The main indexes on Wall Street opened higher on Monday, while the Nasdaq index, teeming with tech companies, jumped more than 1% as sentiment was boosted by optimism about an agreement in Washington on more financial support ahead of the start of the quarterly earnings announcement season. The Dow Jones …
Read More »The Dollar Settling Near 3-Week Low as Markets Bet on a US Stimulus
The dollar settled near a three-week low on Monday amid optimism about the fiscal stimulus in the United States, while the yuan fell after the Chinese central bank changed its policy on currency reserves. The dollar index stabilized after it witnessed the biggest loss in six weeks on Friday, when …
Read More »Oil Prices Drop 1% as US Companies Resume Production
Oil prices fell 1% for the second consecutive session Monday, as US producers began to resume work after Hurricane Delta and the end of a workers’ strike that affected production in Norway. Brent crude for December delivery fell 41 cents to $ 42.44 a barrel, and U.S. West Texas Intermediate …
Read More »The Unemployment Rate in Turkey Stays at 13.4% in 3 Months
Monday’s data showed that the unemployment rate in Turkey stabilized at 13.4% in the period from June to August compared to the previous three months, with a high rate of participation in the workforce, while the repercussions of Covid-19 continued to affect employment. Separate data today showed that the current …
Read More »Core Machinery Orders in Japan Rose 0.2% in August
The rate of core machinery orders in Japan increased by 0.2% in August compared to the previous month, more than expected. On an annual basis, basic orders decreased by 15.2% in the same month. Better than expected. The producer price index unexpectedly declined by -0.2% in September on a monthly …
Read More »Gold Dropping From a 3-Week High as Dollar Stabilizes
Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition. Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ …
Read More »Japan Shares Closed Lower on Profit-Taking Sales
Japanese stocks fell at the close on Monday, due to concern over the upcoming corporate business results reports, prompting investors to reap profits and leading the decline in the selective industrial and consumer sectors. The Nikkei index fell 0.26% to 23,558.69 points, while the broader TOPIX index lost 0.2% to …
Read More »European Stocks Track Gains in Asia
European stocks rose Monday, tracking gains in Asia fueled by optimism about the recovery of the Chinese economy, while investors remain cautious about the rise in domestic infections with the Corona virus. The pan-European STOXX 600 index rose 0.3%, while the telecom and automobile sectors led the gains. The benchmark …
Read More »Dax Continues to be Positive
The German DAX maintained its positive stability, a few points difference from the aforementioned target 13130, to hit a high of 131 120. The index above 13030 and the most important 12995 enhances the chances of an upside, in addition positive motive from its simple moving averages. The bullish scenario …
Read More »Dow Jones Maintains The Bullish Path
Dow Jones Industrial was able to touch the target level mentioned in the previous report at 28680, posting a high at 28596. Technically, SMA 50 hold the price and the RSI continues to get positive signals on short intervals. From here, by steadily trading above the previously breached resistance-into-support 28370, …
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