Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …

European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …

The German economy contracted at the end of last year as inflation and the energy crisis affected household consumption and capital investment. The Federal Statistics Office said on Friday that the country’s economy contracted 0.4 percent in the last quarter of 2022 compared to the previous three months. Preliminary data …

Oil prices extended their gains for the second consecutive session on Friday, as the impact of expectations of lower exports from Russia outweighed the increase in inventories in the United States. By 0215 GMT, Brent crude futures were up 61 cents, or 0.7 percent, at $82.82 a barrel. West Texas …

According to a press report, Russia plans to implement significant cuts to its oil exports in order to raise the price of crude for the West. And according to what sources told Reuters, Russia may reduce shipments from its western export hubs by up to 25% by March. The sources …

Japan’s Nikkei average posted its biggest jump in a month on Friday, recovering from a one-month low hit in the previous session, as chip-related stocks rose and the Bank of Japan’s upcoming governor supported the current monetary easing policy. The index ended Friday up 1.29 percent to 27,453.48 points. The …

Oil, Crude, trading

Technically, and by looking at the 240-minute chart, the pair maintains its stability above the 50-day simple moving average, which returned to carry the price from below, and we find the stochastic indicator trying to get rid of the intraday negativity. Therefore, the possibility of maintaining the quiet rise to …

Oil, Crude, trading

US crude oil futures prices reflected the expected bearish trend, in which we relied on trading to remain stable at the time of writing of the previous report, below the resistance level of 75.10, explaining that the price’s attempts to consolidate above 75.10 might lead oil prices to a temporary …