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Oil prices closed higher on Monday, after showing a mixed performance due to geopolitical risks and rising concerns about demand recovery. The Brent crude futures for October delivery increased by 1.3% or 57 cents and settled at $45.37 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …

The President of the United States, Donald Trump, has pledged on Monday to create 10 million jobs in 10 months, Reuters reported. “We will create tax credits for companies that bring jobs form China back to America,” Trump said during a campaign event.

The New York Stock Exchange (NYSE) closed Monday mixed as the Dow Jones finished in losses, while the S&P closed in green, nearing its highest level ever, which was already achieved by the Nasdaq that broke yet another record by the end of today’s session. The Dow Jones Industrial Average …

The U.S. Dollar (USD) is maintaining its losses on Monday, as the Dollar index (DXY), which measures the performance of the USD against a basket of six major currencies, is close to finishing down by 0.30% at 92.81. The USD biggest losses are against the Australian Dollar (AUD) with 0.55%, …

Gold prices increased on Monday, maintaining its renewed upward trend with the highest daily rise since April 22, supported by the rising demand on safe havens. Gold futures for December delivery closed higher by $48.90 or 2.5% at $1.998.70 per ounce. A mostly-negative performance by the U.S. Dollar helped the …

Bitcoin surged on Monday to its highest level in more than a year, expanding its 2020 gains since the beginning of the COVID-19 crisis. The cryptocurrency increased by more than 4% to $12,424, its highest level since July 2019. Year-to-date (YTD), the price of the digital currency has increased by …

European stocks finished higher on Monday after fluctuating throughout the first session of the week, due to rising political tensions and concerns regarding the COVID-19 pandemic. The Stoxx Europe 600 index added 0.41% or 1.5 points to settle at 369.57. In the UK, the FTSE100 index closed higher by 0.61%, …

Homebuilder confidence in the United States increased in August, for the third consecutive month, matching its record high, data showed on Monday. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) increased by 6 points to 78, exceeding market expectations and matching its all-time high, which was recorded …

The US NY Empire State Manufacturing Index fell more than expected in August. It came at 3.7, declined from 17.2 in July and fell short of 15.0 expected. New orders -1.7 vs +13.9 last month, little changed. Employment jumped higher to +2.4 vs +0.4 last month. Shipments +6.7 vs +18.5 …

The Chinese state media reported on Monday, citing a statement from China’s cabinet saying that China will not resort to flood-like stimulus, adding that they will keep liquidity reasonably ample. This comes after the PBOC injected liquidity into the system, offering 700bn yuan in a medium term lending facility earlier …