European stocks closed lower on Thursday after the European Central Bank (ECB) decided to maintain interest rates unchanged amid recession fears. The Stoxx Europe 600 declined by 0.59% to close at the level of 367.48 points. Meanwhile, the UK’s FTSE100 finished lower by 0.16%. The French CAC40 and the German …

Bitcoin is maintaining most of its gains on Thursday, as it is currently trading up by 1.6% at $10,422.8. Earlier today, the world’s biggest digital currency was trading above $10.475 briefly, before giving up some of its gains as it faces strong resistance. Meanwhile, the Ethereum surged by 5.3% to …

The Conference Board Coincident Economic Index (CEI) for the United Kingdom increased by 0.3% in July 2020 to 103.6. Meanwhile, the Conference Board Leading Economic Index (LEI) for the UK decreased by 0.3% in July to 78.2, as shown by data released on Thursday.

Crude oil inventories in the United States rose last week by 2 million barrels, as shown by the US Energy Information Administration (EIA) weekly report on Thursday. The increase in oil stockpiles, which came against market expectations of a 1.3 million barrel decline, ended six consecutive weeks of inventories decline.

Natural gas inventories in the United States increased by 70 billion bcf last week, according to the US Energy Information Administration (EIA) Natural Gas Storage report. The rise in natural gas stockpiles comes compared with market expectations of a 68 billion bcf increase, after a 35 billion bcf increase in …

Wholesale inventories in the United States amounted to $632.3 billion in July, declining by 0.3% compared with its level in June and by 5.6% compared with its level in July 2019, according to seasonally adjusted data by the US Department of Commerce’s Census Bureau. In July 2020, the wholesale inventories …

The New York Stock Exchange (NYSE) recovered on Wednesday a large portion of its losses over the last three sessions. Renewed strong buying activity for tech stocks, which recently witnessed sharp declines, helped the rebound. The Dow Jones Industrial Average closed higher by 439.58 points, or 1.6%, at 27,940.47 points. …

Oil prices closed higher on Wednesday, amid a decline by the US Dollar (USD), recovering some of its losses on Tuesday. Brent crude futures for November delivery increased by $1.01, or 2.5%, to settle at $40.79 per barrel, after falling below $40 for the first time since June yesterday. The …

Gold prices rose on Wednesday for the second consecutive day supported today by a decline in the US Dollar (USD) amid a rebound by the Euro ahead of the European Central Bank’s (ECB) upcoming meeting. Gold futures for December delivery increased by $11.70, or 0.6%, and settled at $1,954.90 per …

A recent report by the European Commission has warned that the European Union’s economic sovereignty is at stake due to the high dependence on imports, Bloomberg reported. “The EU is heavily dependent on non-EU countries for critical raw materials that are essential for staying at the forefront of global competition, …