward trend in early European trade on Monday, driven by positive job report data and expectations of the Federal Reserve maintaining a hawkish stance. The Dollar Index, which measures the greenback against a basket of other currencies, traded 0.2% higher at 104.200,...

President Joe Biden and top congressional Republican Kevin McCarthy have tentatively agreed to suspend the $31.4 trillion debt ceiling of the federal government, effectively putting an end to a lengthy stalemate. However, the announcement of the deal lacked any sense of celebration, reflecting the...

JPMorgan has recommended to its clients that they bolster their cash and gold positions while scaling back on equities and bonds. According to the bank’s analysts, the current surge in equities is misguided due to the market’s failure to adequately factor in the significant risk...

Applied Materials Inc, a leading semiconductor toolmaker, has unveiled plans to establish a research center in Sunnyvale, California, with an investment of up to $4 billion. The primary goal of this center, known as the Equipment and Process Innovation and Commercialization (EPIC) Center, is to...