The Egyptian presidency said in a statement that Egypt and Russia agreed to resume all flights between the two countries during a call between President Abdel Fattah El-Sisi and Vladimir Putin. “It was agreed to resume full air traffic between the airports of the two countries, including Hurghada and Sharm …
Read More »Eurozone Recovery Accelerates in April as Services Return to Growth
A survey revealed that the eurozone’s recovery from the pandemic-induced economic downturn was much stronger than expected in April as the bloc’s dominant service sector ignored renewed lockdowns and saw a sudden return to growth. As the continent faces a new wave of infections with the Coronavirus, governments have re-imposed …
Read More »Central Bank of Russia Hikes Policy Rate by 50 Basis Points to 5% in April
Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5%, compared to analysts’ estimate for an increase of 25 basis points.
Read More »Oil Rises on Hopes of Recovery in Demand
Oil prices rose on Friday, April 23, boosted by hopes for a recovery in demand as global growth improves and lockdown measures eased, but concerns about a surge in second-wave COVID-19 infections in India dampen the gains. Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel after …
Read More »European Stocks on Track of Posting Their First Weekly Loss in 8 Weeks
European stocks are on the path of incurring their first weekly loss in eight weeks on Friday, April 23, as a surge in global coronavirus infections dashed the impact of strong earnings reports, while Madrid-based Olfendes shares jumped in its first trade in the Amsterdam market. The European Stoxx600 index …
Read More »Japan to Declare COVID-19 State of Emergency in Tokyo, Osaka Region
Japanese stocks closed lower on Friday, April 23, as tighter government restrictions to contain COVID-19 infections raised concerns about the economy’s recovery, while disappointing expectations from nedec reinforced the cautious atmosphere at the start of the corporate earnings announcements season. The Nikkei index fell 0.57% to close at 29020.63 points, …
Read More »Japan Stocks Tumbled on Pandemic Fears
Japanese stocks closed lower on Friday, April 23, as tighter government restrictions to contain COVID-19 infections raised concerns about the economy’s recovery, while disappointing expectations from nedec reinforced the cautious atmosphere at the start of the corporate earnings announcements season. The Nikkei index fell 0.57% to close at 29020.63 points, …
Read More »Bitcoin Retest Resistance
Bitcoin prices fell significantly during the previous trading session, to record its lowest level around 50,490. On the technical side today, with a closer look at the 60-minute chart, we find the stochastic indicator is trading around oversold areas, in addition to the intraday trading stability above the support level …
Read More »Dax Hovering Around Support
The current movements of the German DAX index are witnessing a bearish tendency, benefiting from building a base on the support floor located at 15,200/15,180. On the technical side, today we tend to be positive, but cautiously, on short time intervals, relying on the RSI getting positive signs. Therefore, a …
Read More »Dow Jones Breaks Through Support, Negativity Remains
Significant negative trades dominated the Dow Jones Industrial Average on the New York Stock Exchange, recording its lowest level during the previous session’s trading, 33,603. On the technical side today, and with a closer look at the 60-minute chart, we find the RSI continues to defend the downside, and this …
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