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European stocks closed Thursday after showing mixed performance across the old continent’s markets, pushed downwards by tensions between Washington and Beijing and the worse than expected unemployment data in the US. On the other hand, positive financial results by some listed companies gave support to the stock market. The pan-European …

The Office of the Comptroller of the Currency (OCC), an independent bureau within the United States Department of the Treasury, approved that banks could provide custody services for cryptocurrencies, Reuters reported. Providing custody and safekeeping services for cryptocurrencies is now considered a modern version of banking services. Such services include …

The Euro’s (EUR) rally against the US Dollar (USD) was not affected by the worsening consumer confidence indicator for the Eurozone, considering that data by the European Commission suggested that the index remained stable despite a 0.3% decline. The EUR/USD is trading at ‪1.16193, up by 0.40% for the day. …

The Euro is now supported by the European Union’s (EU) recent agreement for a recovery fund to help the bloc’s economy combat the downturn caused by the coronavirus disease (COVID-19) crisis. Approving the recovery fund spurred demand for European assets and extended the Euro’s rally, and now, market analysts are …

The United States domestic supplies of natural gas increased by 37 billion cubic feet (bcf) last week, according to data released by the Energy Information Administration (EIA). The increase exceeded analysts’ expectations of a 33 billion cubic feet (bcf) increase.

Data by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) showed that the consumer confidence indicator for the Eurozone declined in June by 0.3 points to -15. On the European Union’s (EU) level, the consumer confidence indicator remained unchanged at -15.6. Both indicators remain well below their …

Bitcoin is struggling to stay above $ 9,500 with bullish momentum fading and the technical picture indicates that the price may fall to 9400 before resuming the rally. Interest in bitcoin reached its lowest level since December 2019 amid fluctuations and low trading volumes. Bitcoin dominance index fell to 61.5% …

The US dollar reached its lowest level in four months, and the Chinese yuan regained some losses from the previous decline, as investors adopted a wait-and-see attitude regarding the outcome of the tensions between the two countries. The United States granted China until Friday to close its Houston consluate, on …

Weekly jobless claims in the United States increased by 109,000 as data released by the US Department of Labor on Thursday revealed 1,416,000 initial claims for unemployment benefits in the United States during the week ending July 17. That reading came after last week’s reading of 1,307,000 and worse than …

US equity markets are set to open higher with sentiment gaining some confidence after Tesla and Microsoft’s results. Earnings reports from Microsoft exceeded analysts’ expectations for a 13% increase in sales and a net profit of $ 11.2 billion, despite disappointment that Azure’s sales growth slowed below 50%. Dow Jones …