The German government plans to extend the lockdown until March 14, amid increased concerns about the new variants of the Coronavirus. Chancellor Angela Merkel is reportedly set to officially announce the new measures, urging citizens in Germany to maintain social distancing as a precaution against the virus. The lockdown was …

European stocks closed lower on Wednesday, as the earnings reports season continues across the markets. The STOXX Europe 600 index declined by 0.23%, as most of the market sectors closed in red. The French CAC40 index fell by 0.36%, while the German DAX plunged by 0.56%. Meanwhile, the UK’s FTSE100 …

The U.S. Dollar (USD) declined on Wednesday, following the release of the January inflation data that showed that the Consumer Price Index (CPI) declined to 0.3% on a monthly basis last month, while the core CPI decreased to 1.4% from 1.6% in December. The Dollar Index (DXY), which measures the …

Commercial crude oil inventories in the United States decreased by 6.6 million barrels last week, data showed on Wednesday. Oil stockpiles in the U.S. stood at 469.0 million barrels in the week ending February 5, according to the weekly report of the U.S. Energy Information Administration (EIA). “U.S. crude oil …

Wholesale inventories in the United States increased by 0.3% last December, compared with their level in November, data showed on Wednesday. According to the U.S. Department of Commerce’s Census Bureau, the seasonally adjusted wholesale inventories reached $651.5 billion by the end of December 2020. On an annual basis, inventories declined …

The proceedings of former United States President Donald Trump’s second impeachment trial in the U.S. Senate began earlier today. For hours on Tuesday, Democratic members of the House of Representatives who are impeachment managers as well as Trump’s defense team debated the constitutionality of the impeachment trial. Trump’s lawyers argue …

Crude oil inventories in the United States declined by 3.5 million barrels last week, according to the weekly report of the American Petroleum Institute (API) released on Tuesday. During the week ending February 5, gasoline stockpiles rose by 4.8 million barrels, while distillate inventories decreased by 487,000 barrels. It is …

The main indices of the New York Stock Exchange (NYSE) closed mostly lower on Tuesday, after a series of gains that saw it hit new all-time record highs. The decline comes on the back of mixed financial results reported by some major listed companies. The Dow Jones Industrial Average declined by …

Oil prices continued to rise on Tuesday, reaching a new year-high level after declining earlier in the session. The rally of crude prices is supported by the commitment of major producers, an alliance known as OPEC+, to output curbs. In addition, hopes for economic recovery and the anticipation for a …

Gold prices rose on Tuesday for the third consecutive session, supported by the decline of the U.S. Dollar (USD) to its lowest level in about a week. The yellow metal gains come amid anticipation for the passing of the new stimulus package in the United States, which is a $1.9 …