Gold prices declined on Monday, opening the week with a negative performance as the downward trend continued despite the mixed performance by the U.S. Dollar (USD). This marked the second consecutive daily loss for the yellow metal most-active contracts, which settled at their lowest level since May 14, amid a …

European stocks closed higher on Monday, starting the week with a positive performance amid anticipation for the upcoming U.S. Federal Reserve meeting. The STOXX Europe surged by 0.25%, with oil stocks leading gains and adding 2%. The pan-European index recorded its fourth consecutive weekly rise last week. Meanwhile, the French …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming U.S. Federal Reserve meeting. Federal Reserve Last week, we saw clear market movements following the release of inflation data in the United …

Consumers in the United States expect an economic boom in 2022, the results of the Federal Reserve Bank of New York’s monthly survey showed. The May survey results also showed higher expectations for inflation, home prices, earnings, and employment. Median expectations for inflation next year continued to rise for the …

The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with Wall Street investors showing little concern over the recent surge in inflation, as it is likely to be temporary. The Dow Jones Industrial Average closed at 34,479.60 points, rising by 13.36 points, or 0.04%, failing …

Oil prices finished higher on Friday, registering their third consecutive weekly rise, at fresh two-year high levels. Expectations for demand recovery continue to provide support for crude prices as the global economy shrugs off the effects of the coronavirus pandemic. Brent crude futures for August delivery rose by 17 cents, …

European stocks surged on Friday to close to a new record high, with markets digesting concerns about the surge in U.S. inflation as it is expected to be temporary. The STOXX Europe 600 index gained 0.68% to finish at 457.64 points, maintaining its rising trend for the sixth consecutive session. …

Gold prices declined on Friday and finished at its lowest level in about a week, as the U.S. Dollar rose across the board. The USD’s rise and selling pressures due to profit making weighed on the yellow metal, which continues to signal strength and maintain most of its gains on …

The Euro (EUR) declined against the U.S. Dollar (USD) on Friday, losing multiple support levels as the greenback rose across the board. The European currency’s losses come after the European Central Bank (ECB) decided to maintain the current interest rates and committed to the current pace of asset purchases, with …

The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields. The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops. Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, …