Market Updates

23 Mar 2018

Japanese Yen Stays Elevated After CPI

The official Consumer Price Index rise came in at 1.5%- its strongest showing since March, 2017. It edged past January’s 1.4% gain too. The ‘core’ measure which strips out the volatile effects of food prices rose 1% and the rate without both food and energy came in at 0.5%. CPI is clea [...]

22 Mar 2018

Fed announces rate hikes

The Federal Reserve raises U.S. interest rates for the sixth time since the policymaking FOMC began raising rates in December 2015. In its post-meeting statement, the committee said that the economic outlook has strengthened in recent months. In its first meeting as Chairman, Jerome Powell, [...]

21 Mar 2018

Amazon tops Alphabet in the race

Amazon becomes the second most valuable U.S.-listed company in the world, surpassing Google parent company Alphabet for the first time on Tuesday. Amazon shares closed at 2.69 percent higher at $1,586.51, for a market capitalization of $768 billion; while Alphabet lost 0.39%, trimming its ma [...]

20 Mar 2018

Facebook shares fall sharply

Shares of Facebook dropped seven percent on Monday, posting their worst loss in four years, as investors fear that new legislation could damage the company’s profitable advertising business. Facebook chief executive Mark Zuckerberg faced several questions from U.S. and U.K. politicians a [...]

19 Mar 2018

Vladimir Putin wins Russian election

Vladimir Putin wins another six years as Russian leader after big triumph on Sunday as he obtains over 76 percent vote. In his speech, Putin told crowds on Manezhnaya Square: “Everyone who voted today is part of our big, national team.” When he was asked about the poisoning of Sergei Skr [...]