Market News

All three major U.S. stock indexes saw dramatic declines on Monday, leaving them on course for the worst May in 50 years.

Despite the news that a deal on the Brexit departure could be struck between the two major political parties, uncertainty among investors kept the Pound Sterling steady but unable to move higher.

The British government and the Labour Party leadership are heading for new Brexit talks that aim to end the deadlock.

This past weekend was meant to be the celebration of a trade deal between the United States and China, but in a sudden turn of events, Friday saw an escalation of the trade dispute

This week is likely to see lesser market activity compared to last week, with no important central bank input due concerning any major currency.

Chinese economic recovery showed its fragile side in April, reported the People’s Bank of China in a report late last week.

In Asian trade, the Japanese Yen reversed direction after earlier gaining ground against the US Dollar.

The lack of progress in the Parliamentary discussions centered around the Brexit process have continued to weigh on the currency which saw little action during Thursday trade.

U.S. President Donald Trump spoke out – and acted out – against both China and Iran on Wednesday, sending Asian markets to a six-week low and traders flocking towards safe-haven assets.

The Pound Sterling continued to crack under pressure and is set to record its third straight day of losses unless there is some positive news on the Brexit front.

The Reserve Bank of New Zealand took the initiative and set an easing monetary policy stance, making it first country in the developed world of late that has chosen to cut the interest rates and to signal its disposition to make more reductions in the future, if the circumstances require it.

Wall Street indexes saw steep declines on Tuesday as traders continued to worry about the potential for the U.S.-Sino trade deal to crumble.

European Central Bank chief economist Peter Praet warned his colleagues on the ECB

With the resumption of Brexit talks between the opposing factions within the UK Parliament, the Pound Sterling was trading close to the $1.31 level.

The U.S. dollar index was down just after noon on Tuesday as traders continued to worry about the trade tensions between the United States and China.