The yield on the benchmark 10-year Treasury note fell to 1.64% on Monday, remaining below 14-month highs of 1.75% reached early in the month as the bond market appears to be flat. Investors have digested mixed economic data and tame inflation, the outlook for a brighter economic outlook for the …

The dollar started the week strongly, as it moved in a peak direction against the euro on Monday, March 29th, at a time when a tendency of caution in the market pushes investors to safe havens, and the rapid distribution of vaccines adds to the attractiveness of the currency. The …

Chancellor Angela Merkel pressed German states today, Sunday, to intensify efforts to curb the increasing number of infections with the Coronavirus, and raised the possibility of a curfew in an attempt to control the third wave. “We have our emergency brakes … unfortunately they are not respected everywhere. I hope …

Oil fell by more than 2% on Monday, March 29th, after news from the Suez Canal that rescue crews managed to move the giant container ship that has been blocking the vital global trade corridor for nearly a week. Brent crude fell $1.38, equivalent to 2.1%, to $63.19 a barrel. …

Lieutenant-General Osama Rabie, Chairman of the Suez Canal Authority, announced that the Panamanian container ship Ever Given had successfully floated after the ship responded to the tension and towing maneuvers, whereby the ship’s course was significantly modified by 80% and the stern of the ship moved away from the shore …

The Personal Consumption Expenditures (PCE) Price Index in February edged lower to 0.2% on a monthly basis and came in lower than the market expectation of 0.5%, the data published by the US Bureau of Economic Analysis showed on Friday. On a yearly basis, the PCE Price Index rose to …

The US Bureau of Economic Analysis reported on Friday that Personal Income in February declined 7.1% on a monthly basis. This reading followed January’s impressive increase of 10.1% and came in slightly better than the market expectation for a decrease of 7.3%. Further details of the publication showed that Personal …

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 …