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 …
Read More »Bitcoin: Sharp Decline After Peak
Bitcoin fell sharply again today, Monday, after reaching an unprecedented high of $61,781.83 at the weekend, after US President Joe Biden signed his $1.9 trillion financial stimulus package and directed him to speed up vaccinations. In early trading in London, the world’s most popular cryptocurrency fell below $55,000 for a …
Read More »US: NY Empire State Manufacturing Index Improves in March
The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey rose to 17.4 in March from 12.5 in February, the NY Fed’s report revealed on Friday. This reading came in better than analysts’ estimate of 14.5.
Read More »Canada: Manufacturing Sales Increase by 3.1% in January
Manufacturing Sales in Canada rose by 3.1% in January to $56.2 billion, the data published by Statistics Canada revealed on Monday. This reading followed February’s increase of 0.9% and came in better than the market expectation of 2.5%.
Read More »Currencies Overview: Dollar Continues to Rally on Yield Gains
The dollar rose for the second session in a row today, as the increase in US Treasury bond yields prompted dealers to reduce their bet on the dollar’s decline to its lowest level in four months. The yield on the 10-year bond was trading at 1.6320% on Monday, close to …
Read More »European Stocks Rise And Danone jumps After Chief Executive is Ousted
European stocks rose today on the back of gains from French food company Danone and Swiss pharmaceutical company Roche, with optimism about a strong economic recovery easing concerns about an acceleration in inflation. The STOXX 600 index rose 0.7% in early trade, slightly close to its highest level last year, …
Read More »Italy Announces a Plan to Vaccinate at Least 80% of The Population Against Corona by September
Italy said on Saturday it aims to vaccinate at least 80% of its population against COVID-19 by September by ramping up its daily vaccination campaign. Francesco Paolo Vignolo, the new special commissioner for the Coronavirus, announced a general plan to distribute 500,000 vaccine doses per day, according to a statement …
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