Economic Report

The euro rose on Tuesday on hopes of progress in peace talks between Ukraine and Russia, although risk appetite waned due to the rising number of COVID-19 infections in China. On Tuesday, talks between Ukrainian and Russian negotiators to ease the crisis are expected to resume after video-conference talks after …

Interviewed by CNBC Arabia, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, shed light on the latest developments of the financial markets’ arena:(I) OilMarkets appear to have relative stabilized, this was reflected on the oil market, as crude …

Wall Street dips into the red as risk appetite fades. The disappointment on the Ukraine – Russia talks and COVID-19 in China have soured sentiment.US markets have dropped into negative territory after having opened with gains on Monday. The fragile appetite for risk witnessed during the European session seems to …

Oil prices fell by as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine intensified and markets prepared for a US interest rate hike. Oil prices fell more than 5% on Monday to their lowest levels in nearly two …

Volatility and inflation have been among the most significant key drivers throughout the trading week amid trepulent geopolitical developments with undeniable economic impact across financial market.Inflation Still Biggest RiskData released on Thursday showed that the US consumer price index (CPI) grew 7.9% year-on-year and 0.8% month-on-month in February. The core …

After a historically volatile week, WTI is more subdued on Friday, remaining capped under $110 but supported above $104. WTI is on course for a weekly drop of over $7.0, which would be its worst one-week performance since November.Global oil markets look set to end a historic week of energy-related …

US equity indices have pulled back on Thursday as Wednesday’s exuberance is pared following limited progress in Russia/Ukraine talks.The S&P 500 fell 0.7% with traders also focused on another rise in the YoY rate of US CPI.US equity indices have broadly reversed lower on Thursday in tandem with their global …

The euro gave up some overnight gains on Thursday after its biggest daily jump since 2016, as traders awaited the European Central Bank meeting and an EU summit to highlight how the bloc’s policymakers responded to Russia’s invasion of Ukraine. The single currency benefited on Wednesday from a shift in …

The euro gained more than 1.5% against the dollar on Wednesday as risk appetite returned to financial markets and energy as well as commodity prices eased from recent peaks that were driven by Russia’s invasion of Ukraine and the Western sanctions imposed in response. Market expectations about the potential for …

The precious metal continues to capitalize on safe-haven flows. Gold Price is currently trading at around $2,060 per ounce, overbought but without signs of technical exhaustion. The next relevant level to watch is $2,075.64, where it set a record high in August 2020, while beyond the level, market players will …