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European stocks rose on Friday, extending their gains for the third consecutive week, amid improved investors’ sentiment that was supported by positive earnings reports by leading listed companies and positive economic data that fueled hopes for recovery from the Coronavirus pandemic. The STOXX Europe 600 index finished higher by 0.5%, …

Retail sales in Canada declined by 3.4% in December to CAD 53.38 billion ($42.37 billion), data by Statistics Canada showed on Friday. This marked the biggest monthly decline in Canadian retail sales since April, as renewed lockdown measures against the Coronavirus vaccines led to the shutdown of many outlets and …

Sales of existing homes in the United States increased during January by 0.6% compared with their level in December, data by the National Association of Realtors showed on Friday. Last month, sales reached a seasonally adjusted annual rate of 6.69 million units, rising by 23.7% on an annual basis, and …

Businesses in the United States showed their strongest monthly output expansion in about six years this month, data showed on Friday. As the American economy is recovering from the impact of the Coronavirus pandemic, the service sector activity expanded and the manufacturing sector maintained output growth at a slightly slower …

Goldman Sachs said in a note that a wave of freezing weather in Texas caused blackouts and disruptions to refineries and pipelines that would have a limited and only temporary impact on the global oil market. Oil prices fell by up to 2% on Friday, due to fears that the …

The data from the UK showed on Friday that the CBI’s Manufacturing Order Book Balance rose to -24 in February from -38 in January and surpassed the market expectation of -35.  Furthermore, the Manufacturing Output Expectations Balance jumped to -2 from -24 in January.

European Central Bank data showed that the eurozone’s current account surplus widened in December due to a higher trade surplus and a larger contraction of the secondary income deficit, which includes outflows such as remittances and taxes. The 19-nation bloc, which deals in euros, recorded a current account surplus of …

Bitcoin hit a new record high on Friday and is moving towards achieving a market value of $ 1 trillion, ignoring analysts’ warnings that it constitutes an “economic sideways supply” and a flimsy hedge against falling stock prices. The value of the most popular cryptocurrency in the world jumped 2.6% …

Oil prices fell by more than 1% today, Friday, to continue declines recorded overnight, due to fears that refineries will take time to resume operations after a wave of freezing weather in the American South, causing a gap in demand, while OPEC+ supplies are expected to rise. Brent crude futures …

The preliminary reading for service PMI in Germany showed a drop to 45.9 in February 2021 versus 46.7 last and below expectations of 46.5. Soft figures indicated the fastest decline in service production since May of last year, As isolation measures due to Coronavirus continue to weigh on service activity