Russian Energy Minister Alexander Novak said that it is “very important” that Russia and the rest of the oil producers quickly regain their market share or even raise it as soon as the demand for crude recovers. In order to ensure that it does not lose its share in the …
Read More »Oil Falls on Demand Concerns And The End of Holiday Season in US
Oil prices fell on Tuesday, September 8, amid concerns about fuel demand as the summer holiday season in the United States comes to an end, and a long Labor Day weekend has increased fears of an increase in coronavirus cases in more US states. US West Texas Intermediate crude futures …
Read More »German Shares Rise And Brexit Tension is Pressing Europe
Stocks listed in Frankfurt rose on Tuesday, September 8th, while the rest of the European markets fell, as data showed that German exports increased in July, dispelling fears that the United Kingdom faces the risk of leaving the European Union without a trade deal. The European Stoxx600 index fell 0.1% …
Read More »Gold Retreating Due to Strength of Dollar, Eyes on Central Banks
Gold fell on Tuesday, September 8th, due to the rise of the dollar, but the losses were limited by doubts about economic recovery, while investors awaited the strategies of central banks’ policies in North America and Europe. Gold spot fell 0.2% to 1925.38 dollars an ounce by 05:10 GMT. And …
Read More »Japan’s Economy Contracted For The Third Consecutive Quarter
Japan’s economy contracted during Q2 of this year at a record annual rate of 28.1%, after adjusting from a preliminary figure of 27.8% that was estimated last month. The reading came in line with analysts’ expectations for a 28.4% contraction. This represents the third consecutive quarterly contraction, the largest decline …
Read More »Germany’s Exports Rose in July, But Below Pre-Pandemic Levels
Data showed that German exports increased 4.7% in July, indicating that Germany’s economic recovery from the Coronavirus crisis remains on track, although export shipments are still well below the pre-crisis level. The Federal Statistics Office said that imports rose only 1.1% on a monthly basis, bringing the trade surplus adjusted …
Read More »Trump Raises Prospect of “Decoupling” US Economy From China
US President Donald Trump raised the idea of the US economy decoupling from the Chinese economy, indicating that the United States will not lose money if business activities between the two countries ceased. “decoupling, it’s an interesting word,” Trump told during a news conference at the White House. “We will …
Read More »Dubai TV Interview, September 7, 2020
The main remarks by Mohamed Hashad, Director of Research and Development at Noor Capital, to Dubai TV on Monday, September 7, 2020. Wall Street Recent remarks by the Federal Reserve at the Jackson Hall annual conference and the review of its policy, allowing inflation to go above the long-term target …
Read More »The Main Challenges Facing Japan’s Next Prime Minister
Shortly after Japanese Prime Minister Shinzo Abe announced that he is stepping down due to health issues, the market reacted with anticipation for the one who will replace Japan’s longest serving PM. A recent report by CNBC explored the main challenges facing the next Prime Minister of Japan, noting that …
Read More »UK Housing Prices Reach New Record High
House prices in the United Kingdom recorded a huge rise last month, reaching a new record level, according to data by IHS Markit. The Halifax House Price Index increased by 5.2% in August on an annual basis. This is the largest rise for the house-pricing index since late 2016. The …
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