The euro slipped in thin trade over the Christmas holiday on Wednesday and the dollar pushed the yen to a one-month low as investors shrugged off a spike in omicron infections with renewed risk appetite. The Australian dollar rose as stocks rose, but the euro bucked the trend, falling 0.2 …
Read More »Bank And Retail Shares Support European Stock Exchanges in Thin Trading
European shares extended their rally for the third day in a row on Wednesday, boosted by bank and retailer shares despite concerns raised by rising COVID-19 cases about the economic outlook for the new year. The pan-European STOXX 600 index rose 0.2 percent by 0815 GMT, with shares of retailers, …
Read More »The Rise of The Dollar Affects The Luster of Gold
Gold prices fell on Wednesday in thin trading as the dollar rose and US Treasury yields stabilized after falling earlier in the session, but prices remained above the key level of $1800 an ounce. And the price of gold in spot transactions fell 0.2 percent to $ 1802.67 an ounce …
Read More »The Turkish Lira is Falling Back Against The Dollar
The Turkish lira fell 1.7 percent early on Wednesday, continuing to offset big gains made the previous week, as investors remained concerned about the country’s monetary policy outlook. The lira fell to 12.02 to the dollar by 0615 GMT from 11.8 at the close on Tuesday. Although it rose more …
Read More »Japan’s Nikkei Index Retreats From Its Highest Level in a Month
Japan’s Nikkei fell on Wednesday from a one-month high hit in the previous session, after shares of chip-related companies followed the lead of their US counterparts lower. The Nikkei index fell 0.56 percent, recording 28,906.88 points at the close. The index rose during trading on Tuesday to 29121.01 points, a …
Read More »Oil Continues to Rise as Fears of Omicron Subside
Oil prices continued to rise on Tuesday, approaching the highest level in a month reached in the previous session, thanks to expectations that the mutant Omicron of the Coronavirus will have only a limited impact on global demand. Brent crude rose 14 cents, or 0.1 percent, to $ 78.74 a …
Read More »Market Drivers – European Session 28-12-2021
The market was quiet due to the Christmas and New Year holidays. Gold traded in the morning hours at $1809 an ounce, adding nearly $10, while the dollar index is still low and is trading at 96 against a basket of foreign currencies. The US Treasury yields also recorded a …
Read More »US Stock Index Futures Witness Record Highs
The futures contracts for US stock indices rose significantly in trading on Tuesday morning, accompanied by a rise in the US dollar index after its decline over the past period since the US Federal Reserve meeting, and all this in light of the ongoing celebrations for the upcoming new year …
Read More »US Natural Gas Contracts Rise to Record Levels
US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting US natural gas futures extended gains, after rising at the highest pace in two months, supported by snowstorms in parts of the country. And futures contracts for January delivery rose …
Read More »The safe-haven yen fell to its lowest level in a month as fears of Omicron subsided
On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron. The Japanese currency fell to 114.935 yen against the …
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