Currencies including the Australian dollar and the British pound fell on Monday amid fears that further restrictions may be imposed in Europe to contain the mutated Omicron from the coronavirus. Investors shifted their focus to the potential impact of the rapid spread of the new mutation after the Netherlands imposed …

A report indicated that the compliance of “OPEC+” with the agreement to cut production in November amounted to 117%, which is a level higher than the 116% recorded in the previous October. These data indicate that the Group’s production levels are still below the agreed targets. The sources also told …

The price of the US dollar rose against the Turkish lira by about 6% in today’s transactions, to record the Turkish currency’s new low at 17.41 lira to the dollar. The prices of the Turkish currency are affected as a result of the inflation that Turkey is currently witnessing, which …

European shares fell amid a global sell-off as investors worried about the prospects of restrictions affecting the global economy with the increase in cases of the new mutated Omicron from the Coronavirus. The pan-European Stoxx 600 index fell 2.3 percent to its lowest level in more than two weeks. The …

Gold prices stabilized on Monday, approaching three-week highs recorded last week, as fears of the rapid spread of the mutated Omicron from the Coronavirus boosted the appetite for buying the precious metal as a safe haven for value. And gold settled in spot transactions at $ 1798.60 an ounce by …

Japanese stocks closed sharply lower on Monday after China’s cut in its lending rate failed to lift investor sentiment while the spread of the mutated omicron from the coronavirus continues to raise fears of an economic slowdown around the world. The Nikkei average fell 2.13 percent to close at 27,937.81 …

Higher Saudi prices for January delivery, lower overall demand for crude amid the Omicron uncertainty, the Chinese crackdown on illicit practices at its independent refiners, and refinery maintenance season starting in late Q1 2022 have resulted in Asian refiners abstaining from extra Saudi crude supply for loading in January.Refiners in …

Oil prices fell more than 2% on Monday, as rising omicron infections from the coronavirus in Europe and the United States fueled investor fears that new business restrictions to combat its spread could slash fuel demand. Brent crude futures fell $1.92, or 2.6 percent, to $71.60 a barrel by 0436 …

The Central Bank of Russia announced on Friday that it raised its policy rate by 100 basis points to 8.5% from 7.5%. This decision came in line with the market expectation. “If the situation develops in line with the baseline forecast, the Bank of Russia holds open the prospect of a …

The dollar remained under pressure on Friday at the end of a week in which major central banks revealed plans to halt their pandemic-era stimulus as the Bank of England surprised markets with an interest rate hike. After a turbulent week, the dollar index, which measures its price against a …