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The New York Stock Exchange (NYSE) closed higher on Monday, registering large gains in the first session of the week to recover some of the large losses it saw last week following the Fed’s policy statement, which indicated a hawkish change in tone. The Dow Jones Industrial Average gained 586.89 …

Oil prices surged on Monday, amid expectations that sanctions on Iran will continue following the recent presidential election. In addition, expectation for demand recovery in the second half of the year continue to provide support to crude prices. Brent crude futures for August delivery gained $1.39, or 1.89%, and closed …

Gold prices rose on Monday, recovering from its recent losses, following two daily losses and the worst weekly performance in about 15 months. A retreat by the U.S. Dollar (USD) provided support for the yellow metal. Gold futures for August delivery gained $13.90, or 0.79%, to close at $1,781.80 per …

European stocks closed higher on Monday, starting the week with a positive performance after rebounding from earlier losses. The STOXX Europe 600 index rose by 0.7% and closed at 455.23 points. Similarly, the STOXX 50 index finished higher by 0.71% at 4,112.33 points. The French CAC40 and the UK’s FTSE100 …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Oil We can say that oil is one of the most important tools that has moved significantly over the past weeks …

President of the European Central Bank (ECB), Christine Lagarde, believes that the coronavirus pandemic is still impacting the Eurozone. Speaking to the European Parliament on Monday, Lagarde expected a quick rebound in economic growth on the back of recovery in consumer spending, Reuters reported. “While on the downside, the spread …

Wall Street’s main indexes opened higher on Monday, as financial and energy stocks rebounded after hawkish comments from the Federal Reserve last week pushed the Dow and Standard & Poor’s 500 indexes to their biggest weekly losses in months. The Dow Jones Industrial Average rose 21.99 points, or 0.07%, to …

The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) improved to 0.29 in May from -0.09 (revised from 0.24) in April.

Bank of America Global Research raised expectations for the price of Brent crude for the current and next year, saying that an increase in the balance between supply and demand in 2022 may raise the price of oil to one hundred dollars a barrel for a short period. The bank …

The European Union will impose sanctions, including travel bans and asset freezes, on 86 Belarusian officials and companies on Monday, but will leave it to leaders to decide when to impose economic sanctions, EU foreign policy chief Josep Borrell said. Diplomats said that the sanctions include 76 individuals, including the …