Oil prices fell on Monday as investors awaited further rate hikes from the US and European central banks, while tight supply and hopes for Chinese stimulus kept Brent crude at $80 a barrel. By 0045 GMT, Brent crude futures were down 41 cents, or 0.5 percent, at $80.66 a barrel. …
Read More »Financial Markets’ Weekly Recap, July 16-21
The Standard & Poor’s 500 and Nasdaq indexes fell at the close on Wall Street on Thursday, affected by the decline in Tesla and Netflix shares after the release of their quarterly results, but the Dow Jones Industrial Average closed higher for the ninth consecutive day, thanks to Johnson & …
Read More »Putin launches a giant liquefied gas project in the Arctic
Russian President Vladimir Putin launched the first line of the Arctic LNG2 project in Murmansk, the first phase of a giant Arctic liquefied natural gas (LNG) project in which the French group Total Energy was a party before its withdrawal in 2022. The value of the project is estimated at …
Read More »Gold is heading for gains for the third week in a row
Gold prices continued to gain for the third week in a row, Friday, July 21, supported by hopes that the US Federal Reserve will stop raising interest rates after its meeting this month. And by 06:15 GMT, gold in instant transactions increased 0.1% to $ 1970.69 an ounce, up 0.7% …
Read More »European stocks open to stability and the gains of energy companies erase the losses of the technology sector
European stocks fell at the open on Thursday, as investors assessed mixed business results announced by companies in the region, and disappointing financial results from two US giants, Netflix and Tesla, weighed on sentiment. The pan-European STOXX 600 index was down 0.2 percent by 0705 GMT. Frankfurt-listed shares of Netflix …
Read More »Japan’s Nikkei index is falling for a second day under pressure from chip stocks
The Japanese Nikkei index ended lower on Friday, affected by the acceleration of declines in stocks related to chips, which are tracking their counterparts in the United States. Semiconductor giants Tokyo Electron and Advantest fell 5.6 percent and 5.8 percent, respectively, wiping nearly 200 points from the Nikkei index. The …
Read More »Dollar is rising and Japan’s inflation data is boosting the yen
The dollar rose on Friday as data indicated a resilient US labor market could prompt the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after core consumer inflation in Japan accelerated again in June. Next week, central bank meetings will be held in Europe, Japan …
Read More »Oil rises as markets assess falling inventories and possible Chinese stimulus
Brent crude prices rose in Asian trading on Friday, amid market assessments of the possibility of announcing economic stimulus measures in China after weak economic data, as well as falling inventories in the United States and reducing supplies from two major producers. Brent crude futures rose 63 cents to $80.27 …
Read More »US: Weekly Initial Jobless Claims decline to 228K
Initial applications for unemployment insurance reached 228,000 in the week ending July 15, according to the US Department of Labor’s (DOL) release of weekly data on Thursday. Since early May, this reading is the lowest. The print came in below/above market forecasts of 242,000 and follows the prior week’s 237,000 …
Read More »The current account surplus for the eurozone rose in May
Data from the European Central Bank showed on Thursday that the eurozone’s current account surplus rose in May as the goods and services trade surplus widened. On the basis of adjusted data, the euro area, which includes 20 countries, recorded a surplus of 9.1 billion euros, compared to 3.8 a …
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