Sources in OPEC+ told Reuters that the group of oil-producing countries will meet on Monday to discuss expectations of weak demand in light of the high cases of Coronavirus and the increase in Libya’s production, but it is unlikely to recommend immediate action. A joint ministerial monitoring committee, including the …

Oil prices fell today, Monday, after the growth of the Chinese economy in the third quarter of the year was weaker than expected, highlighting concerns about the impact of the growing Coronavirus infections around the world on demand for the largest importer of crude in the world. The world’s second-largest …

European stocks rose in early trade on Monday, supported by strong results from Dutch Phillips and Swiss wealth manager Julius Baer, ​​overshadowing concerns about new restrictions imposed to combat the Coronavirus across the continent. The pan-European STOXX 600 index was up 0.8%, resuming its rise after suffering limited weekly losses. …

Gold prices rose on Monday, supported by concerns about the worsening Covid-19 pandemic, while the precious metal prices were also boosted by hopes for a new US stimulus package ahead of the presidential elections in November. The spot price of gold was up 0.6% to $ 1909.90 an ounce, while …

Japanese exports fell 4.9% in September year on year, more than expected. Imports decreased by 17.2%, better than expectations for a decline of 21.4%. As a result, the trade surplus decreased to 675.0 billion yen. It is reported that Japanese exports to China increased by 14.0%, the largest increase since …

China’s economic recovery accelerated in the third quarter of the year as consumers abandoned caution about the Coronavirus, but the main below-expected growth rate foretells continued risks to one of the few drivers of global demand. Official data revealed on Monday that gross domestic product (GDP) grew 4.9% from July …

Japanese shares closed higher on Monday, following US futures gains in Asian trade, thanks to hopes of reaching an agreement on a US program to mitigate the economic damage from the Corona virus before the presidential elections. The benchmark Nikkei index rose 1.11% at the close to 23,671.13 points, while …

The DAX is witnessing positive movements as the week begins with a bullish bias. Technically, the index stabilizes intraday above 12780, and most importantly 12740, with a positive motive from the 50-day moving average. We think that there is a chance for a bullish tendency to occur in the coming …

Positive trading dominated the movements of the Dow Jones Industrial Average, nullifying the negative outlook as we expected, we indicated during the previous analysis that the breach of 28550 is capable of negating the bearish scenario, and the index returns to trade positively, heading towards 28740, to post high at …

Pound was dominated by negative trading against the Japanese Yen within the expected bearish path, shy off the required target of 135.15, posting low at 135.40. Technically, the current movements of the pair are witnessing a bullish tendency, as a result of building a base on support floor of 135.60 …