A survey published today, Wednesday, April 7 showed that business activities in the Eurozone returned to growth last month, supported by a record expansion in the manufacturing sector, and that the services sector is facing new lockdown measures better than expected. Europe is fighting a third wave of the spread …

The dollar hovered near its lowest level in two weeks after the US Treasury bond yields retreated from their recent high levels, while market participants await the US Federal Reserve meeting minutes, which will be released later during the session, to determine the future course of the US currency. The …

The official Emirates News Agency (WAM), citing a decree, stated that the President of the United Arab Emirates, Sheikh Khalifa bin Zayed, appointed Khaled Al Tamimi as Governor of the Emirates Central Bank. Al-Tamimi, who previously served as deputy governor of the Central Bank, will replace Abdul Hamid Saeed Al-Ahmadi. …

European stocks hovered near record highs on Wednesday, April 7, as investors awaited data on service sector activity in the region, while British stocks outperformed the rest of the market, supported by optimism about rapid vaccination campaigns and a weak sterling pound. The pan-European STOXX 600 index fell 0.2% after …

Oil prices rose Wednesday, April 7, thanks to the possibility of stronger global economic growth in light of an increase in vaccinations and a report stating that crude stocks in the United States, the largest consumer of fuel in the world, fell. But optimism about talks between the United States …

The German Statistics Office said that the country’s public sector deficit amounted to 189.2 billion euros in 2020 due to the Coronavirus pandemic, the first deficit since 2013 and the highest in the budget since the reunification of Germany thirty years ago. The pandemic, which killed more than 77,000 in …

Gold prices jumped about 1% to the highest level in more than a week today, Tuesday, supported by the decline in the dollar and US Treasury yields. Gold recorded in immediate transactions 1743.20 dollars per ounce at the end of the trading session, up 0.86%, after it earlier jumped to …

The American Petroleum Institute data showed that crude oil inventories in the United States fell last week, while fuel inventories rose. The data revealed that crude inventories fell 2.6 million barrels in the week ending April 2, while gasoline inventories increased 4.6 million barrels. Distillate stocks, which include diesel and …

The German DAX index managed to touch the second target to be touched during the previous trading session, at 15,310, to hit its highest level at 15,337. On the technical side, the current trading of the index is witnessing a bearish bias, after it found a strong resistance level around …

A bullish bias continues to dominate the moves of the Dow Jones Industrial Average, to succeed in reaching its highest price during the previous trading session at 33,430. On the technical side today, the index’s movements are still stable above 33,255/33,250 accompanied by the stability of the RSI indicator above …