Oil prices rose today by about 2%, to rebound due to fears that the float of a giant, stranded container tanker, impeding the movement of navigation in the Suez Canal, may take weeks, which may put pressure on the supplies of crude and refined products. But prices are still heading …

The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy. The pound fell by up to 1.9% against the US currency …

A survey showed today, Friday, that German business confidence reached its highest level in nearly two years in March, as increased demand for manufactured goods kept factories in Europe’s largest economy in a state of activity during the rise in infections with the Coronavirus and restrictions of general isolation. The …

China’s Commerce Ministry said in a statement on Friday, that they will impose anti-dumping measures on some Australian wine imports for five years, effective March 28. “Importers bringing in wines related to the anti-dumping activities ruled by China will need to pay tax to China’s customs authority, “the statement read.

Inflows data from Bank of America showed that investors pumped $45.6 billion into monetary funds in the week ending March 24, in the largest inflows since April 2020, and intensified their exposure to US financial instruments shielded from inflation. Bank of America said that inflation-protected securities funds saw inflows of …

The Suez Canal Authority said today, Friday, that it is looking forward to cooperating with the United States in efforts to float the container ship that has disrupted shipping for three days. The authority said in a statement, “The Suez Canal Authority appreciates the offer made by the United States …

Gold prices stabilized today, as high US revenues and concerns about the global economic recovery following the rise in COVID-19 infections across Europe offset the rise of the dollar, but the yellow metal is still on the path of recording its first weekly decline in three weeks. There was little …

The dollar recorded its highest level in several months during trading against most major currencies today, Friday, supported by a wave of optimism about better US economic data, the distribution of Corona virus vaccines, and higher Treasury revenues. The euro recovered slightly ahead of German business confidence data due to …

European stocks rose today, supported by gains made by commodity-related companies as investors balance concerns about rising coronavirus infections with the prospects for a stronger economic recovery in the United States. The pan-European STOXX 600 index rose 0.8%, reaching its highest level in a week. The benchmark index is on …

The UK retail sales came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, excepting the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous. YoY, the UK retail sales dropped by 3.7% in February versus …