The pound fell again on Monday (March 15th) amid an increase in US Treasury yields and with the European Union launching legal action against Britain’s unilateral changes to trade arrangements with Northern Ireland. The 27-nation bloc said the changes violated the Brexit deal signed last year. The pound fell 0.22% …
Read More »Currencies Overview: Dollar Rising as Markets Await The Fed Meeting
Caution dominated the currency markets on Tuesday, March 16th, before the start of the two-day monetary policy committee meeting of the US Federal Reserve. It is expected that policymakers in the Council expect that the US economy will grow in 2021 at the fastest pace in decades with the decline …
Read More »European Shares Rise, Supported by Positive Outlook
European stocks rose on Tuesday, March 16th, as German online fashion retailer Zalando and carmaker Volkswagen jumped on a positive earnings outlook, while investors awaited the US Federal Reserve’s views on recent inflation increases. The European Stoxx600 index rose 0.4%, growing closer to an all-time high reached last year and …
Read More »Gold Rises as US Bond Yields Fall Ahead of a US Fed Meeting
Gold prices rose on Tuesday, March 16th, as US Treasury yields fell, while investors awaited a Fed meeting likely to dispel concerns about rising inflation. The spot price of gold rose 0.2% to $1735.76 an ounce while US gold futures rose 0.4% to $1735.90. The expectations of policymakers at the …
Read More »Japan shares Closing Higher on Recovery Hopes And Topix is at a 20-Year Peak
Japanese shares closed higher on Tuesday, March 16th, and the Topix index reached a 20-year high, as technology stocks tracked Wall Street’s gains amid hopes for a strong economic recovery in the United States. The broader Topix index rose 0.65% to 1981.50 points, the highest closing level since May 1991, …
Read More »Asian Stocks Rise Ahead of The Fed
Asian stocks rose on Tuesday, tracking the advance of Wall Street’s major indexes to record highs, as investors looked forward to major central bank meetings this week, starting with the US Federal Reserve. The region’s stock market index excluding Japan rose 0.7%, led by a 1.2% jump in the benchmark …
Read More »Oil Falling as Demand Worries Increase on The Increase in Inventories
Oil prices fell for the third session in a row on Tuesday (March 16th), as an increase in stocks in the United States exacerbated concerns about risks facing demand, with countries including Germany and France halting vaccinations to prevent Covid-19. Brent crude fell 49 cents, equivalent to 0.7%, to $ …
Read More »Germany’s RKI: COVID-19 Cases Are Growing Exponentially Again in the Country
Coronavirus infections are spreading exponentially once again in the country, up 20% in the last week, Germany’s Robert Koch Institute (RKI) epidemiologist Dirk Brockmann told ARD television on Tuesday. To be updated …
Read More »Foreign Holdings of US Treasury Bonds Rose For The Second Month in a Row in January
Data from the Treasury on Monday showed that foreign holdings in US Treasury bonds rose for the second month in a row in January. Foreign investor holdings reached $ 7.119 trillion in January, up from $ 7.07 trillion in the previous month. Holdings of Japan, the largest non-US holder of …
Read More »Dubai TV Interview, March 15, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. US dollar This week is one of the most important weeks for the US dollar, with markets awaiting the Federal Reserve’s statement and interest rates decision, with …
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