Daily Update 29 July, 2021

U.S. markets closed mixed as the Fed Reserve held interest rates and the Chairman commented that he was still “a ways away” from raising them.

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Daily Update 28 July, 2021

Despite U.S. markets closing lower overnight, consumer confidence improved for a sixth straight month in July to a fresh pandemic high.

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Daily Update 27 July, 2021

U.S. markets closed mostly higher. New U.S. home sales dropped in June with weakening demand in light of elevated prices and tight supply.

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Daily Update 26 July, 2021

European equity markets closed higher on Friday as Europe’s economic surge strengthened in July, boosted by the services

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Daily Update 23 July, 2021

U.S. markets closed higher overnight, Applications for U.S. state unemployment insurance rose unexpectedly in week ended July 17 by the most since late March.

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Daily Update 22 July, 2021

U.S. markets closed higher overnight. Bitcoin soared after some prominent voices discussed its prospects at the “B Word” conference.

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Daily Update 21 July, 2021

U.S. markets closed higher overnight, as U.S. housing starts increased in June by more than forecast with initial home construction rising +6.3%.

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Daily Update 20 July, 2021

U.S. markets closed lower as U.S. homebuilders' confidence fell to an 11-month low in line with elevated materials prices and supply shortages.

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Daily Update 19 July, 2021

U.S. markets closed lower with consumer sentiment declining on the back of inflation expectations of +4.8% over the next year, the highest since August 2008.

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Daily Update 16 July, 2021

U.S. equity markets closed mostly lower as Fed Chair Jerome Powell’s persistent dovishness raised concern about the economic recovery's sustainability.

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